Word: wages
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Dates: during 1970-1979
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...some tax cuts for lower-and middle-income taxpayers, with part of the revenue loss to be offset by higher levies on the oil industry. One big question: Will Congress cut taxes without voting Ford the authority, which he says he does not want, to impose at least limited wage and price controls? Probably not. He is likely to get that authority -and he may well have...
...Appalachia and elsewhere picked over the tentative coal settlement last week, formal deliberations ran into deep trouble in Washington. The bargaining council of the United Mine Workers voted by 38 to 1 to send the pact back to negotiators for more-much more. Already the settlement calls for wage-and-benefit increases exceeding 50% over three years. But council members sought a bigger pay raise next year than the negotiated 9%, as well as the right to strike over local issues. They also wanted a reinstatement of the traditional two-week vacation period, which had been split into single weeks...
Meanwhile, strike fever seems to be spreading. Some 16,000 members of the Amalgamated Transit Union last week struck Greyhound bus lines. The union seeks an increase of 600 an hour above the current average wage of $5.76. Many of Greyhound's passengers were left stranded by the strike. Countless students and other travelers heading home for Thanksgiving found it hard to find space on crowded trains, planes, and nonstriking bus lines...
Last week, in the middle of the most important contract talks of the year, the 120,000-member United Mine Workers went out on strike and quickly won one of the fattest settlements in labor history, a 50% raise in wages and benefits over three years. In the light of labor's understandable frustration with both inflation and recession, the increase could well set a new high goal for other unions to shoot for, with grave consequences for the economy and the nation. Last year most unions were accepting wage-and-benefit increases of little more than...
Giscard sees inflation, currently running at about 15%, as the key threat. Polls show, however, that most Frenchmen worry more about job security. The President has argued that giving in to the strikers-the postal workers are demanding across-the-board wage increases of about $43 a month-would amount to capitulation in the struggle to control inflation. Millions of Frenchmen fear that allowing the strikes to continue could lead to a slump and inevitable layoffs...