Word: workers
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Dates: during 1970-1979
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...labor. In 1969, two-thirds of the Chilean people lived on less than $2 a day; 600,000 children had brain damage from malnutrition; 350,000 Chileans were homeless; 300,000 unemployed. And the copper companies continued to extract profits--$9 billion since 1900. Small wonder, then, that every worker interviewed in the film understands the meaning of U.S. involvement in the economy...
...numerous offspring is Miguel Ángel Matalax Yanama, a 28-year-old wanderer who has studied law at Harvard and social science in Germany. He has lost an eye as a U.N. observer in the Gaza strip and he has been a teacher and a Red Cross worker in Biafra. But Matalax has eaten the bitter bread of illegitimacy and plans to over throw his dictator-father...
...Break. That leaves as the only general tax break for business the so-called jobs credit-a provision that the Administration is unhappy with, for good reason. Under this regulation, for the next two years most corporations would get a tax savings of $1,092 for each new worker they hire after their payroll has grown 2% from the previous year. The credit can be used only by companies that are expanding, and the maximum benefit to any one company is $100,000; thus the credit is of little use to the biggest companies that hire the most workers. Indeed...
Enter Schmücker, one of the few top German executives who once was a factory hand himself. The son of an assembly-line worker for Ford of Germany, Schmücker quit school at 16 to go into the plant himself and spent two decades working his way up through the ranks to the top job (with time out to serve as a Wehrmacht lieutenant on the Russian front). Shortly after becoming head of sales for Ford of Germany, he left to take over the tottering Rheinstahl Steel Company, and by designing and executing a major reorganization, made...
Swinging Deals. At Volkswagen, Schmücker made frequent visits to the shop floor to argue corporate strategy with workers. Says he: "We have had, sometimes, very interesting and fierce and passionate discussions." He overcame worker objections to manufacturing in the U.S. by swinging deals to supply made-in-Germany engines to other manufacturers-including Chrysler and American Motors. He also promised to retool and expand the Emden plant, which was making only Rabbits for export to the U.S., to turn out other cars as well. Schmücker continued Leiding's policy of paying workers as much...