Word: laborer
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...Regulating the Flow India's northeastern state of Assam shares only a short border with Bangladesh, but the sentiment there against Bangladeshi migration is more intense than anywhere else in India. Bengali-speaking Muslims, both Indian and Bangladeshi, were once brought in to work as seasonal labor, and they now account for more than 30% of the state's population. Their numbers have made them a significant political force and have generated a frustration that will sound familiar to any country dealing with a large influx of migrants from a poorer country. "They take all the jobs," says Shibshankar Chatterjee...
...MILLION Size of labor force...
...China Back to the Countryside In a further example of China's faltering economy--exports and overall growth were down significantly in the fourth quarter of 2008--some 15% of its migrant workers are now jobless. This labor force, composed of rural peasants who travel to cities for factory jobs, is the backbone of the country's manufacturing sector. The Chinese government has said it may increase its $585 billion stimulus plan...
...President Obama recognized the real risk here: some very good bankers might not want to work for maximum-wage pay and could bolt their TARP-constrained companies. Why, for instance, would JPMorgan Chase CEO Jamie Dimon, perhaps the most astute operator in banking, want to labor for a measly 500 large to run a company with $2.2 trillion in assets...
...calls for labor protection pose a problem for European leaders: they run counter to E.U. rules that ensure the free flow of goods, services and workers. Worse yet, notes U.K. Business Secretary Peter Mandelson, such moves risk beginning a chain reaction of protectionism that could make the economic slowdown even worse. "It would be a huge mistake to retreat from a policy where, within the rules, U.K. companies can operate in Europe and European companies can operate here," Mandelson said on Jan. 31. "Protectionism would be a surefire way of turning recession into depression...