Word: pays
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...Pay Companies to Hire People If we want firms to go out and hire, why not give them an economic incentive to do so? This could be done by flat-out paying companies to hire, or by reducing their share of payroll taxes (the money that gets withheld from workers' paychecks to pay for Social Security and Medicare). Either way, adding a new worker becomes cheaper. We last tried this in the 1970s - the mechanism was a tax credit for hiring - and the results weren't particularly remarkable, though part of that could have had something to do with...
...would be. First of all, it is misleading to imply that companies aren't hiring because workers aren't cheap enough. As Dale Mortensen, a professor of economics at Northwestern University, points out, workers are a real bargain right now. Unit labor costs - how much a company has to pay people to produce a unit of whatever it is that the company makes - have been flat or falling for all of 2009. Between the second and third quarters, labor costs dropped at an annual rate of 2.5%. "If you just look at the cost side, this should be a labor...
...program - called the Community Living Assistance Services and Supports (CLASS) Act - would be funded by premiums and would pay enrollees $50 or more per day if they became too disabled to perform normal daily activities like eating and bathing. Employers who chose to participate would sign up their employees, who would then have the ability to opt out. The cash benefits could be applied to nursing-home care, but in an effort to encourage enrollees to stay in their own homes, payouts could cover such things as wheelchair ramps and wages for home health care aides...
Zuma describes the demonstrations as recurring annual phenomenon. But he is not complacent. "[The protests] say to the government that we had better move," he says. "It's a wake-up call. 'Deal with this! Pay serious attention!' If we do not deal with these things now, people will lose confidence in the ANC." That is the promise of Jacob Zuma. That after half a century in which so many of Africa's independence hopes soured into arrogant dictatorships, the new leader of its proudest democracy accepts that if he wants the job, he's got to earn...
...should follow the lead of European countries like Germany, where women are entitled to up to three years of maternity leave by law. Taiwan has been making progress in this area; in 2002, the government passed a law requiring companies to allow their employees two-year parental leaves without pay. This year, a policy came out that enables parents to take six months of parental leave while receiving 60% of their salary. But many say these changes only look good on paper, as most bosses discourage people from taking the time...