Word: wages
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Dates: during 1970-1979
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Kiely declined to disclose the maid's salary but confirmed that aside from receiving room and board she is paid minimum wage entirely out of the fund rather than his own pocket...
...report asks: Will money-supply growth be appropriate? Its answer: Yes. But that yes is based on Burns' target, not on actual performance, and some economists at the CEA are afraid that the Federal Reserve will not produce on schedule. That and the possibility of a wage explosion resulting from 1976's major round of labor-contract negotiations are the principal dangers to even the modest recovery the CEA foresees...
...King Juan Carlos had in mind. Early last week 3,800 workers in Madrid's rapid-transit system called an illegal strike, leaving the capital without subway service and causing giant traffic jams. The strikers demanded half of a recent fare increase as a $600-per-person wage raise. Thousands of workers in other industries staged sympathy demonstrations that police broke up with tear...
Part of the trouble came about because Franco in his last years did not live up to his parsimonious image. Eager to avoid social unrest, the dictator's economic counselors allowed officially sanctioned unions (sindicatos) to win wage increases-30% in 1974 and 28% in 1975-that far exceeded government guidelines. Spain's new Finance Minister, Juan Miguel Villar Mir, recently confessed to the Spanish Parliament, "In 1975 we created our inflation entirely by ourselves...
...Wage contracts affecting about 1.5 million workers expired at the end of the year, and in some major industries negotiations have been fruitless. Some of the biggest companies involved are strongholds of clandestine unions, which have been gaining strength and are sympathetic to Spain's equally illegal socialist and Communist parties. Last month the clandestine unions staged a general strike that idled more than 75,000 workers for two days...