Word: wages
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Dates: during 1970-1979
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...strike continues, despite the Faculty's failure to join it, students are forced to fight the University while they fight Washington. Students must wage a battle with Harvard to gain the time they need to wage a battle against American genocide...
Black people's direction would be to wage a relentless revolutionary struggle against the three levels of oppression. Our direction will be alliance with other peoples of color who are poor and oppressed or subjected to poverty and wretched oppression. Our direction as a black people will be that of a massive, 30 million or more-which is what I believe the real population of black America is-thirty million or more black people being a vanguard type people of a revolutionary struggle...
...attempts to control inflation and simultaneously prevent severe recession, the Nixon Administration has used up most of its options. President Nixon has forsworn not only wage-price controls but also any "jawboning" intervention in individual pay and price decisions. Federal pay increases precipitated by the mail strike are wiping out the budget surplus that he had counted on to help restrain prices. In an election year, he can hardly call for higher taxes in order to frustrate inflation. Nor can he easily request lower taxes or much higher federal spending if recession seems the greater danger. Thus, unless he changes...
...worry, the board seemed to be aiming at about a 3% annual expansion of the money supply, which some economists thought too small. Lately, the governors have be come fearful of a renewed inflationary upswing. They are worried about such inflationary forces as higher Social Security payments, huge wage increases (see following story), the end of the surtax in June and the strong possibility of a budget deficit. Result: the FOMC is likely to expand money supply still more slowly, though no one intends to go back to zero growth...
That old construction wage game-Can You Top This?-regularly features a new union winner, but the International Union of Operating Engineers may hold top spot longer than usual. It has just ended a 15-month strike in Western Pennsylvania by accepting wage and benefit increases totaling as much as $3.70 an hour over the next four years. Of that, $3.11 will be in straight pay. By 1973, the wages of men who operate bulldozers, scrapers and graders will rise more than 55%, to $8.72 an hour, or $348.80 for a 40-hour week. Contractors will meet the extra cost...