Word: waging
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Dates: during 2000-2009
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...example, it turns out that drug dealers don't really make so much money after all. Levitt and a colleague who had obtained copies of a Chicago gang's accounting books found that street-corner crack dealers in the 1980s made less than minimum wage. They stayed in the job because they aspired to rise through the ranks and make six figures--which only a few top leaders ever achieved. In other words, the authors explain, "the gang's wages [were] about as skewed as wages in corporate America...
Chrysler's workers will receive most of the items on their wish list. Current employees will get an immediate bonus of $2,120, plus a 2¼% raise that will bring Chrysler assemblers up to the wage of $13.34 an hour. Late next year Chrysler employees will get a 2¼% lump-sum bonus and in 1987 a wage boost of 3%. Chrysler's 10,000 Canadian workers, who settled earlier in the week, will receive less lucrative bonuses because their concessions during the bad years were smaller...
...announce hefty third-quarter earnings. Said Reno Pietrantoni, 53, a millwright who has worked 26 years for Chrysler: "The bonus is really a drop in the bucket compared to what we lost over the last five years." By one estimate, Chrysler workers gave more than $15,000 each in wage concessions...
Texas Instruments, Mostek's Dallas neighbor, has also been suffering. TI said last month that it was closing plants in Houston and College Station, Texas, as well as El Salvador, and would lay off 2,200 workers and defer wage increases planned for the first half of 1986. The job cutbacks brought the company's layoffs to 7,000 this year...
...lobbyist found that 60% of respondents are restructuring their businesses in response to the pressures being generated by China. Union leaders fear more job losses, saying the country will simply become a quarry and that pay and conditions will be cut in a "race to the bottom" with low-wage countries. Many firms that once thought themselves immune to import pressure are feeling China's productive muscle. "We have a two-China approach - the China we sell to, and the China we buy from," says Richard Leupen, managing director of the United Group, whose Newcastle-based Goninan company makes rail...