Word: upper-level
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...farmers, who voted overwhelmingly for Giscard. Prosperity has largely bypassed the aged, struggling to live on fixed pensions at a time of 18% inflation, and the wage earners: two-thirds of France's 20 million workers struggle along on annual incomes of $4,800 or less. Salaries of upper-level executives average 4.6 times as much as blue-collar wages-the highest spread between employer and employee income in Europe...
Analyst Henle blames the structure of the U.S. job market. The number of high-paying jobs, such as engineer, computer programmer and upper-level civil servant, he finds, has increased, and salaries in those categories have risen markedly. But the number of very low-paying jobs-janitor, dishwasher and hospital orderly, for example-has not declined. Henle gives two reasons: an influx over the past few years of postwar babies, who despite generally higher educational levels act as a drag on the lower end of the job market, and an increase in women and part-time workers, who often command...
Godfather. The best thing around, and one of the best in a long time. Francis Ford Coppola's film doesn't really come clean on the roots and important effects of the Mafia, but its view of upper-level machinations is true enough, and its family saga moving. And the final statement--that the corporate Mafia, like corporate America, is hell--is hard to fault. Impeccably cast and acted...
...caught in a recession that reduced travel. Trippe had ordered 25 Boeing 747 jumbo jets that Halaby found he could neither fill nor sell. Though he fired or retired some three dozen senior executives in his first year as chief, Halaby was saddled with many more nonproductive middle-and upper-level man agers left over from the Trippe era. The company's unionized workers grew ever bolder in their demands, and Pan Am's average wages rose 8% last year...
...line is expected to break even for 1971. Halaby, on the other hand, started chopping staff in earnest only this year, but most of the 3,700 cuts so far have involved reservation clerks, cabin attendants and other low-paid or seasonal workers. An accretion of superfluous middle-and upper-level managers left over from the Trippe era -"the faded aristocracy," as Pan Am Vice President Frank Doyle calls them -has not been noticeably thinned out. In many of its 109 overseas outposts, the line maintains larger staffs than do competitors. In Honolulu, for example...