Word: wages
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Dates: during 1980-1989
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According to Government statistics, husband-and-wife wage earners now make up 56% of American marriages. Not surprisingly, some traditional expectations are giving way to new realities. It is now the dutiful husband who may find himself resisting the prospect of following his wife's career to a new city. Women, for their part, are no longer as willing to provide unquestioning -- and unpaid -- support for their spouses' career ambitions, a once hallowed given of corporate, academic and political life. Even the military can no longer count on blind obedience from officers' wives. Indeed, two women recently complained that brass...
...Japanese exporters, but they have responded by holding down costs and becoming more efficient. One reason they can do so is that many of their imported raw materials and components are priced in dollars and have become cheaper. With greater price stability, Japan and Germany face less pressure for wage increases. Despite the strong mark, Germany has become the world's leading exporter. Japan is openly contemptuous of the notion that the U.S. can solve its problems through devaluation. Says Johsen Takahashi, chief economist of the Mitsubishi Research Institute: "Letting the dollar slip now is like spitting up into...
...federal poverty level ($9,069 for a family of three), and many of them rely regularly on food banks and soup kitchens to supplement their diets. Among the reasons cited for the high level of hunger: restrictions on food-stamp eligibility and the failure to raise the minimum wage...
...Security is one of the Federal Government's most popular and effective programs. It has vastly improved the lives of America's elderly: a 65-year-old worker who retires this year could receive the top Social Security payment of $789 a month, or 53% of the average national wage. Moreover, retirees regard those monthly checks as their due, a return on their payroll-tax contributions to the Social Security trust fund over the years. They see Social Security as an insurance rather than a welfare program, and this attitude has made benefits virtually unassailable by cost cutters. To ensure...
...Wall Street. Wire Governors and mayors to keep public projects alive so that there will be no abrupt layoffs. Repeat to all visitors that it is the President's policy, in seeking to balance the budget, to cut first into business profits before putting any more burden on wage earners. Call for less expensive Government but without heavy taxes...