Word: labors
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Dates: during 1990-1999
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...caught up to the reality that basic and higher education plays an increasingly important role in the determination of incomes and livelihood. Human capital can be defined as the skills and technical knowledge workers possess. It is analogous to physical capital in that it is a complement to labor productivity and (by extenion) a complement to labor demand. It is also analogous to physical capital in that it represents the outcome of an investment: a costly expenditure in which benefits are spread out over a long period of time...
...beneficiaries of the highest growth rates in wages. Life for low-skilled workers, in comparison, will become increasingly precarious over time. In a future global economy where (among other things) a billion Chinese willing to do the same work for less than half the wage will flow into the labor market, living among the highly skilled will be the safest place for most Americans to be. The focus of each of the parties should be to channel more Americans into this dynamic and upwardly mobile segment of the labor pool...
...quality to jobs by stimulating an increase in physical and financial investment. The argument is that by effectively making capital cheaper (or more valuable, depending on your perspective) the government will stimulate more capital formation and greater research and development. Subsequently, the short-term and long-term demand for labor will increase...
...strategy may be to focus on the most direct approach to job stimulation. There are two basic aspects to the problem of job-stimulation. The first is the reluctance of the private sector (for many reasons stemming from strong competitive pressures, excessive regulation, etc.) to increase its use of labor relative to its historical demand for labor. The GOP proposes to address this aspect of the jobs problem through the mechanism of the capital gains...
...National Labor Relations Board has about as much of a chance as settling this dispute as Clinton had with implementing his health care plan...