Word: wages
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
...battlefield. That, in the U.S. view, went a long way toward creating incentives for the La Palma meeting. Said a U.S. diplomat: "The guerrillas tend to shy away from negotiations as their power increases. They tend toward negotiations as their power weakens." According to that assessment, Duarte must still wage war in order to wage peace. Indeed, three days after the La Palma meeting, the Salvadoran army launched a new offensive against the guerrillas in northern Morazán. But in going those dangerous miles to La Palma, El Salvador's new President had given peace a measurably better...
...costliest flaw in the system has been the absence of incentives. Industrial workers are virtually guaranteed employment for life. More than that, rewarding merit is considered dangerously unsocialist. When the government allocated money for merit bonuses five years ago, most managers chose to hand out across the-board wage hikes to hard worker and laggard alike...
...over all their profits to the state. Now the plants simply pay a progressive tax on profits and then use the remainder for incentive and welfare schemes or direct reinvestment. Managers will also, it seems, be allowed to hire and fire as they choose, as well as to set wage differentials among employees...
...strike against the government of Prime Minister Steingrimur Hermannsson had been called over the issue of wage raises for public workers. Even though Hermannsson's coalition government had managed to reduce inflation from 130% to 13% in 17 months, civil servants, long accustomed to raises indexed to soaring inflation rates, sought 30% increases, while the government offered only 6%. So complete was the ensuing shut down that government officials had to pitch in to help keep life running. In addition to his higher duties, Chief of Police Sigurjon Sigurdsson stamped passports at Keflavik Airport...
Volcker will have the leeway to drop rates if inflation stays moderate, which seems likely. In addition to falling oil prices, another encouraging sign is the restraint shown this year by labor unions. The United Mine Workers agreed to a 12% wage and benefit increase over 40 months, far less than the 37.5% hike they reaped from their previous contract. Bernstein's Levine predicts that the consumer price index will climb only 3.2% in 1985, after a 3.9% increase this year...