Word: wages
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Dates: during 1970-1979
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...bother to listen to the uninformed objections? Still, there are a few knowledgeable dissenters, including Erwin Chagaff of Columbia and Caltech's Sinsheimer. And, an analogy to another situation--decisions involving the military--shows just how flawed this logic is. After all who knows more about how to wage war than the generals, and yet recent experience tells us that the generals, so itching to launch their projects, need to be regulated by others who can exercise better judgement in the public's favor...
...Marxists and New Left historians rarely questioned. To summarize and hopelessly simplify, Commons theorized that unions were economic institutions founded by workers in response to their loss of control over local markets due to rapid industrialization and specialization. Craftsmen's local markets and skilled laborers were threatened by competition, wage cuts and exploitation. Trade unions met these threats, according to this theory, through attempts to regain control over just the labor market. Commons's theories have met with much criticism by historians, particularly for their failure to anticipate unionization outside craft and skilled labor industries, that is, in mass-production...
...major affirmation of states' rights, the court voted 5 to 4 to strike down federal regulations that applied minimum wage and overtime rules to state and local government employees. Dissenters called the ruling a "catastrophic judicial-body blow at Congress's power under the commerce clause" of the Constitution. But the majority, in deciding to limit that power for the first time in nearly 40 years, thought that if the federal rules prevailed "there would be little left of the states' separate and independent existence...
...hatful of standard Democratic remedies: some undefined programs to improve labor productivity and the abolition of Government regulatory restrictions that keep prices high, such as a present rule that forces many trucks to return from hauls empty. Finally, Carter says he will ask for standby authority to impose wage-price controls, but thinks he will "never" have to use it. Instead he proposes that the Government "effectively monitor excessive price and wage increases in specific sectors of the economy"−apparently implying a type of jawboning exhortation familiar from the Kennedy and Johnson years...
...should grant aid without strings to the Portugese Socialist government, which should form a coalition with the Communists as a way out of its present impasse. The economic crisis in Portugal can only be resolved through attracting foreign capital and through some measure of sacrifice--in terms of wage gains--by Portugese workers. But most Western capital, particularly American loans and credit channelled through the World Bank and other agencies, has strings attached: the 'stabilization' of the nation, meaning an end to strikes, enforced wage cuts, and higher prices making revenues for a revived private industrial sector. Aid under such...