Word: techs
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Dates: during 1980-1989
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...which covers doctor and outpatient care, will pay $21.30 in monthly premiums by 1987 instead of the $18.60 they would have paid under previous law. Additional health-cost savings will come from two other measures: the elimination of a Government allowance used by hospitals for the purchase of high-tech equipment and the establishment of a schedule for laboratory fees...
...work force. For example, the number of computer systems analysts surged by 171% in the past decade, to lead all other occupations. Yet such highly educated professionals increased by only 127,000 during that period, or less than one-third the job gains recorded by cooks. In all, high-tech positions account for only about 13% of U.S. employment...
...because high technology has an explosive impact on other occupations. Says Jerome Rosow, an Assistant Labor Secretary under President Nixon: "It generates jobs all around like a great catalyst." In Fort Worth, which is part of the so-called Silicon Prairie computer and electronics area of northeast Texas, high tech has added fewer than 10,000 positions since 1979, but it has helped to create service opportunities for another 92,000 workers...
Although the number of people in high-tech occupations will continue to grow, it will be dwarfed by jobs requiring little or no higher education. An additional 53,000 computer technicians will be needed by 1995, but business will be looking for 800,000 building custodians. Observed Stanford University Researchers Russell Rumberger and Henry Levin in a recent study: "Neither high-technology industries nor high-technology occupations will supply many new jobs during the next decade...
DIED. Peter C. Wilson, 71, English art salesman extraordinary and longtime chairman of Sotheby's, the world's leading art-auction firm, who was responsible for transforming the genteel, Old World establishment into a glamorous high-tech $575 million-a-year business; of the effects of diabetes; in Paris. After joining Sotheby's in 1936 as a porter, the normally reticent Wilson became a nonpareil auctioneer, dubbed the "fastest gavel in the West." Rising to chairman in 1958, he set about overseas expansion, establishing offices in Europe, Asia, Latin America and the U.S., notably in New York...