Word: waged
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Dates: during 1970-1979
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...this, the key requirement imposed by Congress is the contribution from Chrysler's workers. Although its blue-collar employees have already agreed to forgo expected wage increases amounting to $203 million in the next three years, Congress insists that an extra $259.5 million be cut. This will force Chrysler and the United Auto Workers to renegotiate the contract that they concluded in November. Said Senator William Roth, the Delaware Republican: "Our proposal would have to be ratified by the workers. Ultimately, it is up to them." White collar employees will also be hit; their wage packages...
Although President Carter will face tremendous political pressure during election year to curb prices, board members felt that he would not try to impose mandatory wage and price controls, and that any attempt to do so would be disastrous. With the exception of Beryl Sprinkel, who figured that there is almost a 50% chance that the President will go for controls, most board members gave that prospect only a 20% to 40% chance. Carter first would need congressional authority and, as the debate raged on Capitol Hill, businessmen would rush to raise prices to get in under the wire. Further...
People in certain fortunate industries and regions will probably avoid adversity, as they did in 1979. Those in the Southeast generally did well because the region's beneficent climate and low wage rates continued to attract business. The Southwest surged because its oil and natural gas were in heavy demand. Farmers in the Midwest grain belt and the far West prospered, largely because a hungry world increased its call for what America produces best: food. Average farm incomes increased 117% from 1970 to $23,263 per family in 1978 and are higher now. The region that fared best...
Reporter-Researcher Sara Medina, who helped report the cover story, and Nancy Griffin, who wrote the section on cold-weather fashions, wage their battles to keep warm in New York City apartments. "Undershirts are the answer," advises Griffin. Medina has found a radical solution to the high cost of fuel. Says she: "We don't use the stuff." For the past six winters, Medina and her husband have made do with the 60° to 65° provided by a fireplace, southern exposed windows, weather stripping and heat from surrounding apartments. Says she: "We discovered the layered look...
...bill now goes to the full Senate, where it will face some fierce lobbying. Douglas Fraser, the president of the U. A.W. and a director-elect of Chrysler, protests that a wage freeze is ridiculous. Still, the freeze seems to have a good chance of passing. Even if it fails, the Senate bill will differ markedly from the Administration-designed aid package soon going before the House. There is not much time to resolve the differences. Congress aims to recess by Dec. 21, and probably will not convene before Jan. 22. Chrysler has warned that if it does...