Word: economists
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Dates: during 1980-1989
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Business groups contend that the increased labor costs from any hike jeopardize hundreds of thousands of jobs. Union leaders counter that such claims are exaggerated. Economists are of no help in resolving the dispute. Beryl Sprinkel, chairman of the Council of Economic Advisers, says a $4.65 base rate would eliminate 600,000 jobs, cost consumers $13 billion more a year and add $2 billion to the deficit. The Congressional Budget Office has projected that 500,000 jobs would be lost. But Economist F. Gerard Adams of the University of Pennsylvania argues that a higher minimum wage would cost no more...
This time Bentsen cut a wider swath in Washington. In the days before economist chic, he quickly established himself as the Senator with the numbers. His office was hung with spreadsheets and flow charts. In a world of financial illiterates, he became known as a man of probing analysis and computer-chip memory who actually knew how to wend intricate tax breaks for the oil and real estate industries through Congress...
Dukakis volunteers have covered the city with pro-Dukakis signs. These vastly outnumber signs put by a group calling itself "Concerned Massachusetts Democrats" which quote Harvard economist Robert Reich who claims Dukakis wasn't responsible for the "Massachusetts Miracle...
...Some economists believe most service companies, including fast-food chains and hotels, will be forced to raise wages over the next few years. Says Abel Feinstein, an economist at the Michigan Employment Security Commission: "There is no shortage of people to fill these service-sector jobs. If you increase wages and improve the working conditions, you won't have a shortage anymore...
Salinas, a 40-year-old economist with a doctoral degree from Harvard, campaigned on a platform of reform, promising political and economic modernization. As he stumped the country for eight months, he sounded the themes of pluralism and democracy, staking his reputation on a clean contest. While no candidate charged that Salinas condoned or abetted any of last week's purported irregularities, the allegations threw into question his ability to manage the P.R.I.'s apparatus...