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...1980s, wages have been lagging slightly behind inflation, even at today's comparatively mild pace of about 5%. Between 1980 and June of this year, for example, the average weekly earnings for U.S. workers increased from $235 a week to $309. But after adjustment for inflation, including a dramatic peak at the beginning of the 1980s, that paycheck actually slid backward over those years, to $227. The rise in productivity among U.S. manufacturing industries, however, was a brisk 4% each year from 1981 to 1985. During most of the previous decade, this measure of output per worker had increased only...

Author: /time Magazine | Title: A Lament: All Work and Less Pay | 7/13/1987 | See Source »

AIRLINES. By decontrolling routes, the Airline Deregulation Act of 1978 enabled dozens of new airlines to enter the business. The number of carriers authorized to fly planes with 60 seats or more increased from 36 in 1978 to a peak of 123 in 1984; there are now 74. The legislation decontrolled prices at the same time, which sparked the fare wars that have saved consumers some $6 billion annually. Today's U.S. airline tickets are estimated to be nearly 40% cheaper than they would have been without deregulation. Airline travel has thus become far more popular, rising from 255 million...

Author: /time Magazine | Title: Rolling Back Regulation | 7/6/1987 | See Source »

...moment when a satisfactory balance existed between the presidency and the forces outside that seek to diminish it has rarely if ever occurred. Thomas Jefferson was worried about the "tyranny of the legislature." By 1861, Executive Branch power was at a peak in the hands of Abraham Lincoln, only to slip from the grasp of indifferent and incompetent Presidents until Scholar Woodrow Wilson could suggest in 1885 that Congress had become the dominant part of Government. By the time Wilson won the White House, though, the U.S. was assuming international responsibilities that gave new importance to the presidency. That power...

Author: /time Magazine | Title: Fragmentation of Powers | 7/6/1987 | See Source »

...incandescent canvases were as much a part of the psychedelic '60s as Beatles music. Then, at the peak of his popularity in 1970, Artist Peter Max vanished from the international art scene and devoted the next 16 years to painterly experimentation and travel. But now Max is back. At Manhattan's Jack gallery last week, the Berlin-born artist opened a show of 30 gaily colored paintings and graphics under the rubric "Peter Max Celebrates America." Cheap the artist is not: his works on various patriotic themes are selling for anywhere from...

Author: /time Magazine | Title: People: Jul. 13, 1987 | 7/1/1987 | See Source »

...Scientists are puzzled by the unusual pattern of light 1987A is emitting. Said Garrison: "This is not like any supernova we've yet seen." Generally, light from supernovas is expected to peak quickly and then decline. But 1987A's brightness rose, then leveled off, then increased again, peaking around May 22, when it was easily visible to the naked eye. Since then it has been gradually dimming. One possible explanation was proposed by Astronomer Stan Woosley of the University of California at Santa Cruz. He suggests that the decay of radioactive elements within 1987A's cloud of debris...

Author: /time Magazine | Title: Science: Spectacle Of Cosmic Surprises | 6/29/1987 | See Source »

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