Word: laboral
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...congratulations were passed around by lawmakers a few weeks ago when the federal hourly minimum wage was increased to $5.85, a 70 cent uptick. But wages are just part of the problem for workers in bottom-rung jobs. Health hazards, lack of insurance and labor law violations are among the on-the-job inequities faced by these workers, according to industry experts interviewed by TIME, as well as a new report from the Brennan Center for Justice at New York University School of Law. "This is incredibly important because we're talking about people who, for whatever reason, have been...
Grocery store workers earn an average of $332 a week, according to the Bureau of Labor Statistics, compared with average weekly earnings of $529 for all workers in the private sector. But some baggers don't even make $300, because they are paid only in tips. But according to Jill Cashen, spokesperson for the United Food and Commercial Workers Union, grocery store jobs, when unionized, can be stable enough to support a family. "From baggers up to meat department managers," Cashen says, "workers can look at their union grocery jobs as career positions that provide financial security...
...Senate Commerce Committee has not yet introduced a bill, but last week it held a hearing on U.S.-China trade, where labor leaders and corporate chiefs aired their grievances about China's unfair trade practices - from its unwillingness to enforce a minimum wage to its negligent enforcement of intellectual property law. James Hoffa, President of the International Brotherhood of Teamsters, fresh from his recent tour of Chinese cities, told the committee that China's "first priority is economic progress. It second priority is people." Scott Paul, executive director of the Alliance for American Manufacturing, blasted China for breaking the rules...
...came from. To date, China's economic engagement with the outside world has largely come via exports (it sent $969 billion worth of goods to the rest of the world last year) and by attracting huge amounts of foreign direct investment, mostly from manufacturers taking advantage of its low labor costs. That is now changing rapidly. A month ago, Beijing's State Investment Company bought a $3 billion stake in the Blackstone Group just before the American private-equity giant went public (an investment that is so far more than $300 million underwater). This and the CDB stake in Barclays...
...Still, being China's middleman can be both a blessing and a curse. The current low prices for pearls may also be a product of cheap labor. Japan's pearl farmers are organized into an umbrella association that sets prices and offers welfare to those who fall on hard times. By contrast, the Chinese producers are more vulnerable to exploitation: "Chinese farmers might as well be selling fruit or cattle," Cheng says. "Their only hope is to cover expenses. They have no idea how valuable their product can be and don't ask for higher prices...