Word: costs
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...effective and efficient such a program would be. First of all, it is misleading to imply that companies aren't hiring because workers aren't cheap enough. As Dale Mortensen, a professor of economics at Northwestern University, points out, workers are a real bargain right now. Unit labor costs - how much a company has to pay people to produce a unit of whatever it is that the company makes - have been flat or falling for all of 2009. Between the second and third quarters, labor costs dropped at an annual rate of 2.5%. "If you just look at the cost...
...What's not watered down is the tab. The cost of average tuition rose 6.5% this fall, and a report released on Dec. 1 by the Project on Student Debt showed that the IOU is getting bigger. Two-thirds of all students now leave college with outstanding loans; the average amount of debt rose to $23,200 in 2008. In the last academic year, the total amount loaned to students increased about 18% from the previous year, to $81 billion, according to the U.S. Department of Education...
...author of A Whole New Mind: Why Right Brainers Will Rule the Future says companies want more. They're looking for people who can do jobs that can't be outsourced, he says, and graduates who "don't require a lot of hand-holding." (Read "The Incredible Climbing Cost of College...
...Obama is also shrinking the war on terrorism because, although he won't say so out loud, he's scaled back Bush's assessment of American power. When Bush invaded Iraq, the U.S. was coming off a decade of low-cost military triumphs - from Panama in 1989 to the Gulf War in 1991 to Bosnia in 1995 to Kosovo in 1999. And back then, Afghanistan looked like a triumph too. It was easy to believe that the U.S. military - through a combination of force and threats of force - could prevail over a slew of hostile regimes and movements...
...society where the cost of living is high, the notion that kids are an unwelcome burden - taboo in many cultures - has become an accepted idea. Take the title of a recent panel discussion put on by Taiwan's Human Social Sciences Foundation: 'Having Children! Does It Hurt That Much?' "The hurt," explains the foundation's president, professor Liu Pei-yi, "refers to financial loss." In a research poll administered by Kun Shan University in 2007, students interviewed 100 residents of Taiwan between the ages of 20 and 40 about their family plans. One-third didn't plan to have...