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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50

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Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers

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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

2

Apple’s Steve Wozniak says he cofounded the tech giant after 5 rejections from HP—not to ‘make money.’ For years, his paycheck was just $50

3

Indeed chief economist says we’re entering an era of ‘great mismatch’ thanks to a generational imbalance of workers
Magazinemasthead

Fortune Magazine Masthead: January 14, 1980 (Vol. 101, No. 1)

Fortune Editors
By
Fortune Editors
Fortune Editors
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Fortune Editors
By
Fortune Editors
Fortune Editors
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January 14, 1980, 1:00 AM ET
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Time Inc.

EDITOR-IN-CHIEF Henry Anatole Grunwald

CHAIRMAN OF THE BOARD Andrew Heiskell

PRESIDENT James R. Shepley

EDITORIAL DIRECTOR Ralph Graves

GROUP VICE PRESIDENT, MAGAZINES Arthur W. Keylor

VICE CHAIRMAN Arthur Temple

FOUNDER Henry R. Luce, 1898-1967

Fortune

MANAGING EDITOR Robert Lubar

ASSOCIATE MANAGING EDITOR Daniel Seligman

EXECUTIVE EDITORS Richard Armstrong, Paul B. Finney

ASSISTANT MANAGING EDITORS William Bowen, Allan T. Demaree

ART DIRECTOR Ronald N. Campbell

BOARD OF EDITORS Tom Alexander, Robert Ball (European editor), Evelyn Benjamin, Gumey Breckenfeld, Juan Cameron (Washington), A. F. Ehrbar, Edmund Faltermayer, Walter Guzzardi Jr., Donald D. Holt, Emmet John Hughes, Mary E. Johnston, Louis Kraar, Carol Junge Loomis, Todd May Jr., Walter McQuade, Harold Burton Meyers, Herman Nickel (Washington), Sanford S. Parker, Wyndham Robertson, Roy Rowan

ASSOCIATE EDITORS Peter W. Bemstein, Vivian Brownstein, Charles G. Burck, Gene Bylinsky, Lorraine Carson, Mary Greenebaum, Linda Synder Hayes, Ann Hengstenberg, Patricia Hough, Walter Kichel III, Patricia A. Langan, Arthur M. Louis, Edward Meadows. Hugh D. Menzies, Herbert E. Meyer, Alicia Hills Moore, Aimee L. Morner, Jane A. Mull, Susie Gharib Nazem, Peter Nufty, John Quirt (Los Angeles), Lenore Schiff, Lee Smith, Kathleen Carroll Smyth, Stephen Solomon, Alexander Stuart (Houston). Jo Thomson, Eleanor Johnson Tracy, Bro Uttal, Marilyn Wellemeyer.

REPORTER/RESEARCHERS Andrew Baird, Andrea Ball, Rosalind Klein Berlin, Peter Bohr, Andrew C. Brown, Anna Cifelli, Geoffrey Colvin, Seth Cropsey, John J. Curran, Marta Fitzgerland Dorion Peter Dworkin, Hugh M. Hyde Jr., Susan Kinsley, Richard I. Kirkland Jr., Renée Leggett, Nancy Martin, Philip Mattera, Lisa Miller Mesdag, Ann M. Morrison, Peter David Petre, Carla Rapoport, Fay Rice, Stratford P. Sherman, Pamela Sherrid, Shawn Tully, Margot Wellner, Grant F. Winthrop, Suzanne Wittebort, Wilton Woods.

CORRESPONDENTS London: Frank Melville; Rome: Walter Galling; Zurich: David B. Tinnin; Tokyo: Frank Iwama

ART STAFF Leonard Wolfe (associate director), Libby Watterson (picture editor), Janice Pikey (assistant picture editor), Jean Held (graphics), John R Martinez, Leo F. McCarthy, Barbara R. Smyth (designers), Maureen Dutty Benziger, Pamela Beryl, Mary Dawn Earley (research), Joan Hoffman, Dan Mason

COPY DESK Dorothy Spence Illson (chief), Joyce Lautens O’Brien (deputy), Carol Gwinn, Emily Mikszto Salzberg, Jane Sandiford

COPY PROCESSING Joseph L. Mazella (manager), Donald G. Biglands (deputy)

PRODUCTION STAFF Sidney Sklar (manager), Donald G. Biglands (deputy), Maureen Mallon Cluen (assistant manager)

EDITORIAL SERVICES Norman Airey (director)

PUBLISHER Edward Patrick Lanahan

ADVERTISING DIRECTOR James B. Hoefer

CIRCULATION DIRECTOR William C. Taylor

BUSINESS MANAGER Marie Cherichetti

PROMOTION DIRECTOR Howard Kaplan

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