Word: wages
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Dates: during 1970-1979
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...should he seek a new mandate this fall, is Canada's economic performance, which lags well behind that of the U.S. One of the prime reasons is Ottawa's past mishandling of policy. The government has been widely criticized for badly overheating the economy, then slapping on wage-and-price controls that are only now being removed. Despite a recent industrial upsurge, the national unemployment rate seems stuck at 8.6% (vs. 6% in the U.S.), while rekindled inflation hovers around 8%. The Canadian dollar, which lost 13% of its value in a year, is now worth about...
Many of the nation's big wage contracts will not expire until next year, but the outcome of talks now under way with the 450,000 railroad workers and the 560,000 employees of the Postal Service are being closely watched by union leaders as indicators of future trends. The Administration is optimistic that the postal workers, whose talks enter the hard-bargaining phase this week, will cooperate. The outcome of the railroad workers' negotiations is less certain. Their contract expired at the end of last year, and Bosworth fears that the new package might well reach...
...that textile plants install elaborate ventilation and dust-control systems to reduce cotton dust, which causes brown lung, an occupational asthma that afflicts from 2,300 (by industry estimate) to 35,000 (by OSHA estimate) of the nation's 233,000 cotton textile workers. But the Council on Wage and Price Stability calculated that the bill for the industry would be $625 million for new equipment plus $200 million in annual costs to meet the OSHA standards. Alarmed, Carter's inflation fighters, led by Chief Economic Adviser Charles Schultze, opposed OSHA'S demands. As a health-preserving...
...While most of the department's programs are administered from its huge Washington headquarters, Social Security data are processed in a building outside Baltimore by the most extensive computer system in the world. Every day an average of 20,000 claims are filed; every night the complete Social Security wage file, contained on 220,000 reels of tape, is run through the computers to provide information on the claimants. Next day off go the forms that bring life-sustaining checks to the nation's aged and disabled...
Prices of basic foods went up 100% in the past year. The legal minimum wage is $30 a month, the approximate pay of a laborer or a foot soldier, but it buys only enough meal to feed a family for about two weeks. Social services in Zaïre are almost nonexistent, and there is corruption everywhere. At night, after the 6 p.m. curfew, small groups of soldiers appear and begin taking "collections" from the public. For Europeans this practice can be upsetting; for Africans it can be brutalizing. Says a European resident in Lubumbashi: "The army is trying...