Word: pollination
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...talk show. MICHAEL JORDAN had the Wizards. After 3 1/2 seasons at the helm of Washington's aggressively mediocre NBA team (and two seasons as the team's oldest and best player), Jordan got his walking papers last week in a rage-filled, 18min. meeting with Wizards' owner Abe Pollin. Jordan argued that as the greatest player in the history of the game--and as the man whose return to the court lined Pollin's pockets with $30 million of unanticipated revenue--he deserved more time to turn things around. Pollin countered that Jordan was a poor executive (he commuted...
...David Neumark, a Michigan State University economics professor and an early skeptic of such laws--found that the slight job losses caused by the higher wages are more than offset by the decrease in poverty among working families. "The impact on businesses and governments is very small," says Robert Pollin, an economics professor at the University of Massachusetts at Amherst. "If there were any evidence otherwise, it would have shut down the living-wage movement a long time...
...spoken at a lot of places lately, in part because so few economists are interested,?he says. ?t? slowly happening. Once people start saying that they care about economic justice, the logic of a living wage starts to acquire the force of inevitability.?But Pollin is careful to say that the push for a living wage is not limited to an ideological or moral call for social justice...
...Economists who argue against a living wage say that wages should be set according to productivity, and any form of governmental or institutional interference would result in a ?istortion in the market,?according to Pollin...
...University policy for how we set wages is to set them either through face-to-face bargaining at the bargaining table or to base them on what the market is paying for similar jobs,?Price says. ?t? market-based rather than need-based.?But Pollin argues that the marketplace cannot be relied upon to set fair wages. The economy is 66 percent more productive than it was in 1968, he says, but the minimum wage has dropped in a relative sense. People are being paid less and less for doing work, he notes...