
Week in Work
Productivity Gains = Higher Paychecks, Say Economists
U.S. workers' productivity grew by 2.2% in 1998 -- and resulted in the biggest after-inflation paychecks in 12 years. Analysts say the increased output per hour of work is thanks to computers and other high-tech changes. For the rest of 1999, forecasters see continued, inflation-free growth.
No More Pain-in-the-Neck Jobs
Under new federal standards announced by the Occupational Safety and Health Administration, employers must provide work stations designed to prevent neck, back, and wrist injuries. The guidelines were written with help from experts in ergonomics, the science of adapting workspaces to fit people. Injuries and illnesses due to musculoskeletal stress caused by bad workspace design cost employers $15 billion a year.
Many Don't Max 401Ks, Says Study
Some 21 percent of eligible employees don't take advantage of their companies' 401K retirement savings plans, according to new research, and many who do don't put in enough to receive the full amount of their employer's matching funds. Almost half of all 401Ks have account balances under $10,000. Analysts say holdouts are forsaking clear long-term benefits for short-term cash needs.
Amish Kids Can Work, Says House
Under new legislation passed by the House of Representatives, Amish children will be allowed to work in sawmills and other woodworking settings. Federal law bans children under 16 from working in manufacturing settings, but the Amish end official schooling in the eighth grade. After that, children are expected to learn hands-on skills from family and community members.
Wall Street Firm Hit with Bias Complaints
More than 900 women have joined a discrimination complaint against Wall Street titan Merrill Lynch, claiming the firm regularly funneled tips, clients and business to its male brokers. Under a new plan for dealing with bias cases in the securities industry, the case will be decided by a court-supervised mediator. There is no maximum or minimum on the amount of money the women could be awarded.
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