Word: wages
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Dates: during 1980-1989
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...Leadership: Of course, deficiencies in working-class consciousness could always be made up for by vigorous, enlightened leadership--a role that Bluestone and Harrison want to assign to the unions. But most union leaders are running scared themselves, trying to sell their shrinking memberships on wage concessions in order to protect vanishing jobs. Indeed, after the United Steelworkers' rank and file did raise its voice, rejecting a proposed give back contract, union leaders cut back the role of rank-and-file representatives in collective bargaining...
...bishops' paper is a direct attack on the proinvestment policies of Prime Minister Pierre Elliott Trudeau, a Catholic. Trudeau has argued that Canada must stress profits, wage restraints, investment and productivity. Challenging those priorities, the commission condemns "the renewed emphasis on the 'survival of the fittest' as the supreme law of economics" and asks for controls on profits, soak-the-rich taxation, a bigger role for labor unions and government programs to create jobs...
During Richard Nixon's third year, with the Viet Nam War effort failing and inflation rising, there was speculation about his being a one-term President. His response was what became known as the "Nixon shocks." He devalued the dollar, imposed wage and price controls, and announced he would visit China...
...around 2.5%, the West Germans can look forward to a modest 2% growth in G.N.P. in 1983, beginning in midyear, according to Herbert Giersch, director of the University of Kiel's Institute for World Economics. Inflation, now running at 4.5%, will fall to 3% by next December if wage increases are limited, as the government seeks, to 3.5% during 1983. That will be tough, said Giersch, since militant trade unions are already demanding salary hikes of about 7.5%. The government's recent efforts to stimulate the housing industry are not expected to make any dent in unemployment...
FRANCE. Despite skepticism inside the country and abroad, the Socialist government's decision to impose price and wage controls last June has been "a sort of success," in the view of Jean-Marie Chevalier, professor of economics at the University of Paris Nord. As a result, he was less pessimistic about the French economy than he was six months ago, now predicting a growth rate of about 1% for 1983 along with a continuing fall in inflation. The rate of price rise in the economy has already been slowed from 12% to 9.8% during 1982, and Chevalier expects further...