Word: wage
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Dates: during 1980-1989
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...recovery. To improve British competitiveness in world markets, Brittan expected the government to encourage a fall in interest rates, as it did last week, in order to slow the rise of the pound on currency markets. Brittan said that a prolonged recovery will above all depend on keeping wage increases under control during the next few months...
...Chevalier's greatest worries is the disparity between French and West German wage settlements. He pointed out that while unions at Volkswagen accepted a 3.2% pay increase in 1983, Renault workers have won a 10% pay hike. Such a difference in wage contracts is likely to mean continued currency troubles between the two countries...
...describing the scene at last month's United Auto Workers convention, you noted that some delegates wore buttons declaring RESTORE PLUS MORE IN 1984. This attitude is self-defeating and will only ensure a further flight of jobs from the U.S. Gone are the days when wage increases could result merely from the passage of time. Raises must now be tied to worker productivity. American labor must also realize that in this era of expansive global trade, this country cannot sit back and simply wave the flags of protectionism...
...economy. We are beginning to win the battle against inflation. Our target of 12% this year is going to be met, and we could even go below that. But we must be careful not to punish business profits because wage increases are going to be above 12%. I am confident that next year we can come to an agreement with unions and industry on a target increase of 8%. We are also managing to stem unemployment, but this is probably due less to the merits of the government than to the fact that the industrial crisis has touched bottom...
Right now, one of the few things relieving some of the pressure on the Mexican government seems to be a widespread attitude of ni modo, a fatalist mood of "nothing can be done about it." Even labor unions are not optimistic about getting big wage increases. They had been asking for a 50% hike but probably will get only 20% at best, even though inflation has chopped the buying power of the average worker by 60%. Working union members seem happy enough just to have jobs. Two weeks ago, attempts to get a general strike off the ground fizzled. While...