Word: wages
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Dates: during 1980-1989
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...reached the candidates as they campaigned. But where Fraser advocated prudent economic conservatism, Hawke called for an ambitious $2.65 billion public works program designed to create half a million jobs during the next three years. He also promised to increase pensions and reduce taxes for low-and middle-income wage earners...
...soldiers is an opportunity to infuse a sense of adventure and myth into a cluster of lives grown grey and sodden under years of Fascist rule. So they make their way through the foothills, while the partisans and the straggling black shirted Fascists (looking like an army of scarecrows) wage skirmishes around them...
...election's most divisive force, and perhaps its most decisive issue, is represented by Hawke's former colleagues in the trade unions. For three months they have adamantly opposed a Fraser wage freeze designed to slow inflation. If he is reelected, the Prime Minister plans to hold a referendum to increase his power over the recalcitrant unions. In contrast, the Labor Party huddled with the A.C.T.U. and proposed a detailed policy that would link wage increases to price rises. Contending that Hawke's union connections will handcuff rather than help him, Fraser dismissed the Labor plan...
...Powers says that contracting out is still a threat he can use against the food workers union if their wage demands grow too high...
TIME's economists expect that prices may heat up slightly as the recovery proceeds, but they foresee no new burst of inflation. For 1983 as a whole, they predict that consumer prices will rise at a modest 4.6% clip. One reason for this optimism is that wage demands, the central driving force of inflation, have cooled considerably. Wage and benefit gains slowed in the final quarter of 1982 to an annual rate of 4.7%, down from 9.6% in 1981. At the same time, the level of output per hour worked, or productivity, has accelerated sharply. The combination of moderate...