Word: wages
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Dates: during 1980-1989
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...council's economic outlook, a compilation of forecasts by 20 corporate economists, should prove encouraging to executives and wage earners alike. It predicts that real growth in the G.N.P. will level off next year at 3.5%, a rate that is considered more sustainable than this year's 33-year high of 7.2%. It also foresees inflation remaining in check at 5%, thanks in part to continuing price competition from imports made cheaper by the strong U.S. dollar...
...early returns were unsettling. As members of the United Auto Workers voted last week on a new three-year contract with General Motors, word leaked out that at least 22 of the union's 149 locals had turned down the agreement. Many workers were dissatisfied with the proposed wage hike and lump-sum payments that would average 2.25% annually. But after U.A.W. President Owen Bieber warned that rejection would mean an immediate nationwide strike the vote totals began to shift in favor of the contract. At week's end union officials predicted approval...
Your article describing America's upbeat mood cites patriotism for the increase in military enlistment. In our area, high school graduates who cannot afford the increasing cost of a college education have two options: a minimum-wage job or military service. Military service provides better pay, as well as benefits that cannot be found in the private sector...
...said it would try to chop the deficit in the biggest areas of public-sector spending from its level of 11.4% of gross domestic product in 1983, to 8.1% this year and down to 5.4% in 1985. In addition, Argentina indicated that it will take action to hold down wage increases, but the deal's language was left intentionally vague to give Alfonsín flexibility...
...ratification by Oct. 14. Despite creation of a $1 billion fund for retraining workers displaced by automation, there could be some balking. Says Pete Beltran, president of Local 645 in Van Nuys, Calif.: "The ratification vote will be much closer than people think." Autoworkers were grumbling that the annual wage hike for the next three years will be just 2.25%. Economists, though, feared that wages and benefits were still at too high a level, approaching an average of $30 an hour, to make Detroit competitive with Japanese imports...