Word: wages
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Dates: during 1970-1979
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...staunch free-marketeer, Greenspan abhors wage-price controls, approves of a firm rein on money supply...
...June, Harvard wanted to negotiate a two-year contract with the printers, with the University's standard 5.5 per cent wage increase in the first year of the contract and a slightly higher increase in the second year. The printers wanted a one-year pact, with 10 to 14 per cent annual raises, but the union soon started to make a series of major concessions in bargaining sessions. First the GAIU accepted the idea of a two-year agreement and resigned itself to a 5.5 per cent increase in the first year, but asked for a 21.5 per cent increase...
...talked about them in more optimistic terms. Lewis concentrated his attacks on multinational corporations, which he described as the root of all economic evil. Stanfield, who in two earlier elections was defeated by Trudeau, claimed that the country's economy was in such grave trouble that immediate wage and price freezes should be imposed. That hardly endeared him to his more conservative supporters, and since the poor showing of such controls in both the U.S. and Britain, the proposal struck many voters as being unrealistic. But Trudeau chose to emphasize the country's existing strengths...
...costly, he complained that he had been hindered because Argentina had too many Jews on its economic team. Gelbard is a Jew. This conflict is expected to get worse as it becomes increasingly difficult to hold the line on Argentina's 30% inflation, especially after the recent wage hikes-some as high as 80% -for such groups as journalists, the military and police...
...concedes that a continuing spiral in industrial commodity prices-up 2.2% in June alone-"reveals the seriousness" of continuing inflation. Grove predicts that consumer prices in the second half of this year will shoot up at an annual rate of almost 10%, propelled mostly by a sharp acceleration in wage settlements...