Word: labor
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Dates: during 2000-2009
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...Labor government's decision to run fiber to the home (FTTH) also has a political aim: to break the grip of the national carrier, Telstra, on the country's telecommunications sector. The decade-long process of privatizing Telstra ended in 2006, but the company has continued to enjoy the legacy of almost a century as a state monopoly, reaping 90% of the profits from country's $28 billion communications industry...
...growing rapidly is that any expansion in innovation or increased industrial activity will happen somewhere else. That place or those places have already been identified as India, China, and the other vibrant economies of southern Asia and Latin America. The case in their favor is simple. They have cheap labor. But, cheap labor is itself exhaustible. China has created a middle class, and so has India. The people in those middle classes will expect to be paid better and better over the years ahead. (See pictures of China going to Africa...
...America has a class of cheap labor now as well, which the country does not want to face. In doing so, the nation has to admit to itself that the millions of manufacturing jobs with high hourly wages, lifetime benefits, and a pension will not be part of the economy in the future. That is true. The U.S. manufacturing base cannot be competitive if it keeps the legacy benefits that unions like the UAW negotiated for their members in the years that Walter Reuther ran the union...
...significant number of the night’s questions from members of the Student Labor Action Movement raised concerns that staff would bear the brunt of budget cuts in the form of mass layoffs, but both Smith and Hammonds rejected the notion that the upper echelons at Harvard were not shouldering a fair part of the burden...
Responding to fears that Harvard may reinstate its licensing contract with Russell Athletic—a sportswear company accused by labor groups of mistreating its workers—Harvard’s Student Labor Action Movement brought a former garment worker to campus last Thursday in order to speak about the company’s violations of worker rights. Harvard ended its licensing agreement with Russell Athletics last December, as the company faced allegations that it shut down a Honduran factory because of workers’ attempts to unionize. Yet Rick Calixto, director of the Harvard University Trademark Program, wrote...