Word: wages
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Dates: during 1970-1979
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...taxes are brought under sufficient control to encourage private investment. Meanwhile, he favors a number of innovative ideas-like factoring inflation into the income tax code-to protect families of modest means. Says Buckley. "I'm the person looking out for the interests of the taxpayer and the wage earner. If people want a change, they should vote...
...accepted high government positions. In foreign policy, the list includes former U. N. ambassador Daniel P. Moynihan, and presidential advisor McGeorge Bundy, architect of the U. S. strategy in Vietnam. Similar connections exist in domestic social and economic policy. As Secretary of Labor, John Dunlop designed and administered a wage-price freeze that somehow was a lot better at holding down wages than prices, and Moynihan was one of Nixon's main advisors on domestic affairs...
Throughout the strike the university consistently refused to submit the matter to binding arbitration, consistently refused to involve students in open discussions of the matter, and consistently refused to yield on wage demands until after the embarrassing arrests. Further, the university attempted to break the union by keeping a non-union dining hall open during the walkout; students sympathetic to the strike but unable to afford weeks of off-campus meals, were forced to cross picket lines. During a similar strike at the University of Pennsylvania last year, the university closed its dining halls and paid students...
...greater importance is the potential damage to the labor organizing in this industry if the strike is broken. Natonally, union organizing has been sluggish. Other electronic firms and their employees are watching the Cambion strike closely. The relatively new industry, with its low wage levels is almost entirely non-union. If UE Local 262 succeeds in negotiating a fair contract, fellow employees in the industry will be encouraged to organize, and management will be far more likely to cooperate. But if the strike is broken, unionizing will suffer...
...week's sell-off was attributed mainly to the perception of international bankers and investors that Callaghan's Labor Party government, split between warring radical leftists and moderates, was less serious than it professed to be about applying stringent policies for controlling inflation. Those policies -among them wage and price controls -were effective up to a point; the rate of inflation has been slowed from 23% a year ago to 13.8% now. Also, Healey has announced ambitious plans for even more cuts in the 1977-78 budget...