Word: modeste
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...told Congress last week. But he left little doubt that the nation's 5.4% unemployment rate, among other signs of continuing strength, was putting pressure on him to raise interest rates further-probably as early as this week. Greenspan's goal: to pull back economic growth to a more modest 2.5% pace and thereby forestall inflation...
...effects of raising the minimum. The first concerns job loss. Standard theory holds that every hike in the wage triggers employee firings, with the least skilled axed first. That view has been challenged by several recent studies co-authored by Alan Krueger, the Labor Department's chief economist. A modest increase, says Krueger, would have ``negligible negative employment effects''--or, in plain English, next to no job losses. Negligible, though, is a term of art. Because wage- related costs like unemployment compensation and payroll taxes rise along with the basic wage, most experts say the contemplated hike...
Alluding to Krueger's work without naming him, the President said last week that the ``weight of the evidence is that a modest increase [in the minimum wage] does not cost jobs.'' That may be so, but Clinton's calculation was primarily political. ``We need the energized support of minorities and unionists, our core group of voters,'' says a Clinton adviser, ``especially if there's another three-way race...
...Carnesale ran over long history of stage,screen and concert performances, as well as hercommitment to political activism, the entertainerpantomimed modest embarrassment, playing to theaudience by sneaking under Carnesale's podium toget a glass or water...
...district was $67,680 last year, compared to $43,014 in New York City and an average salary of about $35,000 across the country. Because of his approximately $7,500 tax bill, he says, he has had to postpone replacing the plumbing in the bathrooms of his "modest, split-level home...