Word: waged
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Dates: during 1970-1979
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...Congress is expected to approve a stop-gap hike in taxes for both employers and employees. Welfare reform is coming under increasing attack from groups that feel threatened by it. Labor, for example, is worried that the creation of 1.4 million public-service jobs at the $2.30 minimum-wage level will have a depressing effect on wage scales around the country...
...seven-year term. He urges Mitterrand to form a government that would include politicians who are not members of the leftist union. Mitterrand refuses, archly citing "a clear and precise contract" to carry out the left's common program-which calls for sweeping nationalization of private industry, big wage hikes and increased social benefits. Mitterrand, forming his Socialist-Communist Cabinet, appoints Communist Georges Marchais Minister of the Plan, a new post created to oversee the economy. President Jimmy Carter sends Andrew Young to Paris to find out what is going...
Congress has been considering a proposal to reduce the minimum wage for all teen-agers to 75% of the adult minimum, but that might just inspire employers to hire well-schooled middle-class youth at the expense of older workers. A better compromise, suggested by Harvard Economist Martin Feldstein, would be for the Government to subsidize minimum-wage payments to the youthful unemployed. Directed specifically to the underclass, the program would allow businessmen to pay a fraction of the cost for jobs that they might otherwise refuse to fill. Another wise Government investment would be to shift some federal funds...
...which is aimed at longtime welfare mothers, ex-drug addicts and ex-convicts in 13 cities. Started in New York City in 1972, the program caught on in such cities as Atlanta and Oakland, Calif., and now enrolls 3,000 workers nationwide. It provides employment at about the minimum wage under rigid job discipline. After a year or so, managers help participants find private jobs...
...fare in Geneva after a three-day meeting of the International Air Transport Association, the industry group that sets fares charged by most scheduled overseas carriers. IATA'S officials were pleased that the organization had moved swiftly enough to avoid a messy price war among members-and wage it instead with Laker...