Word: reich
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Organized by Janet Echelman '87, an instructor at the Graduate School of Design, and Adams House resident David E. Reich '96, the canvas mural was conceived as a piece of "collaborative art work, open to people to paint whatever theme they want to," said Echelman, who also serves as the Adams House resident art tutor...
Nonetheless, whether we like it or not, the "transnational" future is upon us: as Kenichi Ohmae, the international economist, suggests with his talk of a "borderless economy," capitalism's allegiances are to products, not places. "Capital is now global," Robert Reich, the Secretary of Labor, has said, pointing out that when an Iowan buys a Pontiac from General Motors, 60% of his money goes to South Korea, Japan, West Germany, Taiwan, Singapore, Britain and Barbados. Culturally we are being re-formed daily by the cadences of world music and world fiction: where the great Canadian writers of an older generation...
...Reich gets his way, the economic livelihood of thousands of people across the country will be put into grave danger. Study after study has proven that jobs are lost when the government coerces businesses to pay a certain wage regardless of the worker's contribution...
Proponents of Reich's proposal assert that it would help those who currently earn the minimum wage. It's certainly true that some will benefit from a wage increase of 12 percent. But surely, others will not appreciate a decrease of 100 percent...
What is most ironic about the minimum wage is that it actually ends up harming the people that it's intended to aid. Spokespersons for industries which employ a high percentage of low-skilled employees have already warned that Reich's proposal would likely leave them with no other alternative but to reduce employment...