Word: boom
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Dates: during 1980-1989
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Homer attributes the boom to a general economic upsurge in the Harvard Square area, combined with the fact that the Harvard name carries a certain cachet in the eyes of many employers...
...Reagan era draws to a close, Dukakis has a unique opportunity to put forth a spirited defense of liberalism. Huge pockets of Americans--most noticeably women and minorities--have been left disenfranchised by the uneven economic boom of the 1980s. Problems that have gone unaddressed during the Reagan administration--homelessness, the need for universal health care, and the disparity between women's and men's wages--are beginning to gain national attention...
...share of national income raised in federal taxes is exactly what it was in 1979, but the share returning to individuals in the form of transfer payments (Social Security and so on) has gone up. The Government borrows the difference, thus replacing national savings with consumption. The 1980s' consumption boom, Friedman notes, has been financed in three ways: by this shift in the Government budget; by a larger share of the population in the work force (owing to the maturing of the baby boomers and women going to work, two social trends that have just about reached their limit...
...spend more time with a child, the employer could easily fill her slot with another worker. During the 1970s, the U.S. work force increased by an average of 3 million people a year. But in the next decade, as the baby bust -- the smaller generation behind the huge baby boom -- comes of age, the labor force will grow more slowly than at any other time since the 1930s, expanding by just 1.3 million new workers each year. Says Tom Blumer, director of human relations at Corning Glass: "We no longer have the luxury of an unlimited labor supply...
Since Florida joined 27 other states and plunged into the lottery business last January, gamblers have plunked down more than $1 billion for lotto or scratch-off tickets, and the state has tucked away $350 million for its schools. Not everyone enjoys the boom, however. Merchants find the growing lines of ticket buyers a headache. Their annoyance was dramatized last week, following Florida's record $55.1 million payoff, when President James Kufeldt of Winn-Dixie Stores gave the state a month's notice that his 471 supermarkets are pulling out of the games. Swarms of ticket buyers were sometimes "impairing...