Word: problems
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Dates: during 1980-1980
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Increases in productivity are one way to offset the inflationary effects of wage increases. The slowing, and then cessation, of productivity growth recently has exacerbated the problem of core inflation that began with the long period of excess demand at the time of the Vietnam...
From 1950 to 1977 output per manhour increased at an average annual rate of 2.4 percent in the U.S. and 5.2 percent in other major industrial countries. The American problem results not simply from continued relative decline of productivity compared to other major countries, but because the price of exports relative to all manufactured goods has declined in many countries like Japan but this is not true for the United States...
...Everything is 'a problem' today," Fitzgerald said. "There's the 'pollution problem,' the 'problem of unemployment,' and 'the problem of Watergate.' In some textbooks, Watergate even turns out to be a problem for Nixon," she added...
...purpose to suggest that we imitate Japan. We must find our own ways consistent with our tradition. I do not, however, see how we can respond appropriately without much greater public awareness of the seriousness of the problem. We cannot continue to rely on anti-trust laws and political pressure from the losers to determine our nation's industrial policy. We must find ways both to reduce the cost and intervention of government but at the same time to increase its planning and coordinating capacities. Government and only government can make certain strategic decisions. To do so wise, however, requires...
...Italy's problem is compounded by the 38 changes of government in the 35 years since the war, for short-term politics crowd out any hope of a long-term strategy. But it also illustrates the problem of raising wages excessively to satisfy short-term demands without comparable increases in productivity. From 1970 to 1975 wages rose rapidly and in 1975-1976 companies could not reduce employment despite recession. The result was that by 1977 companies had excessive debt, investment dropped, the net result being that employment levels are declining because new jobs are not being created...