Word: wages
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Dates: during 1970-1979
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...program, the Democrats offer more dramatic alternatives: mandatory petroleum allocations, higher gasoline taxes with rebates in hard ship cases, steeper excise taxes on pleasure crafts and high-horsepower auto mobiles, gasoline and home-fuel rationing. The Democrats also propose establishing a new, independent agency to replace the Council on Wage and Price Stability. The agency would be empowered to issue subpoenas, hold extensive hearings, delay price increases and in selective cases impose controls...
...Times is one of the few journalists whom academics respect as an intellectual in the field. The Times's Soma Golden and the Washington Post's Hobart Rowen have both done consistently fine work. Peter Milius of the Post recently explained with clarity the relationship between inflation, wage changes, productivity and unit labor costs-rather basic stuff, but necessary to educate a painfully ignorant public...
...where workers are being laid off and salaries are being frozen because of diminishing energy resources. The cost of living raise--the most equitable sounding measure of the three--should not be granted because no similar raise has been guaranteed the tenants. As long as there are no federal wage, price or profit controls, raising rents is like instituting wage controls without price or profit controls...
...healthiest sales cities was Pittsburgh, where Christmas week retail business was a solid 33% greater than the year before. The prime reason is that steel-industry demand and employment remains strong, and steelworkers have been protected against the erosion in buying power that afflicted most other wage earners in 1974 by the cost of living escalators they won in their union contracts early last year. Says Lawrence Finley, a local Gimbel's executive: "Psychologically, the attitude here is bullish. Even the Steelers are winning...
...despite the differences between Vietnam and the Mideast, one issue is the same: whether the people of the United States will permit their government to wage war to maintain a capitalist Western economic system that must use some 80 per cent of the world's wealth to sustain itself, at the cost of misery and political repression in the non-industrial world...