Word: waging
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Dates: during 1980-1989
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Burr saw rapid growth as a survival tactic in an air-transportation market dominated by bigger rivals. No other U.S. airline, though, has ever expanded as quickly as People. Burr was confident in the price advantage that People's low-wage, nonunionized employees produced over other carriers: 5.28 cents to fly a passenger one mile last year, vs. the industry average of 8.6 cents. He was overly blithe as he pushed his company into Atlanta and Dallas/Fort Worth, the territory of two major rivals, Delta and American. People gained size but it failed to gain strength...
...carriers can afford to keep fares low because their costs are dropping dramatically. For one thing, the industry expects to save $2 billion on its fuel bills this year as a result of declining petroleum costs. In addition, the airlines are curbing payroll expenses through staff attrition and employee wage concessions. The cost of carrying a passenger for a mile on traditional airlines averaged only 7.7 cents during the first quarter of 1986, an 11% decrease from 1985. Wall Street analysts predict that as traffic picks up during the peak summer travel season, the industry will enjoy a turnaround...
...Reagan's successes, both objective and subjective, outweigh his failures. He has presided over one of the longest economic recoveries in recent history, now in its 43rd month, which has been attended by an end to both inflation and the wage-price spiral. Some argue that it was Fed Chairman Paul Volcker's policies that conquered inflation. But Reagan was the catalyst for the recovery. Nine million new jobs have been created during the Reagan | Administration. It was Reagan who, in the aftermath of Jimmy Carter's "malaise" and all that had come before, revived some exuberance of purpose...
Sometimes the laws simply lag behind the times. In 1979 the Labor Department, backed by unions, sued a Vermont skiwear maker who employed women to knit in their homes. The department charged the company with violating minimum-wage provisions. The law under which the department acted was passed in 1942 to prevent the exploitation of children and sweatshop workers in city tenements. The women in Vermont prefer working at home, where they can be with their children and do not have to travel to a factory, especially in winter over icy roads. Finally, the Labor Department rescinded...
...year-old computer list of boys eligible for free birthday sundaes. To ferret out welfare cheats, social service agencies compare their rolls with lists of federal employees. And the Reagan Administration is prodding state governments to begin linking the computers that hold state unemployment insurance records, social security wage data and certain IRS returns...