Word: delta
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...Worker unrest is particularly rife in Guangdong, one of China's main industrial centers, where exports surged 24% to $190 billion?one-third of the national total?last year alone. Yet base assembly-line wages in the Pearl River Delta, the province's manufacturing belt, have been virtually frozen at about $80 per month for the past decade, according to a recent survey by the Ministry of Labor and Social Security. Factor in inflation over roughly the same period, and average pay in real terms has declined by as much as 30%. The reason: China's rise as a manufacturing...
...just as for oil and soybeans, the labor market is also subject to the rules of supply and demand?and the Pearl River Delta is facing a manpower shortage of 2 million workers, according to the Labor Ministry survey. Manufacturing capacity has expanded so rapidly in the past several years that the stream of migrants from the poor countryside is no longer large enough to replenish the labor pool. Rising agricultural incomes in recent years have started to keep many would-be migrant workers back on the farm...
...formality"). The next stop is England, where Soth's Mississippi exhibition runs at the Open Eye Gallery in Liverpool until Jan. 29. Shot over five years with a large-format camera, Soth's work depicts a journey that progresses from the Mississippi's snow-covered northern reaches to the Delta's squalor. But Sleeping by the Mississippi is less about the river than the spirit of wandering. This is classic American road-trip photography that captures the tender frailties of ordinary people like Charles, a model-plane buff in Vasa, Minnesota. Selections from the exhibition will move to the Minneapolis...
Other Big Six carriers will face pressure to follow, despite the industry's significant financial woes. "The other big airlines are sure to match Delta in order to compete," says analyst Vaughn Cordle of AirlineForecasts. "It's the beginning of the end of 'gotcha' pricing by the legacy carriers...
...Delta is also making major changes to its operations. At its home base in Atlanta, the airline is overhauling its entire schedule, hoping to limit future flight disruptions and delays. The airline will add 81 more flights and seven new destinations from Atlanta, but will spread all the flights out more over the day. It's a late Christmas present, but a welcome...