Word: waged
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Dates: during 1970-1979
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When you get right down to it, the underlying reason for our inflation is the continuing popularity of across-the-board wage increases and massive Government spending. The latter supposedly comes "free" via the trickery of deficit spending. I am very much afraid that our politicians, and perhaps also our economists, haven't guts enough to face up to this dilemma...
...students will be willing to reject high-salaried job offers when the alternatives involve a sizeable, long-term debt. The Law School should begin to address this issue by institutionalizing a wage fund for graduates in low-paying jobs, to which alumni with high incomes could agree to donate a percentage of their salaries...
...against the Palestinian guerrillas and chase them to their northern sanctuaries. But by midweek, as United Nations peace-keeping forces began to arrive, it was clear that the Israeli incursion, while killing more than 2,000 Arab civilians, had not damaged the Palestine Liberation Organization's ability to wage guerrilla...
Taken together, these scarcely add up to a comprehensive program, let alone a draconian one. But most could be useful first steps. Economic advisers figure they would also give Carter moral authority to make a renewed plea to labor and business for wage-price restraint...
...variety of actions to curb the Government's own role in promoting inflation. The politicians, however, persuaded Carter to do nothing, at least until he returns on April 3 from Africa and South America. Meanwhile, the Senate last week passed a farm subsidy bill that the Council on Wage and Price Stability (COWPS) condemned as "one of the most inflationary actions of the Federal Government in recent years." The council estimates that the law could further push up retail food prices anywhere from 2% to 5% next year...