Word: wages
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Dates: during 1970-1979
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...parents in a Stevens plant. Since skipping through the cotton dust around the plant as a child, she had known she would work for Stevens, like everyone else in Roanoke Rapids, N.C. Although she sees Stevens as a paternal company, she condemns it for paying her less than minimum wage and then forcing her to retire because of the brown lung disease she contracted while working in their mills. Despite her bitterness, she is reluctant to fully support unionization and looks to government assistance instead. She is held back from outright rebellion by her life-long respect for J.P. Stevens...
...sense, something that foreigners have come to long for in the White House's increasingly ineffectual inflation fight. In the past year, not only have prices throughout the economy surged into double digits and stayed there, but the Administration's chief weapon in the struggle, its year-old voluntary wage and price guidelines program, has proved hopelessly inadequate to the task...
...increase chances that the recession will be longer and deeper than expected. He says that "unemployment will hit 8% sooner than expected" and might go even higher. To curb inflation without pressing down too hard on the economy, Pechman wishes that the Carter Administration would institute a more vigorous wage-price policy to supplement the Federal Reserve moves. Says he: "We ought to try, somehow, to have business and labor moderate their price and wage demands...
McKay's Bees has perhaps a roomful of such figures--Henry David Thoreau comments on the biology of Louis Agassiz. Agassiz terrorizes his students and commits indiscretions with his housemaid. John Brown and his gang of Missouri border ruffians wage war on free-staters in Kansas. Even President Pierce gives an audience or two, once weeping, once belligerent...
...cost of higher unemployment as the 1980 political campaign picks up steam. They found fresh reason for skepticism last week: it was revealed that to get the unions to join in the Carter anti-inflation program, the Administration agreed not to try to penalize any violators of the "voluntary" wage and price guidelines. Miller attempted to soothe his colleagues in Belgrade by promising that the Administration would "stay the course" in battling inflation, but doubt remained. Said one West German Cabinet minister: "The problem is Carter's chaotic leadership...