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In 2007, Circuit City fired more than three thousand of its most experienced salesmen, replacing them with newer workers whom it could pay less.
Its use has declined at some 401(k) providers since many newer workers are ushered into target-date funds, which automatically rebalance.
Many newer workers, especially those in countries that moved from communism to capitalism in the 1990s, have known only boom times since then.
For workers in lower-wage occupations, median wages fell 2.3 percent after inflation — partly because many of the newer workers hired had lower wages than others in that group.
But the North Atlantic shipping council on Tuesday refused to extend its contract with the longshoremen unless the union agreed to a lower pay scale for newer workers in the extension.
My core crew of six people had the chops to do the job, but paying them the going rate for those skills meant that we couldn't afford to distract them with teaching duties, which meant that newer workers never got real training.
Similar(50)
Last year, two new workers arrived.
Conrad Bell is one of these new workers.
She was flooded with new workers.
But they also stopped recruiting new workers.
Can the new workers be disciplined?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com