Word: wages
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Dates: during 1970-1979
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...figures, the national crime rate is soaring: up 6% in 1973, up 15% in the first three months of this year. In Orange, Calif, (pop. 83,900), the statistics reflect a refreshing change. City Manager Gifford Miller has a ready answer: Orange's pilot project of anticrime wage incentives for its 118-member police force...
...expected, there were strong differences about what Administration policy should be, especially in regard to wage-price controls. There were also surprisingly broad areas of agreement. The experts generally believed that under present conditions prospects for prices and growth are dismal, but not yet desperate. There also was a near consensus that the Government must ease its tight rein on credit if the U.S. is to avoid the risk of a deep recession...
...economists' minisummit this week, Heller will propose a wide-ranging program featuring a Government wage-price agency that could subpoena company and union records, order large increases suspended while it held hearings, and even roll back "really flagrant" boosts. Other Heller ideas that are widely backed by liberals include: an immediate easing in Federal Reserve monetary policy to head off a recession; credit controls to channel more loan money to home builders and buyers and small businesses, less to speculators; a huge Government program to hire the unemployed for public-service jobs; tax cuts of $6 billion...
Federal Reserve Chairman Arthur Burns and Presidential Counsellor Kenneth Rush favor more Administration "jawboning" against big wage and price boosts. President Ford himself asked for and signed into law last week a bill creating a new Council on Wage and Price Stability, headed by Rush, that will monitor increases and decry those that seem excessive. It has no subpoena, suspension or rollback powers, but these could be added if the council proves ineffective. A surprising number of economists, ranging ideologically from Joseph Pechman, a former adviser to George McGovern, to Milton Friedman, onetime adviser to Barry Goldwater, predict that Ford...
...players say they want to be treated like ordinary people. But they're not ordinary people. How can you compare a $100,000-a-year football player with an $8,000-a-year wage earner...