Word: wages
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Dates: during 1980-1989
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...growth of low-wage, low-benefit, low-skill, low-security jobs explains the need for a two-paycheck family income. But why should the two-paycheck family be the envy of the world? Gene Damm Albany...
...leaders were no more than stiffly correct. Jackson sounded ambiguously conciliatory. He spoke both of "matters yet unresolved" and of "a time to cooperate." He pledged "a lively convention" but added, "Every debate does not mean division." The Mondale camp's hopeful interpretation: While Jackson's forces will wage floor fights in support of four amendments to the party platform, there is a strong chance that the battles will be conducted without great heat and that Jackson will urge his legions of black followers to vote for the ticket in November...
Gary Hart likes to say that if he is elected President, he will assemble management, labor and finance leaders of "key" industries such as steel and autos at the White House, where they will jawbone out a deal under Government guidance. Labor would make concessions in wage demands in return for job guarantees, business would promise to reinvest in new equipment in exchange for Government-backed loans, and so forth. It is an interesting idea, until one recalls the exhausting battles that invariably surround a single corporate bailout, such as that of Lockheed or Chrysler Corp. Moreover, an industrial recovery...
...World War II. Observes Robert Gough, a senior economist with Data Resources, a consulting firm: "The domestic market was so rich that the U.S. was not as aggressive in developing foreign markets as other countries." Many industries, including autos and steel, let factories become outmoded. Companies also granted wage hikes to workers that outstripped productivity growth...
...this year for new plants and equipment, a 14.8% increase over 1983. "We seem to be in the midst of an investment boom," says Michael Levy, director of economic policy research at the Conference Board, a business supported think tank in New York City. In addition, manufacturing companies held wage and benefit increases last year to an average of 5.4%. Since worker productivity jumped 6.2%, U.S. industry managed its first reduction in labor costs in nearly two decades. Says U.S. Trade Representative William Brock: "We have taken this time of agony to really clean our house. Business and labor have...