Word: slowdown
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...whole debate over illegal immigrant labor is likely to change in the next few years because a low birthrate in the 1960s has caused a slowdown in the growth of the American labor force. Government experts forecast that the increase in job openings will exceed the growth in the number of workers in the next decade. If the projection is accurate, the U.S. will need even more immigrants to keep the economy growing...
Much of the concern comes from people who favor continued immigration, but who fear the consequences if a slowdown in the economy were to heighten the sense that immigrants, especially illegal ones, take jobs away from Americans. "We could have a terrible backlash, a terrible period of repression," warns the Rev. Theodore Hesburgh, president of Notre Dame and chairman of the Select Commission on Immigration that was established by Congress in 1978. "People tend to forget that twice in our lifetime, this country has rounded up hundreds of thousands of Mexicans and pushed them back over the border.* That...
Analysts viewed all these events as proof that the once glamorous computer industry is in a serious skid. "This is not a slowdown," said Esther Dyson, editor of the trade journal Computer Industry Daily. "This is an old- fashioned, dog-eat-dog shake-out. Before it's over, there's going to be a lot of red ink and some casualties. It's not going to be a pretty sight." The industry is still growing, to be sure, but at a dramatically reduced rate. It will show an estimated 23% gain this year, in contrast to a 56% increase...
...latest product introductions also seem to have been timed poorly. In February IBM unveiled its Sierra line, a family of mainframe computers to be delivered this fall. The announcement sharply curtailed sales of existing systems as prospective buyers waited for the new machines. IBM expected only a mild slowdown in such business...
Responding in part to a slowdown in the industrial sector, the Federal Reserve last month lowered the discount rate a notch...