Word: waging
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Dates: during 1980-1989
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Braniff badly needed the wage deferral assistance from its employees to ease a sudden and potentially ruinous cash crunch. The trouble arose when approximately $9 million worth of Braniff tickets were unexpectedly presented for redemption by the airline industry's ticket clearing house. The clearing house operates like a kind of back-office ticket exchange, allowing reservation agents for one airline to accept tickets for fares written by another carrier...
...transient character of Harvard Square labor has allowed the Coop to pay its workers often shockingly low wages, scarcely above the minimum wage for some full-time stockboys and clerks. The plight of older Coop workers is often worse. Forced to cope with high inflation, they can find little comfort in the Coop's low wages. Employees have cited other labor problems: oppressive monitoring, inconsiderate assignment of tasks, and biased promotion procedures...
Officials who worked on the February compromise have asked King to include a minimum-wage guarantee in the final regulations for the workfare plan, but there is no indication yet whether he will comply...
...highest standards of living in Western Europe. But while a succession of revolving-door governments (32 in 38 years) grappled with endemic linguistic feuds between Dutch-speaking Flanders and French-speaking Wallonia, a reluctance to give up the good life pushed the country beyond its means. Soaring wage costs drove out foreign investors, unemployment rose to 12.5%, and runaway government spending set the divided nation on a course toward insolvency...
...President's proposal for tax incentives for private investment in the Caribbean has already been tried, usually with the same result. U.S. corporations receive more "incentive" to invest in capital-intensive extractive industries, such as bauxite in Jamaica and Guyana, Ore companies set up low-wage assembly industries--baseball stitching in Haiti, to name one--that add very little to a nation's capital stock or level of skills. In short, the President is sending supply-side economics on an island cruise; his proposals will only exacerbate the region's dependence on foreign investment...