Word: wage
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Dates: during 1980-1989
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...Corporation said then that Harvard would divest from banks that lent money directly to the apartheid regime. The ACSR, on the other hand, has tried without any success to force the University to sell shares in companies whose South African operations fail to meet the Sullivan Principles, minimum wage, and fair labor standards. Earlier this year, it tied on a vote recommending that the University completely divest...
...response, the financially constrained government of Prime Minister Menachem Begin initially offered wage increases of 22% (after indexing for inflation) and a work week of 42 hours. Said Finance Minister Yoram Aridor in a typically uncompromising speech: "What kind of society will we have if everyone gets the idea he can go on a hunger strike to get a wage increase?" Finally, after a Cabinet meeting devoted almost entirely to the issue, Begin agreed to meet a delegation of hunger strikers. When the Communists brought a motion of no confidence against the government, the issue sparked one of the most...
Liberal economists argue that fears of a too rapid recovery are overblown. Says Heller: "We have lots of headroom for expansion and no prospect of revived inflation for quite a long stretch ahead." Heller points out that wage costs, a central element of inflation, are still declining. Harvard Economist Otto Eckstein challenges the common assumption that the money supply is expanding too fast. He notes that M2 and M3, two broader measures of money that include various types of savings accounts, are growing within their target ranges. The narrower M1 figures, he adds, may have been distorted by the swift...
...With his new mandate, he seems as determined as ever to continue the struggle. "We must recognize that we are still far short of price stability," says the chairman. "In fact, inflation is only back to the pace of 1971, which was judged so intolerable at the time that wage and price controls were imposed...
...surprisingly, labor relations have also improved. Even though employees were due a 58?-an-hour wage hike this July, to an average of $8.53 an hour, they have agreed to forgo it because of concerns about competition. Labor leaders credit the 100 Club with keeping the company afloat and fostering a new atmosphere of cooperation with management. "Things have been tough," says Henry Sarrette, president of the local union. "But at least we are now in it together." Says Boyle: "I'm a little tired of all those Japanese success stories. What we've done here shows...