Word: wages
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Dates: during 1970-1979
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...period of vicious inflation leading to mandatory price controls lies ahead, and are kicking up prices before the controls are imposed. Feeding these inflationary expectations are the gloomy forecasts of a number of alarmist economists who have been blowing taps for President Carter's voluntary Stage Two wage-price restraints almost from the moment they were announced last fall...
...Administration's Kahn-do posture got a boost last week when the House Ways and Means Committee opened hearings on the weakest link in the anti-inflation program: real wage insurance. The idea had been initially dismissed by most economists and politicians as unpassable and unworkable, but lately it has shown some staying power. Committee...
...news brief released earlier this week MIT Chancellor Paul E. Gray said "increases in wage and salary costs, prices of services, energy, and materials essential to the operation of the Institute," caused the hike. As a non-profit organiza on facing a deficit, MIT is exempt from President Carter's suggested price increase ceilings...
...Frailey, director of the student financial aid office, said yesterday that 55 per cent of MIT students receive financial aid. "In general terms, it's almost certain that we cannot cover the increase with grant money. We will cope by providing more loan money and increasing the student wage rates," he said...
...large part because families in which both spouses work are now the norm rather than the exception; if one loses his or her job, the family can still get along. The commission wants to devise a "hardship index" that would count many employed people who labor at low-wage jobs and exclude the unemployed whose families still have sizable incomes...