Word: wages
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Whitlam's mistake was to wage his campaign chiefly on the issue of his ouster. He claimed that the future of Australian democracy required that he be returned to office to void the Governor General's "legal coup d'état." In a brief paroxysm of rage over Kerr's action, strikers shut down slaughterhouses, construction sites and steelworks all over Australia. But before long, Australian voters decided that Whitlam's firing was not the main issue after all. Opinion polls showed that voters were more concerned about bread-and-butter issues-inflation, industrial unrest...
...slums of the Third World, a daily battle against hunger, disease and the elements is waged, and it is much the same in Rio's favelas as in Calcutta's bustees. The hopes and aspirations of the poor are almost pitifully simple: a living wage, a decent dwelling and a school for their children. And yet for so many these basic amenities are out of reach. TIME Correspondent Wilton Wynn visited a cotton-growing region in the Nile delta some 80 miles southeast of Cairo, while Bernard Diederich talked to the inhabitants of a slum in Mexico City...
...bigger threat is the possibility of a new wage-price spiral. Only 2.5 million workers were covered by contracts that expired in 1975, but 4.4 million will have major contracts coming up next year, including negotiations in four major industries: autos, trucking, electrical equipment and rubber. Workers' purchasing power has eroded over the past two years because wage boosts have not kept pace with price hikes. Between January 1973 and July 1975, the consumer price index rose 27.1%, but average hourly earnings of workers in nonagricultural jobs increased only...
Cautious Policy. Nathan, whose consulting firm advises many unions, reports that "the attitude on the part of labor is pretty sour and pretty frustrated." He fears that unions will push for inflationary wage boosts, and he may be right. Last week the Teamsters Union was talking about demanding as much as a 50% increase for truckers over three years. Mechanics struck United Air Lines; the line canceled all flights through Christmas Eve. Other members of the Board of Economists, while granting that there is danger of a wage-price spiral, think it can be avoided. Some reasons: unemployment will still...
Democrats on the Board of Economists-Heller, Okun, Pechman, Nathan-argue that inflation could be most effectively restrained by Government pressure on industry and labor to pursue moderate price-wage policies, leaving Washington free to stimulate the economy more through tax cuts, federal spending and faster money-supply growth. But they have no hope of changing President Ford's mind. They expect him to present a budget for fiscal 1977 of $395 billion, or $28 billion less than if no effort were made to hold down spending, and to resist further tax cuts not tied to such a spending...