Word: wages
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Dates: during 1970-1979
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...pressure to amplify it. But there is little chance that the program will change substantially. With minor exceptions, Carter has been quite consistent in his economic pronouncements, and he pledges that as President he would follow steady, predictable policies, avoiding the sudden lurches−from a free market to wage-price controls and back again−of the Republican years. His major views...
...meat imports, higher taxes on certain consumer goods, and steep price hikes for such basic services as transportation and electricity. The Communists are afraid to advocate the one policy that many economists consider essential if Italy is to bring down its 25% annual inflation rate, namely, British-style wage restraints (see following story). The Communists also claim to be in the best position to reason with Italy's unruly trade unions, but many Italians doubt whether the P.C.I, has the necessary clout...
...further proof that it is gaining in its battle against Britain's destructive inflation, now running at an annual rate of about 13%. The often fractious coal miners' union voted to accept an agreement between the government and the leadership of the Trades Union Council to hold wage increases to an average of 4½%, or about $4.61 a week, for the year beginning Aug. 1. The 11 million members of the T.U.C.'s constituent unions are widely expected to ratify the agreement in balloting this week...
...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...
...longer committed to the U.S. economy, they invest a larger portion of their capital in other countries, particularly in Western Europe, and draw an increasing proportion of their profits from foreign sales. Equally importantly, they have begun to remove blue-collar jobs from the U.S. into low-wage "export platform" countries like Taiwan and South Korea, where the costs of production are many times lower than in the U.S. Twenty five per cent of the workers employed by the 298 global corporations listed by the Department of Commerce now are outside the U.S., while the manufacturing sector as a whole...