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...admonition was not only grim but superfluous: they are already being forced into penny watching on a scale they have not experienced in decades. In the past twelve months, hourly earnings of the average American worker have climbed 7.4%, but retail prices have risen much faster; the average paycheck now buys 4.6% less goods and services than a year ago. That is a drop in the purchasing power of Americans without any parallel in the whole post-World War II period. Pensioners are caught in such a merciless squeeze between higher prices and fixed incomes that some aging workers...

Author: /time Magazine | Title: POLICY: Seeking Relief from a Massive Migraine | 9/9/1974 | See Source »

Some merely wanted a paycheck. Others were concerned about being replaced-permanently-by a rookie. For most the motive was simply the desire to play football. To save face, the Players Association last month urged everyone to return to camp for a 14-day cooling-off period that ended last Wednesday...

Author: /time Magazine | Title: Sport: A Dearth of Hunger | 9/9/1974 | See Source »

...then. Deliveries of new U.S. automobiles are down a shuddering 27%. Consumer loan demand in January was growing less than half as fast as it was last summer, and the savings rate has inched up from about 6% to more than 7% as people start banking more of their paycheck instead of spending it. "The energy shortage should lessen the popularity of shopping as a sport," laments Sumner Feldberg, chairman of Massachusetts-based Zayre discount stores. "We're in for a period of tough retailing." Says Dick Balch, a suburban Seattle Chevrolet-Fiat dealer: "It looks...

Author: /time Magazine | Title: CONSUMERS: A Recession of Hope | 4/1/1974 | See Source »

...some artists like Jerry Lee Lewis who played both sides of the street. Once the titles were all country, but now Rod Stewart, J. Geils, Dr. John, the Rolling Stones, and Creedence Clearwater Revival are in the same AMI Rowe three-plays-for-a-quarter machine with Johnny Paycheck, Porter Wagoner, Tennessee Pullybone, Charley Pride, and Tammy Wynette. You can hear Buck Owens sing "Jack Daniels (Old No. 7)" as you get a 30-cent draft from Oley (Olga) Sopotnick, then put your quarter on the eight ball table and hear "Arms Full of Empty" and "Borrowed Angel" before Cecil...

Author: By Timothy Carlson, | Title: In Spudnick's | 2/25/1974 | See Source »

...furnace line, he can go no higher unless he transfers to, perhaps, the rolling-mill section-and then he must start at the bottom of that line, often behind workers who have been employed at the plant for a shorter period; in many cases he loses part of his paycheck as well. Although the same rules apply to whites, blacks contend that the burden has fallen unfairly on them because racist hiring practices have lumped them in the industry's dirtiest, hottest jobs, from which the promotion lines go only a short...

Author: /time Magazine | Title: LABOR: Battling Bias in Steel | 12/17/1973 | See Source »

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