Word: waged
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Dates: during 1980-1989
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...Salinas, the challenge from the left is more bothersome than that of P.A.N., an electoral foe since the 1940s. A wage-and-price pact introduced in December cooled inflation to 1.9% in May, its lowest rate since November 1981. But the pact is fraying, and between the election and inauguration day in December, pressures will grow for populist measures. "Before there was no serious organized opposition to policies," said Castaneda. "Now P.R.I. is worried that a strong showing by Cardenas will change this...
...plant-by-plant basis. At present, only four of the firm's 26 mills are affected, a fact that mitigates IP's sense of urgency about settling. Before the lockout and strike, workers at the four plants were more or less happy with business as usual; at an average wage of $13.55 an hour, and with considerable overtime, some mill hands were earning more than $40,000 a year. But at several mills the company insisted on eliminating "premium pay," the double wage that paperworkers have traditionally received for Sunday and holiday shifts. In return for the concession, the company...
...purchase, but he asserted his power of paterfamilias. Says he: "I heard everybody out, and then I overruled them." Iacocca's acquisitiveness seems somewhat at odds with his opinion of what is wrong with corporate America: merger mania, for one thing. He excoriates raiders and corporate chiefs who wage expensive takeover battles, leaving companies bloodied and indebted. He also faults political leaders for shortsighted partisanship: "All we do is finger-point." He particularly chides President Reagan, whom he describes as a "warm and wonderful human being," but "totally incapable of focusing in on any issue...
Another factor in Ford's surge is a new spirit of cooperation between labor and management. Last September the United Auto Workers union, which represents 104,000 Ford employees, agreed to accept a contract that calls for a moderate average wage increase of 3% this year. The pact includes concessions by both sides. The union said it would help Petersen achieve his goal of creating more Japanese-style teamwork. In exchange, Ford agreed to a provision that bars the company from laying off workers in all but the sharpest of economic downturns. Says Ford Executive Vice President Philip Benton...
...strings, taking charge of the husband's paycheck and handing him back a small weekly allowance. If Gorbachev is to introduce price reforms and alter spending habits, he will need the cooperation of women. He has already eased in some reforms that should make life easier. The average minimum wage has been raised from $317 to $336 monthly, a change that benefits women primarily. Salaries have improved for some lower-paid professionals, among them teachers and doctors, who are mostly women. Moreover, many factories have added on-site banks, shoe-repair shops and even commissaries from which weekly food packages...