Word: hike
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Dates: during 2000-2009
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Ever since, however, critics and supporters have slugged it out over the minimum wage: some say it destroys jobs by making it too expensive to keep workers. University of California professor David Neumark estimates that the July 24 hike will end up costing some 300,000 jobs for young adults and teens by making their employment prohibitively expensive for enterprises already facing rapidly eroding profit margins...
With the U.S. trillions of dollars in the hole, 70 cents an hour sounds like chump change. But it's a big boost for the millions of workers who earn that much extra as of July 24. The increase is the third and final uptick in a hike that has since 2007 boosted the federal minimum wage from $5.15 to $7.25. In total, the extra $2 and change translates into a yearly raise of some $4,400 for a full-time minimum-wage worker, nosing his or her family of four above the poverty line. (See 10 ways your...
Other economists note, however, that because a majority of minimum-wage earners work in outsourcing-resistant service jobs, businesses will have a hard time handing out pink slips en masse. Researchers at the University of California at Berkeley found that after an 80-cent New Jersey minimum wage hike in 1992, employment in the state's fast-food restaurants rose slightly faster than in Pennsylvania, where the minimum wage did not change. (The law's effects showed up, instead, in prices: the tab at New Jersey fast-food restaurants grew about 4% faster than at greasy spoons in Pennsylvania.) Instead...
UPDATED: 1:45 A.M. Jocelyn G. Karlan '12, a Harvard student who had been tutoring children in Ecuador for nearly six weeks and was reported missing Sunday morning during a hike in the Andes mountains, was found by a helicopter and rescued Monday evening, her mother said in an interview with The Crimson. "They're all a bit beaten up, dehydrated and exhausted," she said. "Jocey had some scrapes but nothing that required a hospital visit...she's back in the hostel...
...find the students, sending out search teams by foot as well. Karlan and her companions had been staying in the indigenous village of Otavalo working with local children as part of the humanitarian group Village Education Project. Her mother said that the trip was originally planned as a day hike, so the group had not brought much water or food. She said that her daughter had been traveling with fellow students each weekend. After talking to her daughter earlier this evening, Karlan's mother said that "[Jocelyn] is extraordinarily resilient and always has been." She added that the missing students...