Word: wages
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Dates: during 1970-1979
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...curbing inflation. Though Businessman Carter champions the free enterprise system and is more of a fiscal conservative than many Democratic politicians, he would intervene more actively in the economy than Ford has done. He seems willing to support limited job-subsidy programs, more spending, easier money, and stand-by wage and price controls should inflation threaten to run away again...
...professor, Barre is highly regarded in academic circles for his textbook entitled Economic Politique. Giscard called him "the best economist in France and therefore the best man to fight the inflation." Barre is expected to initiate spartan economic measures, like higher interest rates and guidelines limiting price and wage increases, in an effort to restore monetary stability. To that end, he reserved the Economy and Finance portfolio in the Cabinet for himself. On the foreign front he is likely to echo Giscard's cordial internationalism, particularly toward the U.S. and the Common Market, in contrast to Chirac...
...into layoffs or shortened work weeks. British Leyland, for instance, fears the loss of as many as 1,000 jobs at a parts plant outside the Welsh capital of Cardiff. With unemployment at a postwar record of 1.5 million (6.4%), any further increase could jeopardize the government's wage-control agreements with organized labor. Len Murray, Britain's top union leader, warned last week that unless the jobless rate was quickly cut, there would be "a rapid growth of support for radical changes in the government's policies," a threat that could come true next month when...
Actually, the betting in Detroit continues to be that there will be no strike, or at worst a very short one. The U.A.W. is concentrating this year on greater job security and a larger supplemental unemployment-benefit fund, rather than on wage boosts. Such preoccupation reflects the auto workers' experience during the recent recession, at the bottom of which 275,000 were on layoff. Woodcock even hinted last week that he might keep workers on the job without a contract if agreement has not been reached by Sept. 14, but seems close...
...line to create a more stable jump rope that is resistant to twisting and swaying. Two years ago, he borrowed $30,000 and recruited family and friends to begin turning out ropes in volume. Today Hinds fills monthly orders averaging 200,000 ropes, all made-for a 23? piecework wage-by physically and mentally handicapped people recommended by seven "opportunity centers" in Madison. Hinds nets a neat $1 per rope, so his profits are running at about $2.4 million a year...