Word: waged
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Dates: during 1970-1979
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...narrow margin.) Social democracy accepts a multiparty political system and believes in gradual, peaceful means of reaching its socialist goals. In practical terms, this has meant that social democrats have concentrated more on alleviating what they regard as hardships created by capitalist economies (unemployment, salary and wage inequities) than on directly restructuring societies according to a collectivist blueprint...
...have the fewest economic problems among Marxist-Leninist states. It also has the least rigidly controlled economy in Eastern Europe, although Hungary is also testing innovative ways. Much Yugoslav economic planning and management has been decentralized. Initiative, hard work and quality output have been rewarded with generous bonuses and wage hikes. As a result, Yugoslav plants vastly outperform the state-owned enterprises in most other Communist-ruled countries. They also turn out an abundance of consumer products that make Belgrade, Zagreb and other large Yugoslav cities look more West European than Balkan...
...allowed, within discreet limits, to compete with one another on price and delivery dates. As an incentive for managers and employees to design, manufacture and market high-quality goods, the party's economic planners often use an old capitalistic ploy: material rewards in the form of bonuses and wage hikes...
...based mostly on friendly persuasion, is so weak and ineffectual that even White House insiders mock it as "wishboning." That is a category of soft talk inferior even to the old "jawboning," which other Presidents used?with distinctly mixed results ?in the crusade to hold down wage and price rises...
...During Phase II of President Nixon's economic stabilization plan, from October 1971 through December 1972, wage increases were limited to 5.5%, price rises...