Word: sectored
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...committee data indicates that real wages have fallen over the past seven years throughout the service sector. Take the custodians: in real terms, 80 percent of directly-hired custodians earned more than $10 an hour in 1994. Today, 82 percent earn less than $10 an hour. Or the security guards: in real terms, 58 percent of Harvard’s directly-hired security guards earned $14 an hour or more in 1994. In 2001, 58 percent of these guards earn less than $10 an hour, and not a single one makes more than...
...addition, over the past 10 years Harvard has increasingly turned to outside contractors for work in the service sector, citing costs and quality as the major reasons. Yet the quality of work done by direct hires, as measured by outside monitors “is comparable to that of contractors,” according to the committee report. So it is just about cutting wages: 50 percent of outsourced service employees earn less than $10 per hour, while 32 percent of directly hired service employees earn less than that. To put that in perspective, consider that the Economic Policy Institute...
...context for these declining service sector conditions must also be noted. State-wide housing prices have increased in the past two decades by 233 percent. All the while, Harvard’s investments have been growing at unprecedented rates, reaching a peak of $19.1 billion last year. Can Harvard afford a living wage? Consult the data: Harvard’s fiscal income for the year 2000 was $2.02 billion. Its expenses that year totaled $1.90 billion. When confronted with an annual operating surplus of $120 million, arguments about Harvard’s financial incapacity to pay a living wage ring...
...long, giving to charity was an act of blind faith. Then came the Internet and Arthur "Buzz" Schmidt to help givers see whether their money was being well spent. When Schmidt left the private sector a decade ago to raise money for an international development agency, he was stunned by how little number crunching potential donors could do. So he struck out on his own, borrowing 50 shoe boxes of microfilm from the National Center for Charitable Statistics, and in 1996 began posting the financial data of nonprofit organizations on the Web. Three years later, the former agribusiness executive started...
...Public trust is the most precious asset these organizations have," says nonprofit adviser Bob Boisture, who notes that the IRS hasn't expanded oversight in more than two decades, despite explosive growth in the charitable sector. That's where Schmidt comes in, using the information superhighway to create a national infrastructure for nonprofits. No more one-way streets...