Word: low-cost
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...seek larger marketplaces, the U.S. will meet more and stronger competitors. Japan, the most potent of them all, is pushing into such American strongholds as biotechnology and supercomputers. Western Europe is coming up fast in aeronautics and office equipment. The newly industrialized countries are staking out their turf as low-cost producers of everything from steel to TV sets. And the U.S. may face a fresh competitive breeze from Canada as a result of the free-trade agreement the two countries reached...
...reason for the storm warnings is the U.A.W.'s main demand: job security. The autoworkers (average hourly wage: $13.50) are aware that low-cost foreign imports and Japanese-owned U.S. assembly plants make impossible any significant pay hikes by American carmakers. Instead, the union is focusing on the Big Three's shrinking share of the $200 billion U.S. auto market (currently about 70%) and the growing use of foreign suppliers to cut costs. The companies are trying to save money by trimming their domestic labor force, and the U.A.W. has lost more than 400,000 members since 1979. The union...
...have to. The next day IBM also made a major foray into the world's $9.8 billion-a-year educational and home markets with two of its own new low-cost machines. The company hopes the models, which start at $1,350, will generate much more excitement than its PCjr series, which fizzled 16 months after a November 1983 introduction. The new IBM Model 25, for example, which sells for a suggested list price of $1,695 with a color monitor, boasts five to eight times the memory of a PCjr, a larger, easier-to-use keyboard and greatly improved...
...problem, but it is most acute in the Los Angeles area. Steep rentals and a dearth of public housing have combined with a surging population to push people into makeshift shelters. Some fear that, given the fact that poverty is slowly increasing in the U.S. while the quantity of low-cost housing is shrinking, the L.A. trend may be the wave of the future for the nation's working poor...
...pump jockeys to keep the cars running? Not from the local working class; in many communities there is none. Manual and low-paid clerical workers cannot afford the housing prices (Orange County median price for a new home: $125,000); indeed, many of the children who grow up in those houses must move elsewhere when they start their own families. And residents fearing still greater congestion fight bitterly and usually successfully against construction of low-cost, high-density apartments...