Word: wages
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Dates: during 1970-1979
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...soon as war is declared, they promise great rewards to anyone who will kill the enemy's king, and smaller (but still very great) rewards for killing those whom they regard as most responsible after the king for plotting aggression against them . . . Though this manner of waging war . . . may seem like cruel villainy . . . it is considered by the Utopians as a wise and praiseworthy policy, since it enables them to wage great wars without any battle at all. They even think themselves humane and merciful, because by the death of a few bad men they spare the lives...
...months Prime Minister Harold Wilson has cajoled, wheedled and haggled with Britain's powerful labor unions in a vain effort to stop their rampaging wage demands. The basis of his policy was the "social contract," a formal deal (although never written into law) between the government and the labor unions. The government would deliver social welfare benefits in exchange for voluntary restraints in pay settlements. Purpose: to keep workers abreast of-but not ahead of-inflation...
...range for the rest of this year and next year -because so much slack will still remain in the economy. With production running well below capacity, businessmen will be reluctant to post egregious price increases; with unemployment sticking high, few union leaders will cry for outrageous wage rises...
...American power. Recent developments in Indochina have obviously heightened the possibility of the North Korean Communists' provoking a war by miscalculation. The North Koreans could launch an all-out attack, but that is not feasible without help from Red China or the Soviet Union. They could also wage a limited war for limited objectives: a thrust across the DMZ, an attack on the five islands in the Western Sea, or the infiltration of guerrillas and subversives. On Jan. 21, 1968, they tried to attack the Blue House. Since that time, they have changed their tactics-digging tunnels, sending...
Morale Crisis. TWA's troubles began reaching the acute stage in November 1973, when 5,200 flight attendants struck, mainly for higher pay, and management stubbornly took a six-week walkout before signing a new contract for a 13.5% two-year wage and benefit increase. Ever since, the morale of flight attendants, a critical factor in marketing, has suffered, and TWA has never regained its prestrike share of the air-travel market. Lately, with Wiser in charge of operations, management has asked pilots, whose average salary is about $40,000 a year, to take a 10% pay cut, pointing...