Word: wages
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Dates: during 1970-1979
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...unions have done well at the bargaining table so far--in the winter, two signed for wage increases of 7.6 and 8.5 per cent, with additional bonuses for late-shift work. The negotiations are still going on, with the University Police and the dining hall cooks...
...author also would have the Government ensure that every working American earns the equivalent of about half the national average income, or between $6,000 and $7,000. One way to accomplish that goal, says Okun, would be for all workers earning the $2.10-an-hour minimum wage to get a subsidy of half that much from Washington...
...because the government has bought control of companies that otherwise would go under because of the recession and credit squeeze. The objective seems to be to keep them in business at almost any price. Labor unions that became restive during the belt-tightening period are again pressing for hefty wage increases, threatening the competitiveness of Italian exports. Still the government, having restored Italy's international credit, now feels able to pour at least $26 billion in the next four years into the economy to revive investment that stagnated during the credit crunch. Last week the Bank of Italy...
During the last quarter of 1974, Canadian wage boosts averaged 17.2%, more than twice the typical American raise during the same period. Pacts signed so far in 1975 have provided increases ranging from 29% to 80% over the next two years or so. The increases have forced up the price of some exports and consequently reduced their competitiveness in foreign markets-a serious matter for a nation that depends on exports for 30% of its gross national product. And the walkouts have been crimping the economy directly. Last fall, for example, grain handlers on the west coast around Vancouver struck...
Federal response to the labor troubles has been ineffective. "This country has done nothing to give anybody the impression that restraint was really necessary," says Carl Beigie, a member of TIME Canada's Board of Economists. Finance Minister John Turner has proposed a "consensus approach" of voluntary wage controls, but it has been turned down by the Canadian Labor Congress. Compulsory wage and price controls were rejected wholeheartedly in last summer's election by the victorious Liberal Party campaigners. In any event, the government has not set a good example: last month both houses of Parliament voted...