Word: wages
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Dates: during 1970-1979
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...acquiring advanced Western military equipment. This sharp and very recent departure from the Maoist policy of "self-reliance" in arms betrays Peking's deepening concern over the adequacy of its defense forces and the relevance of Mao's dictum that "the richest source of power to wage war lies in the masses of the people." For decades this "people's war" strategy led Chinese generals to maintain religiously that their hordes of soldiers would triumph over any attacker, no matter how sophisticated his weapons. As a result, Peking all but ignored the advances in weapons technology that...
...Wage talks moved into the hard-bargaining phase for the U.S. Postal Service and its 570,000 mail carriers, sorters and other employees. Their three-year contract is due to expire on July 20. A reasonable settlement with the postal workers would put pressure on the nation's 475,000 railway workers, who are demanding a three-year contract with some 30% in pay increases, and have been locked in federal mediation talks since last January...
...postal and railway settlements are certain to have an impact on next year's round of wage talks. There are no other big union contracts expiring this year, but several important ones come up for renewal in 1979. Among them are the United Auto Workers (with 800,000 members), the Teamsters (900,000 members), the International Union of Electrical Workers (200,000 members), and some 80,000 rubber, cork, linoleum and plastic workers. These unions have three-year contracts that now provide an average of 10% in annual pay increases, and White House officials hope to see the yearly...
Though the Postal Service is a quasi-Government organization, the union leadership is infuriated by the Administration's blunt intrusion into the contract talks. Instead of quietly urging the chiefs to hold down wage demands, the White House has publicly and repeatedly insisted that they settle for no more than 5.5% a year-the same raise that Carter has said he will approve later this summer for 1,350,000 civil service workers. In fact, postal workers already earn an average wage of $15,423 a year, nearly 50% more than the national average for private nonfarm workers...
...sell 550,000 vehicles in the U.S. this year, vs. 561,000 in 1977, recently announced a scenario for the future that includes plans for eventually reducing its present capacity by 30%. Some firms, like the Tokyo Juki Co., a medium-size machinery maker, have put a freeze on wage boosts...