Word: 80s
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Dates: during 1990-1999
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...export growth won't excite American workers very much until they see more of the benefits that American businesses are reaping. For three decades after World War II, higher American wages followed closely upon improvements in productivity. That stalled when companies grew bloated in the 1970s and early '80s. After the widespread layoffs that ensued, labor found itself in a weakened position, which allowed employers to hoard the new gains as productivity turned back...
...minutes were soon up; by the end of the '80s, M. Loaf was coaching kids' baseball in Connecticut. Meanwhile, Steinman worked on several off- Broadway musicals and created some wondrously pretentious, infectious numbers for Bonnie Tyler (Total Eclipse of the Heart) and the film Streets of Fire. If the Druids had needed jingles for their oak-grove revelries, Steinman would have been the man to write them. But his songs needed Meat Loaf's urgency to lift their rude majesty to Ouch over High C. So the old colleagues reunited for Bat Out of Hell II: Back into Hell...
...hear the blather about cold war consensus, one would think that the '80s never happened. At every turn, on every issue for which there presumably was one simple, knee-jerk, anti-Soviet answer -- the MX, El Salvador, Nicaragua, Grenada, "Euromissile" deployment -- there was deep division. And practically every time, liberals, so wistful now for the easy choices of yore, made the wrong choice...
...from the union for allegedly taking kickbacks in return for investing the local's money in a pension-fund scheme. Carey, who received immunity in return for testimony, stated he had no knowledge of those investments, even though they were the local's biggest cash outlay in the early '80s...
...guesswork. There is only one safe prediction about the job market of the future: it will not bear much resemblance to the recent past. Asked when the job market might get back to normal, Greenberg of the A.M.A. states, "If your model for normal is the 1960s, '70s or '80s, we will never get back to normal because 'normal' is based on a whole set of global economic conditions that no longer apply." And that does not even take into account the relentless and accelerating pace at which technology is changing work as well as every other aspect of life...