Word: wages
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
Meany agreed last week to be one of the commission's six labor members. So did United Auto Workers President George Woodcock, whose wage negotiations with automakers this summer may set a pattern for much of the nation. Six other commission members will represent the public, and another six will be men from business, including leaders of other industries facing key labor bargaining this year. The chairmanship will rotate among the five Government members: Treasury Secretary David Kennedy, Commerce Secretary Maurice Stans, Labor Secretary James Hodgson, Chief Presidential Economist Paul McCracken and George Shultz, the White House...
...panel will consider ways to temper the inflationary impact of higher wages. By some industry estimates, labor costs account for at least 75% of the price of all U.S. goods. Besides publicizing wage or price increases that seem out of line, the commission will probably delve into the operations of many industries. It will, insists one high-ranking Administration official, be a live and sharp-toothed animal. "It's a rabbit now," he says, "but it could turn into a tiger...
...amounts of their manufacturing abroad to cut costs. The U.S. now imports most of its typewriters, sewing machines and television sets and 98% of its portable radios. Chemicals, textiles and footwear once produced by U.S. workers are increasingly entering the domestic market from countries that have pools of lower-wage labor. Next year all of Ford's small Mavericks will be built in Canada, and Chrysler last week announced that in 1971 it will introduce a Dodge Colt line manufactured in Japan by Mitsubishi. For the first time, an American automaker will offer a Japanese-made...
Patrolled Heat. Nowhere in the U.S. economy are labor costs running farther ahead of productivity gains than in its largest industry, construction. Wage increases average about 21 % a year, and laborers in Connecticut, Missouri, Florida and Kansas have recently won pay increases of 30% a year. Under new contracts, lathers in Cleveland will earn $ 10.71 an hour by 1972, and cement masons $10.41. Success at the bargaining table seems only to have heightened construction labor's appetite for make-work arrangements. Detroit pipefitters require a "heat-patrol" 24 hours a day, seven days a week when temporary heat...
...government were quick to surface. The economy is in uncertain health; the gross national product dropped 1% during the first quarter. Nonetheless, Chancellor of the Exchequer Iain Macleod will give top priority to reducing direct taxes this year as a way of heading off another round of price and wage increases...