Word: paid
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Dates: during 2000-2009
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...approach to retail stores is not terribly different. It may not be entirely coincidental that Wal-Mart was started in 1962 and McDonald's began in 1955. Millions of relatively young people, most of them parents, were only a decade removed from serving their country and not being paid a great deal for that service. It was a perfect environment for consumers to believe that something could be inexpensive and a good value at the same time...
...Workers at McDonald's and Wal-Mart are not paid well. Waiting on people in a big-box retail outfit or cooking and serving fast food will never pay well. The jobs don't require any special skills and so they do not come with a premium wage. Wal-Mart does employ 2 million people, which is a lot of individuals to keep on a payroll during a recession. McDonald's has 400,000. Neither place has announced significant layoffs and neither is likely to. (Read: "The Burger That Conquered the Country...
Take Kirkland House, kick everyone in it out of school (after they've paid...
...earn six figures, face the annoyance of not receiving pay raises, staff and service workers are threatened with losing their jobs altogether. In this economy, it is unlikely they can find new ones. In The Crimson and elsewhere, calls have been made for administrators, faculty, and higher-paid staff to take pay cuts to save jobs. Other institutions have done just this, but at Harvard these calls go unanswered. Harvard has the reputation of preaching concern for the public good but not practicing such concern when it comes to its own affairs. Unless administrators, faculty, and higher-paid staff start...
...financial incentives: Providers get paid according to how much care they provide, rather than how good it is. If a botched surgery lands you back in the hospital, for instance, that means more profit for the health-care industry. "They are often penalized if they provide more-efficient care, if they reduce readmission rates," Orszag says, adding that changing that kind of perverse incentive will be a major focus of health-care reform...