Word: tradeoffs
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...Hill on the questions of veterans' preference and merit pay, which require legislation. Every major veterans' group in the nation can be counted on to mobilize against the change. The Government employees' unions will put up sim ilar resistance to the merit-pay proposal. As a tradeoff, they will demand a collective bargaining clause, which could lead to the same kind of excessive demands made by municipal unions...
...politics have failed as usual to consider. With the country's population rapidly becoming comparatively older and healthier, the legitimacy of mandatory retirement rules is an issue which the federal government must face. But the current bill will do nothing more than shift the burden of a nowin tradeoff onto the segments of our society that are already receiving the hardest knocks in the U.S. labor market. Ideally, individuals would be able to work as long as they are productive, just as they should be able to retire at a reasonable age, secure in the knowledge that society will provide...
Washington and many of Italy's other Western allies feared that the deal might amount to a psychological breakthrough for the Italian Communists. But for the moment the U.S. seemed prepared to accept the conventional view that the agreement was a successful tradeoff. "Each side," observed one Italian Cabinet official, "allowed the other to save face, knowing that in politics it is a mistake to over...
...changing of decisions until each group is in their most preferred house. As a result, Lowell House would be more crowded, but not too crowded, since a slightly emptier Mather House would then seem very attractive. Everyone would get the chance to maximize their utility be choosing the best tradeoff between the house they desire and conditions of crowding. Gone would be freshmen's complaints about being stuck at Radcliffe--everyone there would be there by choice. Gone would be complaints by students that their houses are too crowded--anyone could choose a less crowded house instead. The cost...
...critical challenge for politicians and economists alike has long been to try to find a way to soften the harsher injustices of U.S. capitalism without crippling it. That is the central dilemma that Economist Arthur Okun faces in an eminently readable, slim new book, Equality and Efficiency: The Big Tradeoff, published by the Brookings Institution in Washington...