Word: waging
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Dates: during 1980-1989
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...most intractable opponent for González's untested team may prove to be the economy, which will give him little room to maneuver in carrying out Socialist programs. A report issued by the Bank of Spain last week outlined an austere economic stabilization plan that includes wage limitations and a tighter monetary and fiscal policy. Most economists feel that the Socialists have little choice but to accept such measures. But in the flush of the Socialists' victory, González and his fellow moderates may come under heavy pressure from their left wing to launch radical economic...
...budget, which totals slightly more than $126 million, includes provisions for an 8 percent increase in faculty and staff salaries, which were increased by 10 percent for this fiscal year, In addition, fringe benefits will be increased 17 percent of the level of salary and wage increases...
...times, the magazine's agenda for getting America working again appears remarkably oblivious of important objections to its proposals--objections that emasculate the program's effectiveness. When suggesting a lowered minimum wage for workers under 20 years old, for example, Newsweek overlooks existing exceptions to the minimum wage law that permit many restaurants and fast found chains, typically major employers of youth, to pay "sub-minimum" wages for high school students. Instead of the prevailing $3.35 an hour, for many teenagers minimum wages brings $2.86 an hour. Any substantial reduction in the guaranteed wage would lead many teenagers to decide...
Some aspects of Newsweek's agenda show little sensitivity to how the proposals will affect workers personally. The employee whose salary decreases as a result of a minimum wage reduction, for instance, would suffer an incalculable loss of self-esteem, knowing his employer measures his worth in terms of the legally allowable minimum. Imagine, too, the feelings of those employed in the Works Progress Administration who, under the Newsweek plan, would work to repair the American infrastructure of highways, bridges, sewers, ports and dams that support the nation's commerce. Presumably by threatening to deny unemployment benefits, the government would...
Salaries and fringe benefits now account for 75% of Los Angeles' $1.5 billion budget. Says City Councilman Ernani Bernardi, who makes only $43,923 a year: "It's a vicious cycle. It has to stop." According to him, the bloated wage scale results from a lack of fiscal restraint by the council and an arcane "prevailing wage clause" in the city charter, dating from 1925. In practice, the prevailing wage clause, requiring the city to pay its employees salaries at least equal to comparable jobs in the private sector, has become the rock-bottom minimum from which wage...