Word: high-tech
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...program, which covers doctor and outpatient care, will pay $21.30 in monthly premiums by 1987 instead of the $18.60 they would have paid under previous law. Additional health-cost savings will come from two other measures: the elimination of a Government allowance used by hospitals for the purchase of high-tech equipment and the establishment of a schedule for laboratory fees...
Surprisingly, few new jobs are coming from high technology, which is often seen as the soul of the new U.S. economy. While advanced technical positions are growing fast, they still make up a small part of the total work force. For example, the number of computer systems analysts surged by 171% in the past decade, to lead all other occupations. Yet such highly educated professionals increased by only 127,000 during that period, or less than one-third the job gains recorded by cooks. In all, high-tech positions account for only about 13% of U.S. employment...
Although the number of people in high-tech occupations will continue to grow, it will be dwarfed by jobs requiring little or no higher education. An additional 53,000 computer technicians will be needed by 1995, but business will be looking for 800,000 building custodians. Observed Stanford University Researchers Russell Rumberger and Henry Levin in a recent study: "Neither high-technology industries nor high-technology occupations will supply many new jobs during the next decade...
...taken over by Sperry in 1947; he kept that operation running profitably during the 1960s when the company's Univac division was bungling its head-to-head computer competition with IBM. As Sperry's boss, he more than tripled revenues to $5.6 billion, pushed for high-tech sales to the Soviet Union, expanded ex ports so that 44% of Sperry's business was overseas, then saw foreign currency and interest fluctuations curtail company earnings before his retirement...
DIED. Peter C. Wilson, 71, English art salesman extraordinary and longtime chairman of Sotheby's, the world's leading art-auction firm, who was responsible for transforming the genteel, Old World establishment into a glamorous high-tech $575 million-a-year business; of the effects of diabetes; in Paris. After joining Sotheby's in 1936 as a porter, the normally reticent Wilson became a nonpareil auctioneer, dubbed the "fastest gavel in the West." Rising to chairman in 1958, he set about overseas expansion, establishing offices in Europe, Asia, Latin America and the U.S., notably in New York...