Word: hires
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Dates: during 1970-1979
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...also wise in the choice of Fred Pierce as president in 1974. The best-rounded of all the major network executives, with experience in research, sales, promotion, as well as programming, Pierce moved deftly to take advantage of his rivals' confusion. Almost immediately he tried to hire Silverman away from CBS. It took a while, but finally, in May 1975, Silverman crossed the street. Silverman's own success is tied to Pierce's, and, together, the two form the best team...
...more evident promise of further promotion?or not hire at all. The minimum wage, says Sociologist Riesman, is the product of "an alliance of the better situated labor unions with the liberals against the deprived and the elderly, whom people would otherwise employ for household or for city work that now doesn't get done." Adds Stanford University Labor Economist Thomas Sowell, a black: "Talk about people being unemployable is just so much rubbish. Everybody is unemployable at one wage rate, and everybody is employable at another." Perhaps not quite everybody. In a free economy, there will always be some...
Congress has been considering a proposal to reduce the minimum wage for all teen-agers to 75% of the adult minimum, but that might just inspire employers to hire well-schooled middle-class youth at the expense of older workers. A better compromise, suggested by Harvard Economist Martin Feldstein, would be for the Government to subsidize minimum-wage payments to the youthful unemployed. Directed specifically to the underclass, the program would allow businessmen to pay a fraction of the cost for jobs that they might otherwise refuse to fill. Another wise Government investment would be to shift some federal funds...
...services on a model?and ultimately profitmaking?basis. Business could also take over much of the job training now carried out in government centers under federal programs and probably do it better and cheaper and even profitably. Tax incentives, for example, could be designed to reward employers who hire the long-term unemployed and show results in upgrading their skills. Certainly, government-supported jobs of any kind are only a first, temporary step in lifting the underclass; the real solution is for members to get and hold private jobs...
...example, a company might hire three men for warehouse jobs instead of one man and a forklift. Under these conditions, says Jorgenson, "more new jobs are created and fewer are wiped out by technological change. As a consequence, we are going to have a more rapid return to full employment than people expect"-that is, when all but 4.5% to 5% of the work force have jobs...