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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Feb 16, 1975
Page
10
In New York the recession harms luxury car hires as executives and stars curb expenses. Owners fear layoffs and fleet cuts while chauffeurs report a sharp drop in high end runs and bookings since 1975.
Unemployed workers flood Florida citrus groves creating the largest harvest time labor surplus in 25 years. Growers cut wages by up to 10 cents a box as pickers earn about 35 to 40 cents per box, down from 40 to 45 cents, with some crews limited to two trailers per day and four day weeks. Union leader Diana Lyons compares the squeeze to the Dust Bowl era and Great Depression dynamics. Industry sources estimate two to three applicants per job among about 26 000 openings.
The AP projects that a 1 percent permanent add on CPI adjustments could cost taxpayers $100 billion or more by 1990. By 1973 retiree figures, a typical federal worker could gain about $27,500 over life, with some scenarios showing much larger overpayments. The system’s rise outpaces inflation, sparking concerns about long term costs and calls for evaluation.
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