Word: wages
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Dates: during 1970-1979
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...Chairman Arthur Burns pledged in unusually strong terms to pursue that policy-even at the price of further hurting the sliding housing industry. Now, in opposition to the Administration line, a two-pronged Democratic counter-strategy is taking shape. Democratic legislators are moving to 1) continue (or revive) limited wage-price controls to check inflation, 2) cut taxes in the hope of heading off a recession...
Under present law, wage-price controls will die this week; and until recently congressional Democrats, under pressure from big labor, appeared willing to let them expire without a fight. But last week Adlai Stevenson III of Illinois called in the Senate Democratic Caucus for a limited extension; to his own surprise, his motion was adopted unanimously. A bill embodying his ideas has a good chance to pass the full Senate, though its fate in the House is uncertain. The bill would permit the Cost of Living Council to reimpose controls on companies that violate commitments they had made earlier...
Company spokesmen cite rising costs as the principal cause of Volkswagen's financial troubles. During 1974, they say, the company faces wage increases of $221 million and a jump of more than $301 million in material and shipping costs. Moreover, the oil crisis has left a lingering reluctance on the part of many consumers to buy new cars, even the gas-efficient, economy Beetle...
...student members of the Committee on Houses and Undergraduate Life supported unanimously a statement supporting the strike after the full CHUL refused to take a stand, and the Harvard Union of Radical Political Economists issued a report supporting the strikers' wage demands...
Butler also said that although the government lifted its wage and price controls yesterday, Harvard will still not match wages dollar-for-dollar with price increases