Word: demand
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...less. Which of course begs the question: How much do plumbers actually make? The standard assumption is that they earn a pretty decent wage. Americans want and need working pipes, just like they want and need their trash collected every few days - sanitation being another service always in demand by consumers and not always in demand by job-seekers, and typically pretty well paying as a result...
That said, a plumber's earnings vary widely depending on the region in which they work and whether a plumber owns a business that employs others. Journeymen in cities such as New York, Chicago, Los Angeles and Boston are in higher demand and command higher prices - up to about $250,000 a year. According to the Bureau of Labor Statistics' 2006 National Compensation Survey, pipelayers, plumbers, pipefitters and steamfitters nationwide made an average of $23 an hour, or about $46,000 annually for a typical 40-hour workweek. But those numbers lump different occupations together and don't give...
While the banking bailout may address the supply side of credit, it doesn't necessarily stimulate the demand side--where we all live. Across America, there is growing evidence that demand for credit--and everything else--is shrinking, with recessionary consequences. Two days after the Washington drama, the Fed's Beige Book report revealed that business was weakening everywhere, prompting the Dow to regurgitate 700 points. GM is shutting plants earlier than anticipated, idling 2,800 workers; PepsiCo, which reported falling sales in the U.S., is chopping 3,300 jobs worldwide. Demand for Samsung's DRAM chips is dropping...
...safe. Paulson had asked the FDIC to stand behind loans between banks. To Bair, that meant a whole new category of risks on her ledger and the prospect of greater FDIC payouts if the big banks cratered. In the end, Paulson and Geithner agreed to Bair's demand for higher insurance fees from banks getting federal bailout money; Bair agreed to guarantee the interbank lending...
...fact that there even exists a database seems proof to some that the number of a cappella groups has swelled in excess. DeSimone predicts that the current growth of the a cappella scene will soon subside by the law of supply and demand. He observes that the number of groups changes the way the campus perceives and acts toward a cappella...