Word: sectoral
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Dates: during 1980-1989
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Writing in the October 2 issue of the prestigious weekly. Howard Hiantt criticized the decrease in funding to the health sector that allocating $1.6 million dollars for defense spending has caused...
...People blame the school for students not having an interest in public sector jobs," said Thompson, "but the school is not at fault completely, although it is a corporate minded school...
...observers, Newsweek begins its analysis of U.S. economic woes by focusing on interest rates and federal spending. Interest rates are "strangling recovery from the current recession," and the solution is to "close the gaping deficits projected for coming years." According to this view, government borrowing competes with the private sector for a limited amount of money, making credit more expensive for everyone. But this places far too much blame for high interest rates on budget deficits. The real problem is not the size of the government's share, but the limited size of the entire money supply. Instead of swallowing...
...recreation of the Works Progress Administration. Even though deficits in and of themselves pose no great hazard to economic well-being, a policy of fiscal inconsistency does. A government that runs up huge debts while preaching the virtues of budgetary prudence confuses the public and clouds the private sector's ability to make sound decisions. That may be the only clear lesson of the Reagan Administration's experiment with supply-side economics...
...bloated wage scale results from a lack of fiscal restraint by the council and an arcane "prevailing wage clause" in the city charter, dating from 1925. In practice, the prevailing wage clause, requiring the city to pay its employees salaries at least equal to comparable jobs in the private sector, has become the rock-bottom minimum from which wage demands spiral upward...