Word: hire
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Dates: during 1980-1989
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Weitzman contends that even in good times, fixed wages are a barrier to increased employment. Companies today are afraid to hire too many new employees because they do not want to be stuck with them when the economy turns down. But in a share system, says Weitzman, the company would have more incentive to hire new employees. The workers would be there to help when business is good, but they would not be a drag on earnings when it is bad because the employees' average pay would fall along with revenues. Workers might be willing to take...
...economist admits that his plan would not succeed if only a few companies adopted it. These firms would hire large numbers of new workers, and because the revenue pie would be split into many more pieces, the average pay might be reduced to levels that employees would not accept. But Weitzman argues that if many corporations embraced the share system, the pool of qualified people looking for work would be depleted fairly quickly. Each company would then be able hire only a relatively few workers, but the overall impact would be a large boost in employment throughout the economy...
...film community in the 1950s and early '60s after refusing to testify before Congress about his Communist associations; in Los Angeles. His Oscars were for wartime documentaries: Moscow Strikes Back (1942) and The House I Live In (1945); among his other notable screenplays were This Gun for Hire (1942) and The Naked City (1948). "To understand all," he once said of the blacklist and his years of Mexican exile and pseudonymous work, "is not to forgive...
...hour instead of the regular $3.35 minimum wage. In his first major speech as Labor Secretary, William Brock last week promoted the President's plan for a summer-long subminimum wage for young people. The Administration claims that it would reduce costs for businessmen and inspire them to hire some 400,000 more workers...
...Says Jesse Rhone, an office manager for the Texas employment commission: "Until the private sector assumes greater responsibility to employ these youths, the problem is not going to go away." Chicago Mayor Harold Washington will soon appear in local TV and radio ads in which he implores businessmen to "hire the future." In New York City, Metropolitan Life Insurance has taken charge of a proj-ect in which companies will employ 30,000 youths this summer in exchange for federal income tax credits...