The Share Economy at Work

BY busadmin  April 3, 2009 at 3:00 PM EDT

The U.S. economy has lost millions of jobs over the past year. And in order to avoid further layoffs, many organizations are asking employees to make painful sacrifices – wage cuts, fewer benefits, and unpaid leave. We’ll explore this in a segment scheduled to air on the NewsHour Friday about the “share” economy.

At Boston’s Beth Israel Deaconess Medical Center, more than 400 positions have been saved thanks to executives taking lower salaries and employees offering donations. The hospital’s CEO, Paul Levy, recently told spoke with me about how he and his staff worked together to save as many jobs as possible. Watch the interview here in this Web extra.