Word: wage
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Dates: during 1960-1969
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...does not believe that debt necessarily leads to development, or that surplus necessarily leads to deflation. Economist Raymond Saulnier of Barnard contends that the economy has been expanding not because of Keynesian policies but largely because U.S. business has increased productivity faster than U.S. labor has pushed up wage costs-with the result that prices have held relatively stable. But even economic conservatives have lately accepted the idea of using deficits to stimulate the economy in slack years. Sighs Virginia Senator Harry Byrd: "Franklin Roosevelt was elected on a platform that pledged to cut governmental expenditures by 25%. Nobody would...
...resources have been harnessed to industry. Formosa today boasts the Orient's second highest standard of living (after Japan), though three-fourths of its national budget goes for defense. Since 1960, more than $42 million in foreign investment has been pumped into the island, whose skilled, low-wage labor force has attracted several dozen U.S. companies from Westinghouse to Winchester. In 1963, for the first time, Formosa had a balance-of-payments surplus...
...Schiff last week ordered the machine into operation. The union balked, and Bertram Powers, single-minded president of the International Typographical Union Local No. 6, laid down his demands. His men would refuse to operate the machine, insisted Powers, until there was an agreement with Mrs. Schiff to share wage savings from the computer operation on a fifty-fifty basis with the union...
Gulp. Intermittently through the next day, Mrs. Schiff and Powers, whom she thinks of as a friend, hashed out their dispute with the help of Labor Mediator Theodore W. Kheel. Powers persisted in his demand for an equal sharing of all wage savings realized by the automation process, while Dolly stubbornly argued that she would not share savings in any year in which the paper failed to make a profit. At length, as the principals wrangled in her East Side Manhattan apartment, Publisher Schiff the astute business woman became Dolly Schiff the wronged woman. "It's obvious," said...
...Journal sagged from 653,291 to 538,057, the Telegram from 570,275 to 403,340, the Post from 399,886 to 329,523; in that period, the Times rose 117,759, to 652,135, and the News climbed 33,445, to 2,170,373. Meanwhile, production wage costs at all the papers have jumped an estimated 23% and the price of newsprint has risen 4%. The Trib, Telegram and Journal stand to lose a total $15 million this year...