Word: wages
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Dates: during 1980-1989
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...Citizens Corps that would enlist as many as 1 million young high school graduates to spend at least a year working for $100 a week in places like hospices and homeless shelters in their local communities. The volunteers would also have the option of entering the armed forces at wage rates significantly below those of regular soldiers. The national-service proposal -- originally developed by sociologist Charles Moskos and the Democratic Leadership Council -- is poised between threat and reward. "It's just this side of compulsion," says Moskos, who teaches at Northwestern University, "but we don't cross the line...
...company thrives, ESOP participants can grow a nest egg far beyond the means of most wage earners. At Quad/Graphics, which prints hundreds of catalogs and magazines, including a regional edition of TIME, the value of ESOP shares has risen from 6 cents in 1975 to $5 currently. The company's 3,500 workers own 18% of its stock, with the prospect of eventually acquiring an additional 12%. In the case of Stone Construction Equipment, a small firm in Honeoye, N.Y., company heir Alan Stone no longer wanted to run the operation, so he sold it two years...
...cachet in Europe," says David, the band's co- founder and lyrics writer. "In America we were has-beens." David puts the band's long history together with its newfound fortune and reckons, "If we have a hit album this time, it will work out to a minimum wage over the last eight years." Adds Don: "We had to go outside of America, to a place where black music and older soul singers are revered. Remember, not only were these guys black in a supposedly white band; they didn't even sing in the modern black style. They were...
...countryside, the rebels woo the peasants by striking at wealthy | landowners. During the recent coffee harvest, the F.M.L.N. decreed that growers should pay their pickers nearly twice the legal minimum wage, which can be less than $2 a day. When some landholders refused to cooperate, armed guerrillas hijacked truckloads of newly harvested beans and redistributed the stolen booty to the pickers. Other landowners who balked at paying a "war tax" to finance the insurgency have been burned...
Sunnily dubbed the "summer plan," the economic controls announced by the government of President Jose Sarney last week received a decidedly chilly reception. Designed to slash the country's 1,580% inflation rate and to attack the $66 billion national debt, the plan will freeze prices, abolish automatic wage hikes and devalue the Brazilian cruzado by 16.4% in relation to the dollar. The government will close six out of 27 ministries, and promises to fire 60,000 employees. Brazil is temporarily suspending any further debt-for- equity swaps with foreign banks and refuses to rule out a new moratorium...