Word: wages
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Dates: during 1970-1979
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...Kulesza, business manager for the engineers' union, said yesterday that the university does not want to give in to the wage demands "because they are scared to death that their clerical people are going to organize. They're afraid they'll have to turn around and give a raise to the clerical workers...
Confronted by these myriad economic woes, Trudeau last week felt he had little choice but to opt for controls. Scarcely a month ago, popular Finance Minister John Turner focused public attention on the issue when he gave up trying to win support for voluntary wage-price restraints and quit the Liberal Cabinet. His replacement, former Energy Minister Donald Macdonald, was promptly handed two choices by ministry staffers: an outright 90-day freeze on all wages and prices, plus other rigid measures-the policy advocated by the Conservatives-or a program of selective controls combined with cutbacks in federal spending. Macdonald...
Campaigning in last year's national election, Canada's Liberal Prime Minister Pierre Trudeau scorned his Conservative opponents for advocating "rigid and cumbersome" wage and price controls to slow inflation. Last week, in a Nixon-like about-face, Trudeau announced that he will clamp selective controls on the Canadian economy. In a 20-minute nationwide radio and television address, he called for an 8% ceiling on wage increases and a freeze on nearly all prices-they will be permitted to rise only enough to cover increased production costs. To enforce these restraints, an 18-member review board will...
Trudeau's sudden turnaround is a clear admission that the milder medicine he championed during the 1974 election campaign has failed. Although the government has urged business and labor to hold down price and wage hikes voluntarily, inflation in 1975 has run at a discouraging compound annual rate of 12.7%, and government economists have predicted that it could reach 16% by year's end. Wage increases have averaged almost 19% yearly-twice the U.S. rate-even though more than 7% of the work force is unemployed. Moreover, Canada has been plagued by more work stoppages than any major...
...Macdonald plan is aimed at cutting inflation to 4% in three years, but it plainly faces formidable obstacles. It covers less than 50% of Canada's work force, exempts key industries such as agriculture and fishing, and is opposed by the powerful Canadian Labor Congress. Moreover, it permits wage boosts up to 12% for workers who have been unable to catch up with past increases in the cost of living. To be effective, it will clearly need strong support from the frequently independent-minded governments of the nation's ten provinces. In addition, it is markedly different from...