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Word: promotionâ (lookup in dictionary) (lookup stats)
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...more evident promise of further promotion???or not hire at all. The minimum wage, says Sociologist Riesman, is the product of "an alliance of the better situated labor unions with the liberals against the deprived and the elderly, whom people would otherwise employ for household or for city work that now doesn't get done." Adds Stanford University Labor Economist Thomas Sowell, a black: "Talk about people being unemployable is just so much rubbish. Everybody is unemployable at one wage rate, and everybody is employable at another." Perhaps not quite everybody. In a free economy, there will always be some...

Author: /time Magazine | Title: The American Underclass | 8/29/1977 | See Source »

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