Word: white-collar
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...factors that have little to do with racism. The first involves a change in the structure of the national economy: the decline in the number of well-paid industrial jobs available to low-skilled workers and the increase in the number of service jobs that either require white-collar skill or provide little chance for advancement. This had a disastrous impact on young black males, whose unemployment rate is more than double that of their white counterparts, and it leads to other social problems. Because there are only 60 or so stably employed marriageable men for every 100 women...
...more honest arbitragers lost an estimated $2 billion in the subsequent market turmoil. The latest arrests, says Daniel Bergstein, a senior partner at the Manhattan law firm Finley Kumble Wagner Heine & Underberg, "are a reaction to claims that the SEC was treating the investment-banking community different from other white-collar criminals...
High corporate rank has provided no immunity from the restructuring effort that has taken place so far. "The efficiency problem," Darman points out, "is a white-collar problem even more than a blue-collar problem." Between 1983 and 1987, some 600,000 to 1.2 million middle- and upper-level executives with annual salaries of $40,000 or more lost their jobs. An additional 200,000 to 300,000 such executives are expected to receive pink slips over the next two years...
Twelve years ago, Harrington, 52, lost the Democratic Primary for the same post to Belotti and switched parties to challenge Belotti again. Harrington says he will be tougher on white-collar and organized crime than was his Democratic predecessor...
Disappointed investors blame the financial squeeze on an overheated expansion drive led by Founder Doug Sheley, 39, who left the company last February. D'Lites outlets were successful in white-collar neighborhoods, but foundered when Sheley situated them in working-class districts, where most fast-food fans remained loyal to Big Macs and Whoppers. D'Lites' stock, after hitting a peak of 15 in 1984, the year it went public, sank last week...