Word: wages
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Dates: during 1970-1979
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...last). His goals are a 4% rate for both unemployment and inflation and a balanced budget by 1979. To expand the economy, he advocates more stimulative fiscal policies and speedier growth in the money supply. At the same time, he would ask for stand-by authority to impose wage and price controls on key industries if inflation threatened to get out of hand. To provide more effective planning of the national economy, Carter wants budgeting handled on a three-year basis. As he did in Georgia, he would put almost every Government program on a temporary basis, and every year...
Powerful, fractious and strike prone, Britain's labor unions have contributed heavily over the years to the sagging productivity and destructive wage inflation that have brought their nation to the brink of economic disaster. Last summer it took the threat of imminent economic collapse to win agreement by the unions to a voluntary limit on pay. This week Britain faces another crucial test of its ability to get labor cooperation in surmounting the nation's frightening economic woes. Leaders of the Trades Union Congress have set themselves a deadline of Wednesday for deciding whether to agree...
Giolitti said that economic recovery will require wage restraint, cuts in government spending, and heavier taxation. Italy also needs reforms in the social services and in the economic structures, he said...
Global Boycott. Firestone and the other companies protested that operations producing shoe heels or tennis balls face intense competition from nonunion factories, and could not afford to pay tire-factory wages. The U.R.W. may compromise on this point, but across-the-board raises are another matter. Just before the strike deadline, Firestone increased its wage offer by a dime, to a $1.15 hourly raise over three years, and offered a COLA that would be activated if the Consumer Price Index rose more than seven percentage points in any one year. Peter Bommarito, 60, the U.R.W.'s tireless, white-moustached...
Recently Merrill Lynch Pierce Fenner & Smith predicted that the U.R.W. would win a 41% wage-and-benefits increase over three years. If that happens, the brokerage firm calculates, tire prices will rise 6% this year and 3% in each of the next two years. The Interstate Commerce Commission last week approved a 6% increase in freight rates that truck lines had requested in anticipation of a fat Teamsters contract; the truckers are expected to ask for another 7% to 8% next year. The C.P.I, rose at an annual rate of only 2.4% in March, but nobody expects the rate...