Word: waged
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...Continental counterpart. The human tendency is to gauge compensation not by one's needs but by the relative pay of peers-countrymen, colleagues and neighbors. Many truck drivers last year earned more than $15,000, thanks to the Teamsters' knack of squeezing out the most in wage negotiations. Human nature being what it is, the average driver will naturally expect even more, especially if he happens to live next door to, say, a senior airline captain. The pilot's $45,000 top annual pay will climb to $57,000 when the jumbo jets go into service later...
Charles de Gaulle has staked his political prestige on maintaining the franc's parity at 20 U.S. cents, but devaluation may be difficult to avoid if, as is likely, French unions demand inflationary wage increases next month. One danger is that De Gaulle, if forced to devalue, might not stop at a reasonable 10% change in parity but insist capriciously on 20% or more. That would give France an enormous trading advantage, and force a competitive devaluation of other currencies. As David Rockefeller, president of the Chase Manhattan Bank, said in London last week, the franc...
These two supermarkets and an electronics plant are donig impressive things for the ghetto. Freedom Industries employs about 160 members of the community at a minimum wage rate for unskilled labor of $2.00 an hour. (The supermarkets still charge competitive prices, even with this wage increase over Purity, because of a 25 percent increase in sales since the Freedom Foods opening...
What other policies? Beyond the classic tools of high taxes, tight money, steep interest rates and restraint on Government spending, the most direct way to fight inflation without increasing unemployment would be outright federal controls on wages and prices. Paul A. Samuelson of M.I.T., a liberal economist, says that controls should be "saved for emergencies"; most officials shudder at their use under any. circumstances. In a letter to the Washington Post last week, Harvard's John Kenneth Galbraith argued for revival of the Johnson Administration's voluntary wage-price guideposts, "or something similar." Yet, as Johnson learned, such...
...theory that low-wage jobs are better than none at all, Neil Jacoby, a U.C.L.A. economist and former Eisenhower adviser, urges an easing of minimum wage laws to encourage employment of marginal workers. Ultimately, the best way of reconciling price stability with high employment is to increase labor productivity by means of expanded job training among the semiskilled and the unskilled. Thus Nixon's proposal for giving private enterprise tax incentives for ghetto job training could combat inflation at the same time that it helps serve other social needs...