Word: wages
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Dates: during 1970-1979
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...WAGE AND PRICE GUIDELINES: "I am opposed to controls. I am opposed to any action on that front because I think it's a bureaucratic nightmare that does more harm than good, and interferes in the free-market mechanism. I do believe some general goals of where we would like to see the economy go are a desirable thing...
...largely his testimony that brought about the drastic revision of the Humphrey-Hawkins bill, which would attack unemployment by making the Government the employer of last resort and which he considered inflationary in its original form. He has also argued for some form of jawboning as well as wage and price guideposts to help control inflation. Whenever possible, however, he prefers to let the private sector work by itself, free of Government restraints. In fact, while Schultze remains every bit the zealous social reformer that he was as Lyndon Johnson's Budget Director, he has lately been preaching...
...CONTROLLING INFLATION: I have no magic answer for how to reduce the inflation that accompanies full employment. But there are a series of steps each of which could contribute: There should be continued emphasis on programs to make unemployed youths [who can be paid low wages] more qualified for the mainstream job vacancies that appear. Substantial action is needed to deregulate areas of the economy where government stifles competition and holds up prices. Transportation is a key example. Actions that reduce the competition from imports should be avoided. Most important, we need an income policy. It cannot be across...
...economic forecast is in part a political forecast−but when a new Administration is about to take power in Washington, politics becomes absolutely dominant. For the past eight years, Republican policymakers under Presidents Nixon and Ford have tried everything they could think of−from laissez-faire to wage-price controls−to grapple with the problems of production, prices and jobs. The results, as the Republican era ends, are decidedly mixed. After starting 1976 on a strong recovery from the worst recession since the 1930s, the U.S. economy is now faltering. True enough, a record 88.1 million Americans...
...President (1961-64); of a heart attack; in the Argentine province of Corrientes, where he lived in exile. A prosperous cattle rancher and lawyer, Goulart first gained prominence as Brazil's Labor Minister, a post he lost in 1954 after unsuccessfully promoting a 100% increase in the minimum wage. His presidential term was marked by controversy and disorder as he tried to lead his country on a leftist course amid economic crisis. The conservative armed forces, actively supported by business leaders, ousted Jango...