Word: wages
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Dates: during 1970-1979
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...says. "Those fellas can be mean. They used a blowtorch on me. That's the first time George Meany has ever talked to me that way." Then comes a typical Carter afterthought: "Tough, but polite. I listened, but I don't think I satisfied them. The minimum-wage bill has labor mad. The farm-price-support bill has the farmers mad. Pretty soon we're going to announce the energy policy-and everybody will...
Gathering his new team for the first time late last week, Giscard outlined the tasks of the new government. The top priority, he said, remains the battle against inflation (currently running at over 8%). That means a continuation of Barre's austerity measures, including tight credit and wage restraints. Giscard also proposed a specific "program of action" for the next twelve months to find ways to help the aged, economically depressed families and unemployed youths. Meanwhile, the leaders of the majority parties will draw up a specific platform that would be matched point by point against the left...
...France's trading partners, it is bound to flare again in France. At the same time, the French trade unions, notably docile during the past two years, have been encouraged by the leftist electoral successes. They have announced a major onslaught on the government to win another 15% wage increase this year...
...failed to produce the anticipated quo. The House, in a stunning rebuff to the unions, last month rejected the common-situs picketing bill, which would have allowed one striking union to shut down an entire construction site. The same week, the White House came out for a $2.50 minimum wage-50? less than the AFL-CIO had demanded and only a 2? increase over the present minimum. "Shameful," spluttered Meany...
President Carter has pledged to announce a "comprehensive" anti-inflation program, probably next week. Indications are that it will stress voluntary cooperation by business and labor in restraining prices and wages. But business is still jittery about potential wage-price controls, which could hold down the profits from new plants. Many executives seem convinced that Carter will resort to them if inflation gets out of hand, despite repeated Administration assurances to the contrary. Says a White House economist: "No matter what Carter says, businessmen still think he's going to turn around in twelve months and slap on controls...