Word: waging
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Dates: during 1980-1989
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...lost. The 170-day strike forced USX, formerly known as U.S. Steel, to lose $500 million in orders. Meanwhile, 22,000 union workers forfeited six months of pay. The agreement does not solve the industry's problem of producing steel at too high a cost. USX won a paltry wage reduction worth $92 million a year. Even with the cut, workers get $22.90 an hour, vs. $3 to $5 for South Korean competitors. As a result, the U.S. industry may continue to rust...
DESCRIPTION: Minimum wage from 1950 to 1987; figure in background holds up dollar sign...
...advocates of an increase believe it would address one of the more confounding problems of the poverty cycle, what has been called the "chump change" dilemma: many able-bodied poor people see no profit in working for low wages when they can often earn more in welfare or hustling on the street. The problem is most severe among inner-city black youths, who make up the largest segment of the nation's unemployed. Many liberals and labor leaders argue that upping the minimum wage will encourage more people to seek employment and get off the welfare rolls...
...even some supporters of a hike acknowledge that an increased minimum wage would still be disdained by large numbers of jobless young people, who are not inspired by the prospect of flipping hamburgers at a fast-food franchise. "These are dead-end jobs," says Lorna Barnes, an account executive at Chicago's Minority Economic Resources Corporation, which trains and places young people in jobs. Barnes contends that an aggressive job- education and retraining program would have far greater impact than a minimum- wage increase. That seems to be one idea on which left and right can agree: the Reagan Administration...
CAPTION: MINIMUM WAGE...