Word: wages
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Dates: during 1980-1989
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...Soviet Party Chief Yuri Andropov contributed an anniversary article to the journal Kommunist last month, lauding Marx as "a great practical revolutionary." His own views on the need for workers to be thrifty and responsible had a curiously capitalist ring. Maverick Rumania marked the occasion by announcing a new wage system pegging salaries to the number and quality of items a worker produced. It was a far cry from Marx's adage, "From each according to his abilities, to each according to his needs...
...faster-growing service and technology sectors, an ever widening gap has opened between the new jobs that are being created and the skills of available workers. This skills shortage afflicts not only laid-off workers in fading industries, but also young people just entering the work force and wage earners already on the job. Each segment needs massive retraining. Says Albert Angrisani, Assistant Labor Secretary for Employment and Training: "Everybody, no matter what the occupation, has to understand that the skills they come out of high school or college with are not going to get them through a lifetime...
...more fortunate in finding beneficial retraining programs are workers with jobs. U.S. corporations spend about $30 billion annually to train new employees and upgrade the skills of wage earners. Digital Equipment, for example, has 1,800 of its 67,000 employees engaged in worker reeducation. At the moment 450 Digital repair and installation technicians and administrative personnel whose jobs were eliminated by technological change are being tutored for sales...
...city hospital. Cambridge hospital budget will not reflect the effects of the law until its fiscal year begins July 1, but the institution is already "controlling salary and wage expenditures," said Michael J. Ryan, senior assistant director. Like the other hospitals contacted. Cambridge is not laying workers...
...result, the franc, which has already been devalued twice under Mitterrand, seems almost certain to be devalued again, even though the Bank of France has been spending some $150 million a week to shore up the currency. Meanwhile, the Mitterrand government's austerity program, which imposed limits on wage increases, hikes in the prices of public services, and curbs on welfare benefits, has done little more than stir resentment...