Word: wages
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Dates: during 1970-1979
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...contends that the real trouble is a "one-shot" explosion in food, fuel and raw-commodity prices. Food and fuel accounted for about half the 11.8% rise in the consumer price index in the twelve months through July. The great danger, Heller believes, is that labor will demand huge wage increases to catch up with food and fuel prices, the pay boosts will push up prices of many other goods and services, and that will lead to still more wage demands. Budget cutting and tight money, he believes, could well bring on a deep recession without stopping this process...
Accepting Responsibility As a conscientious objector in the '60s, I was placed in a hospital darkroom developing X rays for two years, working just above minimum wage. For the same cause, a close friend spent six months in prison, leaving his wife and one-year-old child alone...
...naysayers did not take into account Eder's vision and nerve. He struck up such a close friendship with United Transportation Union Leader George Cahill that Cahill now sits in on P & W board meetings. Eder pays a flat, guaranteed annual wage of $16,460 to each of his trainmen, $4,640 a year better than the Penn Central pays, and he plans equal bonuses, regardless of salary. Eder, who earns $60,000 a year, will collect no more than an engineer...
...Houses have enjoyed ever since Radcliffe women and Harvard men have officially lived together. When the going got tough, CHUL hastily battened down, so South House will still be sexually balanced this year. Meanwhile, the Provisionals managed several minor storms, in addition to the never ending battle black students wage about the Afro-American Studies Department, the DuBois Institute and, most recently, a proposed Third World Cultural Center. This battle used to have an extra measure of significance because the Afro Department was the one Harvard department where the students' power was a reality. But the Faculty amended its original...
...Whyte to Washington in 1952 during Ford's second term in Congress: they golf together, their families have vacationed together, and Whyte's younger son Roger has dated Ford's daughter Susan. Whyte says that he and Ford are "pro-free enterprise." Among his opinions: new wage-price controls would hamper steel production; the U.S. should "close the gates" on exports of steel scrap (presumably because they tend to keep supplies down and prices up at home); it would be a "tragedy" if the U.S. reimposed an embargo on imports of Rhodesian chrome; and there is only...