Word: work
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...course, for the 15 million people out of work, that's little consolation. So the government is poised to act. Here's a rundown of four sorts of ideas being bandied about, and how much we can realistically expect from each...
...General Motors and other car companies ramped up production - adding shifts and running plants on overtime - to meet the increase in demand. Now policymakers are talking about Cash for Caulkers, a program that would give homeowners an incentive to better weatherize their houses. The goal would be to create work for a construction industry that still hasn't found its feet in the wake of the real estate bust, while also pushing through a bit of the Administration's green agenda...
...long term, what the government does and doesn't do is incredibly important to the health of the labor market. Trade policy, corporate tax rates, the structure of health care - these things all have a real impact on economic growth. But Washington's tool kit doesn't work nearly as well in the short run. Right now companies aren't hiring for a very specific reason: there's not as much demand for their products and services. Callous as it may sound, high unemployment at the front end of an economic recovery is perfectly normal. (See TIME's special feature...
...economy. To next help out, say, bakers, policymakers would have to design a brand-new program. Plus, if such a program had an expiration date, we'd feel not just a rise in demand, but a fall later on as well. Car manufacturers and the people who work for them certainly did after the Cash for Clunkers discounts ended. (See 10 perfect jobs for the recession - and after...
...Balancing work and family life has proven to be a challenge for both men and women in Taiwan. According to the Swiss-based International Institute of Management Development, Taiwanese work some of the longest hours in the world, averaging nearly 44 hours a week, and Taiwan's women are very career-oriented. "Most women are afraid of losing their jobs" by taking time out to have a child, says Liu. He says Taiwan should follow the lead of European countries like Germany, where women are entitled to up to three years of maternity leave by law. Taiwan has been making...