Word: wages
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Dates: during 1970-1979
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...contracts provide for $12 million in wage increases over the first three years, with further raises to be negotiated later. "Not a bad package," conceded an official of the Teamsters, one of the unions involved. In an editorial, the Post expressed "joyous satisfaction" at the "continued life of our worthy competitor" but noted what it called the Star's "hardball" bargaining tactics. The Star responded with an editorial that thanked its rival for the kind words and observed wryly that the Post had not exactly played "beanbag" with its own unions. After pressmen struck the Post...
...though the current model is basically the same vehicle. Says Karen, 24, who would like to have children but feels unable now to afford them: "You want to hear about inflation? I'll tell you about inflation. There's petrochemical inflation, energy inflation, machinery and steel inflation, wage inflation, and all of it comes down on the farmer. It just corks me off. It seems like we're always having to work harder and harder just to stay where...
Blue-collar workers have generally stayed ahead of inflation by winning wage increases so large that the payments lately have actually begun to help force up the cost of living for everybody. Members of powerful unions like the steel and auto workers enjoy escalator clauses in their contracts that automatically boost paychecks as inflation rises. Military men and women have more than kept up with inflation because pay scales have been raised-in some cases spectacularly-to recruit and keep people in the all-volunteer services...
...they felt confident of having a fair opportunity to rise and prosper in the future. If they conclude that inflation continues to rob them of that chance, they may begin to question the system. Says Arthur Garcia, 43, who supports a wife and five children on a $19,000 wage as a worker in U.S. Steel's South Chicago mill: "You really want to revolt, but what can you do? I keep waiting for a miracle-for some guy who isn't born yet-and when he comes we'll follow him like he was John...
While it seems the predicted jump in costs violates President Carter's voluntary guidelines on wage and price increases--set at 8.25 per cent--Bok insisted that this simply...