Word: wages
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Dates: during 1970-1979
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...Democratic President could get along with business executives, it ought to be James Earl Carter. He won his party's nomination as an outsider railing against bloated Government, angered liberals by putting a balanced budget ahead of expensive new social programs, and disavowed any thought of imposing wage-price controls or even guidelines. Perhaps equally important, as Carter frequently observes, he is a former businessman himself. During the campaign and for a while after the Inauguration, even many executives who voted for Gerald Ford did indeed warm to Jimmy Carter as they rarely do toward any Democrat...
...union's negotiating package includes a substantial wage hike from the present level of $65 a day (up to perhaps $100), better safety procedures and a restoration of payments to pension funds and health programs that were stopped during past wildcat strikes. But the key demand is to make the wildcats legal. For years, U.M.W. contracts have provided grievance and arbitration procedures to settle disputes between union locals and employers. But the union claims that the mine owners cynically drag out the proceedings, knowing that if the miners walk out, it is an easy matter to get an injunction...
...could be deducted from ordinary income in one year. Assume, for example, that an investor sold some stocks at a loss of $50,000 but realized a profit of $20,000 selling other shares, producing a net loss of $30,000. He could deduct $10,000 from his taxable wage-and-salary income that year; the remaining $20,-000 could be deducted in future years...
...living in a round body," wrote the textbook used most often in French economics classrooms. Since he moved to his offices at the Hotel Matignon, Barre has applied textbook economics to France's problems. His austere "Plan Barre," announced in September of last year, urged business to limit wage hikes to 6.5% a year, v. the 17% annual rate that was handsomely contributing to France's double-digit inflation. To reduce the country's costly oil imports, Barre has jacked up the price of "super" gasoline nearly 21%, to $1.85 per gal. He also imposed a three...
...addition, the program promises to raise the minimum wage by nearly 30%, increase a variety of social benefits, hike corporate taxes and start a plan that would give more say in the management of factories to workers. The program has frightened away investors, both French and foreign. Euroeconomics, a Paris-based research firm owned by a group of banks, predicts that enactment of the left's platform would erode company profits, accelerate inflation to 20% a year and cause a balance of payments crisis...