Word: whitecollar
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...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...
...passing judgment on businessmen, the courts face what Yale's Wheeler calls a "paradox of leniency and severity." Says he: "Many whitecollar criminals are first-time offenders who have records of contributions to their community and have often led exemplary lives. From that point of view, they deserve a great deal of leniency. On the other hand, they occupy positions of power and trust, and their violation of the law is significant. Judges try to weigh one interest against the other, and it's often a difficult...
...leadership, like boldness and enthusiasm, that cannot be written into bills and dropped in a legislative hopper. The Democrats have not had a candidate who possessed those qualities since John Kennedy. Reagan has been a master of the intangibles, emerging as a leader of a new populism composed of whitecollar, high-tech, professional, small-merchant voters itching for an assault on the Washington royalists...
...never been away. He spent the last years of the '60s making a trio of police dramas (Tony Rome, The Detective, Lady in Cement), and here he is, at 64, back in the N.Y.P.D. to solve one last crime before retirement. A whitecollar, black-leather maniac named Blank (David Dukes) is on the loose in Manhattan with an ice ax and too much spare time. Because the murders have been committed in different parts of town, the harried police captain offers Sergeant Edward X. Delaney (Sinatra) no help in cracking the case. The old campaigner must catch the slick...
Office workers, who sit at desks in pleasant buildings, may stay on in larger numbers, but not all that much larger. Less than 15% of Du Pont's employees, both blue-collar and whitecollar, elect to keep working until they reach 65. Says Employee Benefits Manager Leonard J. Bardsley: "This trend continued through 1978 even when they knew of the change in the law." Pitney-Bowes, Inc., abolished mandatory retirement last April 1. Since then, 105 of its workers have retired on or before their 65th birthday, and only ten have chosen to keep working more than...