Word: subsistance
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...Goldman thinks that one of the orchestra's strengths is its low budget. Although the Philharmonia runs on only $65,000 a year, he notes, "We don't attempt to provide 52-week-a-year employment, or 48 weeks with 4 weeks vacation." The orchestra can subsist on almost miniscule state and foundation grants because of its small operating costs...
...impression that they are mere pawns in a world controlled by conniving capitalists. Worst of all is Chile's endemic inflation, which ran 28% last year and is presently climbing at the rate of more than 2% per month. More than half of Chile's families subsist on less than $30 a month. The cities are pockmarked with ugly slums, and life in the countryside remains burdensome and poverty-stricken for the vast majority of peasants...
...incomes" policy established as follows: European monies were devalued and mortgaged to the U.S. government and private investors so that the prices of all European commodities, including the price of labor, expressed in dollars was extremely low-low enough, that is, to compel most European working people to subsist on diets less nutritious than those consumed in 1939. Marshall Plan administrators would only extend urgent aid to those governments (France in 1948, for example) which agreed, first of all, to subject their population to an austere wages and tax policy. Secondly, these countries were to restrict commercial credit in such...
...below "the poverty line." Some of these 5,000,000 old people were poor to begin with, but most are bewildered and bitter nouveaux pauvres, their savings and fixed incomes devoured by spiraling property taxes and other forms of inflation. More than 2,000,000 of them subsist on Social Security alone...
Some inefficiencies may have to be tolerated simply because they make life more human. A labor shortage that inspires employers to hire ghetto blacks and other handicapped people instead of leaving them to subsist on public welfare is a good thing, whatever inefficiencies it may breed. Goof-off time feeds inflation by lowering productivity ?and nobody should underestimate what social damage that can cause. But one of the charms of the affluent society is that it indulges the human propensity to loaf and gives at least partial fulfillment to the Industrial Revolution's old promise that the machine will...