Word: wages
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...couple of years ago, for example, a San Francisco playwright named Joan Holden had the somewhat unpromising notion of turning Nickel and Dimed, Barbara Ehrenreich's best-selling book about her experiences as a minimum-wage worker, into a stage play. The result is an episodic but incisive series of vignettes about the impossibility of making ends meet while waiting tables in Florida, scrubbing toilets in Maine and stocking discount-store shelves in Minnesota. Nickel & Dimed has its deficiencies as drama, but it's a rare example of theater that tries to open people's eyes to the way life...
...speakers. Living wage sit-ins. Groundbreaking medical studies. Grade inflation. Private-spats-turned-public-fodder between professors and administrators...
President Bush's proposed solution is a package of tax cuts mainly for upper-income Americans. The current "recession mentality," he argues, has led to extensive corporate cost cutting and downward wage pressures that will abate as the economy revives. "When demand goes up, wages will follow," Bush says. No doubt faster growth, when it comes, will help boost employment and stabilize pay. But it is unlikely that wages will rebound quickly. The world has changed. The spread of technology and skills, of Internet communication and cheap shipping, means that today more U.S. firms must compete against foreign rivals that...
...steelworkers' union has willingly taken part in a vast restructuring of pay and benefits spearheaded by New York City investor Wilbur Ross. His International Steel Group (ISG) recently completed its third major acquisition in two years, buying most of the assets of bankrupt Bethlehem Steel. Ross warns of more wage pressure ahead: "If we don't reform our labor system very soon, we won't have a manufacturing sector to worry about." He is taking aim at work rules that prevent union steelworkers from performing as efficiently as foreign competitors or nonunion rivals at U.S. mini-mills...
...WAGE RAGE Even those who are lucky enough to keep their jobs are seeing their paychecks freeze or, worse yet, shrink. Why are American workers dying the death of a thousand pay cuts...