Word: waged
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Dates: during 1960-1969
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...population ? had somehow struck at their government, either directly or by stopping work. The depth of discontent was clear to all, and it was only the fear of another convulsive round of riots that saved De Gaulle. In the process, he bargained away the wage curbs of the franc's stability, helping to precipitate the fiscal crisis that followed...
...industries met serious declines. Profits fell at Boeing, Lockheed Aircraft, LTV and American Can, among others. Steelmakers did not fare nearly as well as in early 1968. Aluminum companies, hurt by higher wages and other costs, have yet to benefit from price increases announced in January. Many of the airlines, weighed down by costly new wage contracts and heavy financing for new aircraft, are suffering...
...German farmers under the complicated Common Market price-support system, and Bonn's party leaders are worried about losing the farm vote. Yet a change in parity is almost assured by the vivid contrast between the mighty West German economy and the inflationprone French economy-menaced by excessive wage demands while handicapped by obsolete plants and an unfortunately anemic capital market. German Economics Minister Karl Schiller had hoped that his country's real growth would slow to 4.5% this year, but has lately conceded that it will run about...
...needs" two kinds of people--highly educated professionals to run and manipulate from high positions in government and industry, and workers of increasing skill to actually produce the goods for society. Being a capitalist, Calkins believes that the rewards should be distributed largely to the former group, and that wage increases must be fought...
...Japanese labor costs still account for a substantial part of the price differential between Japan-made cars and American or German products. Auto workers in Japan are paid an average wage of 6? an hour, compared with $2.42 in West Germany and $5.30 in the U.S. Moreover, industrial output per man-hour has been rising by 21% a year since 1960, while total labor costs have been climbing by only 11%. With such economic advantages, Japanese automakers have lately been able to snare a rapidly increasing share of the world auto market. Auto and truck exports rose 51% last year...