Word: white-collar
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...soon release a detailed analysis of recent census data, and the Democrats can't wait to trumpet the economic findings. For the first time in postwar history, average wages and benefits have declined for four years straight, says the institute. Perhaps worse: wages of college-educated Americans, women and white-collar workers -- whose votes are crucial -- have been declining. Assuming Americans vote their pocketbooks, Democrats stand to gain...
...unique feature of the current recession, Medoff said, is that whitecollar workers are also suffering, as seen in the soaring unemployment rate among this class of workers. During the previous three recessions--which the economist classified as "blue-collar"--the percentage of unemployed white-collar workers actually declined...
Italy is burdened by public debt, 6.4% inflation and 10.2% unemployment. The great Italian trade names -- Olivetti, Pirelli, Fiat -- are struggling. For most citizens the implications of this recession are only beginning to sink in, but labor leaders say the crisi will soon hit the whole white-collar sector. Yet the country's planners look abroad for succor. "Everything depends on what happens in the U.S.," says Tancredi Bianchi, president of the Italian Banking Association. Confindustria, the employers' federation, is also hoping that "the symptoms of recovery are confirmed...
...little more than a biography in a suit. And then there is Iowa Senator Tom Harkin, whose embodiment of Rooseveltian notions of government intervention should command liberal loyalties. Instead Harkin is watching helplessly as crucial elements of what should be his core constituency, the country's leading white-collar union leaders, conclude that he is too strident and too liberal to appeal broadly in a general election. "Harkin sounds wonderful," says Lenore Miller, the head of the Retail, Wholesale and Department Store Union, who has signed on with Clinton. "But it's all too parochial...
...perceptual sense, the gloom is deeper because this time unemployment has hit an influential and vocal class of managers and other white-collar workers. "So many of us are seeing our peers thrown out of work," says John Rogers, who runs his own Chicago investment firm. "That's what's so frightening...