Word: offsets
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There are a few bright spots. Accounting firms and the U.S. government are recruiting more graduates than they did last year. But those employment gains are offset by other sectors like the consulting industry, which is predicting it will hire 90% fewer college graduates this year. "We're now recruiting at more normal levels after a period of unusual growth," says a spokesman at McKinsey...
When the school was small, he says, its dean could raise money to offset unanticipated overhead costs, a solution that has become infeasible...
...businesses subject to the living-wage laws. Last month a study of 36 cities with living-wage laws--conducted by David Neumark, a Michigan State University economics professor and an early skeptic of such laws--found that the slight job losses caused by the higher wages are more than offset by the decrease in poverty among working families. "The impact on businesses and governments is very small," says Robert Pollin, an economics professor at the University of Massachusetts at Amherst. "If there were any evidence otherwise, it would have shut down the living-wage movement a long time...
...contends, because much of the benefit flows to teenagers from middle-income homes who work part time at the Gap or Wendy's. Living wages, however, target the poor quite effectively. Many businesses have found that the productivity gains, lower turnover and greater loyalty that accompany higher wages help offset the costs to employers. A study by the San Francisco department of public health concludes that the increased income should have a buoyant effect on the health of low-income families and their children's education...
Most of the actors do credible work amidst the uneven material. O’Hara makes an appealing, if bland, Susan; Jack Noseworthy sings almost well enough as Dallas to offset his acting deficiencies; and James has enough range to hold down the center of a big Broadway musical, though one wishes he’d allow his voice more free reign...