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...putting more money into the pockets of consumers and most businesses, and it will ultimately stimulate sales and investment. But in the short run, the oil-price drop has wreaked havoc among U.S. energy producers, which have cut back on exploration and production, thereby dragging down U.S. output and employment...

Author: /time Magazine | Title: Ahead: Growth and Danger | 7/28/1986 | See Source »

...compare one worker objectively with all the others, then reward the speedy ones and warn the laggards. Not all employees find the surveillance oppressive. In fact many, particularly the hardest workers, prefer the new evaluative technique because they see it as a matter-of-fact measurement of their output as opposed to a boss's personal opinion. Says R. Douglas MacIntyre, a senior vice president of Management Science America, which develops monitoring programs: "We are letting management make better, quicker decisions based on facts, not emotions...

Author: /time Magazine | Title: The Boss That Never Blinks | 7/28/1986 | See Source »

Such incentives motivate many employees, but others view computer monitoring as a throwback to 19th century sweatshops, where workers were paid according to their output. Today's version of piecework comes into play when employers set quotas that they want workers to meet under the new monitoring systems. Labor leaders contend that the working speeds are often set according to how fast the equipment can go, rather than what pace is comfortable for an average employee. Says Joseph Weizenbaum, professor of computer science at M.I.T.: "There is a widespread notion among employers that it is bad ever...

Author: /time Magazine | Title: The Boss That Never Blinks | 7/28/1986 | See Source »

...store the huge harvest, much tougher questions will loom as unavoidably as tarpaulin-covered mountains of wheat. The unsentimental truth is that America's farm industry, once a source of pride and power, has become an economic burden. Because so many other countries have improved their agricultural output, maintaining America's vast farming capacity is now a costly exercise in excess. During fiscal 1986 the expense to taxpayers for supporting farm programs will reach, according to the Government's estimates, $24 billion -- a 36% increase over last year. As exports shrivel and imports increase, the U.S. agricultural industry no longer...

Author: /time Magazine | Title: Amber Waves of Strain | 7/21/1986 | See Source »

...available components, the Microsoft Disk Operating System (MS DOS) and the Intel 8088 microprocessor chip. Reason: IBM wanted to use standard equipment so that software companies would write programs for its computer. The only element of the PC that IBM copyrighted was the integrated circuit called the Basic Input Output System (BIOS), which controlled how the software interacted with the hardware. But by building circuits that simulated the BIOS, enterprising computer jocks created machines that could legally run the same software as IBM's machine...

Author: /time Magazine | Title: Cut-Rate Computers, Get 'Em Here | 7/21/1986 | See Source »

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