Word: wages
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Dates: during 1970-1979
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...rewarding experience. It has taught me to appreciate just how vital Women's Lib really is if women are to take their rightful places in society as people, not as girls. But there seems little I can do about it. The struggle for liberation is one which women must wage for themselves, and men can only urge them...
...week long, Administration critics had been demanding more than verbal reassurance. New York Mayor John Lindsay called for a mandatory six-month freeze on wages and prices. The Organization for Economic Cooperation and Development, a 22-nation body, released a report that urged consideration of an "incomes policy" of voluntary controls. Banker David Rockefeller urged Nixon to depart from his economic game plan in favor of a little jawboning -or presidential persuasion-in an effort to hold down wage and price hikes. Even Congress, which has been notably reluctant to pass stringent anti-inflation measures, showed signs of its deep...
Dead Ends? A few companies have used Government training grants to subsidize their wage costs and have skimped on teaching. Others have used the program to recruit and hold unskilled labor in dead-end jobs. A California company, for example, contracted to give 322 hours of on-the-job training at a cost to the Government of $4,173 per man, but most of the jobs were so simple that it took only from two hours to two days to learn the routine. A Detroit manufacturer agreed to train machinists, but turned some of them into general laborers...
...Institute an income policy going farther than the one Arthur Burns suggests. Anything short of actual wage and price controls, which have usually proved to be inequitable and unworkable, might tempt businessmen and labor leaders to defy presidential wrath and increase prices and wages. But there is evidence that guidelines and "jawboning" intervention by the White House held down some prices during the Kennedy-Johnson era. Arthur Okun, a member of TIME'S board, figures that prices rose 1.7% a year between 1966 and 1968 for 15 jawboned industries, including steel, copper, autos and aluminum?but that prices jumped...
...FREE ECONOMY: The public interest would be well served if the Government proceeded to reduce tariffs, eliminate import quotas, reduce farm price supports, discourage restrictive work practices, reform the minimum wage, and enforce the antitrust laws more strictly...