Word: waged
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Dates: during 1970-1979
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Carter has concluded that he has made many of his mistakes by ignoring his instincts and compromising instead of standing firm. As an example, his aides point to his reluctant backing of the generous minimum wage law. Not only did it fuel inflation and anger business, but it failed to win much gratitude from union leaders. The tougher "new" Carter has also been taking on Congress publicly, attacking it-accurately enough-for being slow, unresponsive and susceptible to pressures from special interests...
...deal was bracing news not only for the postal workers, who generally expressed satisfaction with the terms, but also for Jimmy Carter. At long last, the White House could claim its first credible victory in the struggle to curb spiraling wage settlements. Big Labor's earlier successes in winning 10% or more in annual pay increases are threatening to push up still higher the nation's inflation rate, which is once again in double digits...
...contract provided scheduled wage rises of about 10% over three years, 10% more in cost-of-living increases, and pushed the average pay of postal workers to a level of $7.58 an hour, vs. $5.62 for private nonfarm workers...
While Jimmy Carter was waging his diplomatic offensive in Europe, his home front troops continued to lose ground last week in the campaign against inflation. Barry Bosworth, chief of the Council on Wage and Price Stability, repeated that inflation will not be slowed until pay increases in major union settlements decline to 7%, from 10% in recent contracts. But 13 railway unions were busy wrapping up a much richer pact...
Once again, Administration officials tried to say that this labor settlement would be an "exception," because they got into the rail negotiations only after most of management's offers were already on the table. In fact, the talks had been going on for ten months before the Wage and Price Council began to preach moderation. Bosworth, speaking with a refreshing candor that may start getting him into trouble, said the Administration had "fumbled," adding, "This negotiation is one that got away from...