Word: wage
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Dates: during 1960-1969
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...times-and a network TV audience, Johnson reminded his listeners of what he has done for them lately and not so lately, including two civil rights laws, immigration reform, an array of urban programs ranging from model cities to rat control, consumer-protection statutes, air-pollution control, minimum-wage increases and, inevitably, "81 months of solid prosperity to break all records in American history." Promptly and conveniently, the Labor Department announced that unemployment from October to November fell from 4.3% to 3.9%, while unemployment among Negroes decreased from...
...until late in 1969 can it expect to turn smartly into the black. Meantime, domestic food prices have risen 3.8% since devaluation and will rise 5% to 15% after the first of the year. The powerful Trades Union Council still insists that it will seek a wage rise of an average $1.68 a week to take effect next June, which could endanger the advantages of devaluation by increasing the costs and prices of British exports...
...most costly ever. For more than five months, 60,000 copper workers have been idled by a strike of 26 unions, led by the United Steelworkers. All of the industry's Big Four-Kenhecott, Anaconda, American Smelting & Refining and Phelps Dodge-are affected. The unions demand hourly wage increases totaling 990 by their calculation and industry-wide bargaining; the companies have offered about 500 and have insisted on maintaining the same plant-by-plant bargaining system that copper men have always used. Last week, in a desperate effort to break the impasse that has nearly wiped out domestic copper...
...present administration could not bring about such a solution because, Hoffmann said, the "government is too deeply involved in its own arguments. What we need is some kind of President who has the sense to wage a strategic retreat from Vietnam...
...Administration's first reaction to the steel price boost was to use it as further evidence of the need for a 10% surtax. Chief White House Economist Gardner Ackley gave equal scoldings to both labor and management, noting that the steel increase represented "another turn in the wage-price spiral." Speaking at a Washington meeting of the Business Council, President Johnson talked of responsibility: "We know that wage and price changes are inevitable-and desirable-in a free-enterprise system. But those changes must be restrained by a recognition of fundamental national interest in maintaining a stable level...