Word: wages
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Dates: during 1970-1979
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...workers who produced McDonald's secret weapon, the 50-second burger, receive their share of the benefits. McDonald's has lobbied for years for a subminimum wage for the teenage workers who form the majority of its employees. And even some famous universities could take a lesson from McDonald's union-busting methods. Claiming no "outsider" (read: union) is needed to resolve labor-management conflicts, managers hold "rap sessions" with employees, ostensibly to understand their grievances. Actually, Hamburger Central directs managers to heed complaints only as a clue to which employees have unionizing sympathies. Tricky lie detector tests await...
...Chancellor of the Exchequer Denis Healey was fairly cheering that the pay raises his countrymen would receive in the year beginning Aug. 1 are "likely to be below those in probably all Western developed countries." Healey's seemingly perverse enthusiasm was not misplaced: his negotiations achieved a union wage accord that was a needed early triumph for Prime Minister James Callaghan's five-week-old government...
...bargaining is the first major challenge for new Prime Minister James Callaghan. His Labor government is pressing on the T.U.C. a novel proposal: accept another year of stringent wage restraint in exchange for a substantial cut in workers' income taxes. The government's plan, detailed by Chancellor of the Exchequer Denis Healey, calls for limiting pay increases to 3% (an average of $3.70 per week) over the twelve months starting Aug. 1. That is the expiration date for present voluntary wage controls, which limit all raises to ?6 (at present exchange rates, a bit less than...
...Wage Austerity. A tight limit on raises is a key element in the government's strategy to revive Britain's faltering industry without kicking up prices. In his first major speech since assuming office on April 5, Callaghan argued that a refusal by the unions to go along with the government's plan would mean "more unfairness, higher prices and more jobs lost." The government has been especially encouraged by the relative success of the current pay policy. When the program took effect last August, inflation was galloping ahead at an annual rate of 26%; today...
...Star, which has been losing $1 million a month, announced last week an agreement with ten unions for layoffs of 200 employees and a freeze on wage increases through Dec. 31, moves expected to save the paper $6 million a year. Also helping its fiscal picture is a 22% ad lineage increase over the first three months...