Word: raisesâ
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Dates: during 1971-1971
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Businessmen have kicked up their prices more rapidly than at any time since the Korean War, but profits before taxes have fallen from $88 billion in 1968 to an estimated annual rate of $84 billion in this year's first half. Workers have won many extortionate wage raises???labor costs have been rising more than 7% annually?but since 1968 the real weekly earnings of the American wage earner have inched up from an average $90.67 to only $91.96. In the past 2½ years alone, inflation has cut the value of the dollar by 12¢ and the once-prized greenback...
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