Word: wage
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Dates: during 1960-1969
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...week began on a hopeful note that quickly turned ominous. Premier Georges Pompidou and union leaders, after all-night negotiations, agreed early Monday morning to huge and highly inflationary wage settlements in order to end the strike that had idled half of France's 16 million-man industrial work force. Then, at plant after plant, the workers rejected the settlements and called for creation of a popular-front government of Socialists and Communists. It was a shattering blow to De Gaulle. He had been operating on the assumption that he could buy off the workers, whose demands until then...
French inflation has cut heavily into the wage gains of the decade, and, among their Common Market peers, French workers lead the way both in the number of hours spent on the assembly line and in enduring the highest national cost of living. Though he made less money several years ago, Citroen Worker Pierino Fausti, a bachelor, says he used to be able to go to the local dances and meet girls whom he could then afford to seduce in the grand and proper French style. "Well, I can't any more. Now, it's no drinks...
...both groups have stayed pretty well in sight of Wilson's guidelines, which date from the 1965 sterling crisis; they are now supposed to limit wage and price hikes to an annual 31% increase. Businessmen, however, are constantly tempted to raise consumer prices by an extra dollop, using as their understandable excuse the fact that devaluation brought on an automatic increase in the cost of imported raw materials. On their side, unions are girding for a series of major contract negotiations this summer and autumn with wage-rise demands totaling more than a billion dollars. Among the demands...
...least see that they hew the line. She can refer violators to the Prices and Incomes Board, which can revoke and fine them, but plans to use discipline only "in the nature of reserve powers." Instead, she has already announced her own positive "interventionist", policy, inviting unions to negotiate wage increases of any size-as long as they are based on equal gains in productivity. She was quick to applaud just that kind of an agreement recently (even though it will boost some wages 46% over three years) between Rootes Motors and two unions. She also hopes to encourage companies...
...class and the poor is one that combines a minimum income with an opportunity for a job and an obligation to work. This plan operates under the theory that income guarantee is necessary, but that those receiving it must undertake full-time productive employment. A concurrent elimination of minimum wage laws would permit industry to hire more labor than it can now. The government could offer public works employment as an alternative to unattractive industrial jobs, undertaking projects like slum clearance and cleaning littered highways--projects that require great manpower and little capital investment...