Word: waged
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Dates: during 1970-1979
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...Callaghan has plenty to fight back with. Last week the Prime Minister reaped a substantial political bonanza with some favorable economic news. Britain's mine workers agreed to go along with the government's 10% limit on wage increases; the pound, already surging, rose another half a cent; and key Labor economists projected a drop in the inflation rate (13% in November) to 7% by July. One pollster believes that the party may also pick up a large block of new votes in the next election from the traditionally apolitical Asian immigrants. His prediction: "They are going...
...during the years 1910-14, when prices and costs were thought to be in reasonable harmony. Farmers, however, define parity differently, and much more simply: "It is a return on our labor in relation to our cost," one man said last month. "Parity is kind of like a minimum wage," another explained. This discrepancy between definitions may be part of the problem...
...basic decision lay in Washington, where the U.M.W. at week's end was studying the latest contract proposals from the mine operators. The main terms: a wage boost of more than 30% over three years and a guarantee of health and pension benefits in exchange for a union labor stability agreement. Some observers predicted that a settlement was imminent, but even if it did come soon, U.M.W. members would still need ten days or more to ratify the contract, and that ratification was by no means certain...
Lucretia Hudzinsky, New England director of the UFW, said yesterday, "The emphasis of the UFW will now be directed towards making growers negotiate with the union on specific proposals for pension plans, medical benefits and wage improvement...
...anti-inflation program focusing on what sounds like the mildest kind of presidential jawboning. The White House will attempt to knock half a percentage point off the inflation rate (6.5% to 6.8% in 1977, by various measurements) by urging union leaders and corporate executives to hold wage and price boosts below the average for the past two years. To that end, Administration officials will try to convene informal panels of labor and corporate bosses to work out wage-price goals for specific industries, bearing in mind that some will need bigger increases than others. Said Carter firmly, and to much...