Word: sectoral
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Dates: during 1980-1989
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Since taking office, the Administration has virtually eliminated HUD's function as a builder of low-cost housing, choosing instead to spend $5.8 billion on modernizing existing units. Reagan has proposed a private-sector substitute: a housing voucher program, whereby poor families could shop for housing in the private rental market with federally subsidized cash vouchers. The Administration argues that the program will save the Government money and give people more control over their choice of dwellings. Critics charge, however, that the supply of private, low-cost housing is too small, and the opportunities for landlord price gouging...
...conclusion from these broad categories. A lawyer handling small claims cases in Roxbury and a businessman bringing jobs to Detroit do more for society than a bureaucrat hiding cost overruns in the Defense Department. But the unfortunate fact is that most of us heading for the white collar service sector will work mainly to help ourselves and our socioeconomic kind...
...options. Law, business, and public relations pay a lot for these people--few other careers will. In 1982, the average Harvard Law School graduate starting with a law firm received roughly $40,000 for his first year. Harvard students with Bachelor's Degrees entering the private sector that year took about $20,000. Those heading to government or public service were paid between $10,000 and $14,000, according to Martha P. Leape, director of OCS-OCL. That is why a third of the government, history, and social studies concentrators go into law, and one-tenth go into government. That...
This of course assumes that students would prefer public service if the payoff were somewhat higher (though not necessarily equivalent to the private sector) and I am optimistic most would. It is quite noble to expect the American people not to ask what their country can do for them, but what they can do for their country. Given the tradeoff, however, most would choose the former. Nevertheless, it is unclear why the two must be mutually exclusive. If the option existed to do something for our country while our country did something for us, more people would clearly help...
...quell the protests, the finance ministry has worked out an agreement with the Histadrut, the labor federation respon sible for 90% of Israel's public servants and 700,000 private-sector employees. Ev ery worker will get an additional $43 a month to help compensate for inflation, at least until April 1 , when the present set of wage agreements expires...