Word: nakagama
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...rise in 1966, those relationships became distorted. Savers were penalized and speculators rewarded. People were angered at stockbrokers' taking four vacations a year and plumbers making $20,000; they felt that neither deserved it. "Inflation is a sign that something is terribly unbalanced in society," says Economist Sam Nakagama. "There is normally a relationship between effort and reward. Inflation rewards speculation." But in the recession, the stockbroker may be unemployed and the construction trades are under growing pressure to moderate their demands. "Recession restores a relationship between working and reward...
...that may reshape the market for companies that cashed in on rock records and teen clothing during the 1960s. The sub-teen population (ages five through twelve) will actually shrink, cutting into the demand for breakfast cereals, some soft drinks, toys and bicycles. Says Argus Research Corp. Economist Sam Nakagama: "American families can now spend money on themselves instead of their kids, getting rid of a great burden on family budgets." A burden will be lifted from state and local taxpayers too. Elementary school population is expected to decline until 1975 and remain below its present level even...