Word: wages
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Dates: during 1970-1979
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...Georges Marchais, and Robert Fabre, head of the Left Radical Party that had been allied with the Socialists and Communists in the elections. Séguy's "demands" came straight out of the handbook of inflation: across-the-board salary increases, including a 37% hike in the minimum wage to $520 a month, and increases in pensions and other social benefits. Marchais spent an hour with Giscard, pleading, he said, on behalf of "millions of workers who have reached the limit of their endurance." Afterward, the Communist leader declared: "I am convinced that the [center-right] majority will...
...counter Laban's growing appeal, the government has been forced to wage an unexpectedly urgent campaign of its own. In a televised speech last week, Marcos not only charged the opposition with "sowing discord, hate, confusion and resentment," but called it the "strong and willing handmaiden" of a Communist effort to "create disorder." The President has courted votes with more than just words. In the past few weeks, he has fattened government pensions by about 12%, boosted the base salaries of teachers (who will serve as vote counters) by 20%, and promised slum dwellers that they will soon...
...this year. The Carter Administration reacted with unusual vehemence. The President, jawboning at a press conference in Brasilia on his Latin American tour, charged that the rise "is excessive and does cause additional very serious inflationary pressure in our country." Vice President Walter Mondale and the Council on Wage and Price Stability (COWPS) also condemned the increase. Privately, some officials recalled with approval President Kennedy's crack about the genealogy of steelmen* and made sarcastic, and misleading, references to a fat salary increase that they thought U.S. Steel Chairman Edgar Speer had collected. (In fact, Speer's combined...
Hold Back the Minimum Wage. It jumped from $2.30 to $2.65 last January and is scheduled to rise to $2.90 next January and $3.35 in 1981. Besides being inflationary, the increases discourage hiring of the unskilled and the young...
...Local Taxes. If their projected wage increases were reduced, the states and cities could trim their sales, income or property taxes. Another reason for reduction: many states and localities are enjoying budget surpluses...