Word: workers
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...sorts of nonessentials, ranging from new cars and skiing holidays to Christmas presents and charitable contributions. A typical fuel bill for an oil-heated home, about $650 last year, is expected to climb to between $ 1,060 and $ 1,200 this year. In 1978 the average American worker had to labor for 19 hr. every month of the heating season to pay his fuel-oil bill; this winter he will have to work a walloping 34 hr. per month...
Treasury Secretary G. William Miller turned down the company's initial aid proposal partly because its $1.2 billion request seemed extravagant and partly because he wanted the automaker to induce unions, suppliers and other parties to join in its recovery effort. One intriguing possibility involves the United Auto Workers' allowing Chrysler's pension fund to be used as a source of cash-perhaps in exchange for worker representation on the board of directors or for some other say in management...
...financial blood bank for the company might be the $300 million strike fund built up by the United Auto Workers. After the contract settlement with General Motors two weeks ago, that fund will not be needed to pay picketing workers, and Chrysler may try to borrow from it This week Chrysler will open its own contract negotiations with the U.A.W., and ways in which the union might help the automaker will be discussed. U.A.W. President Douglas Fraser rules out using the $300 million kitty, but may accept partly deferred wage or benefit payments in return for a voice in management...
...country is approaching the otherside of the baby boom. Those first postwar children are now 33- or closer to the still common retirement age of 65 than to birth- and the balance of the economy is shifting rapidly. In the future, far fewer workers will be supporting far more retired people. In 1950 the worker-to-retiree ratio was 7.5 to 1; to day it is 5.4 to 1. By 2030, when the baby boomers will be rocking away on the veranda, the ratio will be 3.1 to 1. Under Social Security, payments from current workers back the checks that...
...star at Lazard's Paris affiliate before fleeing France in 1940, Meyer became senior partner at the firm's Manhattan headquarters in 1944 and turned a cautious house into a corporate merger machine instrumental in the making of such giants as RCA and ITT. A compulsive worker, he amassed a fortune estimated at half a billion dollars, became an adviser to Presidents Kennedy and Johnson and gave millions to New York's Metropolitan Museum...