Word: techs
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Dates: during 1980-1989
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...power? McDonald's now employs more workers than U.S. Steel. Can such trends continue? Business leaders in the older sectors of the economy insist that they cannot. Says John Nevin, chairman of Firestone Tire & Rubber: "It's utter nonsense that we are going to become a high-tech and a service economy. The high-tech companies have more manufacturing offshore than here. The idea that we can have an economy by selling hamburgers to each other is absurd...
...direction of education is as much a concern as its poor quality. High school curriculums have tilted toward home economics, music and driver education at the expense of the math and science needed for jobs in the new high-tech industries. About half of all students take no math after the tenth grade, and 80% drop science. Says New York City Investment Banker Felix Rohatyn: "The more we look at tomorrow's technologies, the more we see a need for higher skills. So far, our educational system really has not been geared to producing those skills." Several companies have...
...industry in the New Economy will involve such showy high-tech fields as microchips, computers and lasers. A large number of unglamorous service jobs will proliferate between now and 1990 (see table). And many new products will be low tech or no tech. A typical example: one of the greatest growth industries for the rest of the century will be the broad field of health. Americans are living longer, and the children born during the baby-boom years (1946-64) are trying to guard their youth as they head toward middle age. Fitness is a health-related business that...
...High tech is trying to get into the fitness business with more and more electronic whizmos that give exercisers a more precise idea of how much energy they are expending. Huffy of Dayton, Ohio, a maker of stationary exercise bicycles, next fall will introduce its Model 500 Aerobic Fitness Cycle. Sensors in the handgrips will check pulse rates and display them on a small screen. Price...
Discussions among computer makers tend to be high-tech talk tinged with evangelism. This year portable computers were gospel. As many as 40 companies have introduced portables that range in size from relatively bulky 30-pounders to lap-size models that weigh about...