Word: laboral
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Dates: during 2000-2009
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...been the path for the faint-hearted - for those who prefer leisure over work, or seek only the pleasures of riches and fame. Rather, it has been the risk takers, the doers, the makers of things - some celebrated but more often men and women obscure in their labor, who have carried us up the long, rugged path towards prosperity and freedom...
...Underemployed workers don't necessarily see it that way. Last month, hundreds of them protested forced-leave policies in front of the Council of Labor Affairs in Taipei. Since then, the council, a government agency, has required employers to amend employee contracts to reflect the reduced hours and to guarantee that income stays above minimum wage for workers facing severe cuts...
...says Sean Garcia, a consultant for the Washington-based Refugees International. "They are not allowed to survive," he says. Denied state documents, the Rohingya have to apply for permission to move from village to village, to repair a mosque, even to get married. Rohingya frequently fall victim to forced-labor drives by the military. The Burmese government, say Rohingya rights-groups, sees them as interlopers in the predominantly Buddhist land. Illiteracy rates in North Rakhine state, where the Rohingya are a majority, run near 80%, and malnutrition at 60%. (See pictures of the devastation of Burma after the huge...
...mill economist would define deflation as the loss of money supply and credit in the markets. Simply stated, the value of money erodes as prices drop sharply. The value of labor and goods and services goes into free fall...
...same set of dynamics hold true for businesses. If they have any cash flow at all, they put it toward improving their balance sheets and hoarding cash. But, when labor which once cost $20 an hour moves down to $8, the temptation to make very modest investments in adding employees and expanding production eventually becomes irresistible...