Word: laboring
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...market may have to go through the tragedy of a self-correction that combines agony and duration. The economy may run through a cycle in which unemployment increases until labor costs fall to a nearly unimaginable level. Businesses will begin to hire again because they will have access to skilled workers at a fraction of what those people would have cost them a year ago. If that is the solution to the labor problem, the end of the recession is a long way from here...
...students employed by investment banks fluctuates every year. In addition, the restriction on H-1B visa holders may not apply to those who are hired while holding a student visa but later apply for an H-1B, Casey said, an interpretation Harvard officials are lobbying the Department of Labor to recommend. Kurt Piemonte, an associate director of career services at the Business School, wrote in an e-mailed statement that companies looking to pick up their newest recruits are “hopeful” that the statute will be interpreted in their favor, but remain in a state...
...compensation.” In the past, Harvard’s “hard looks” have hit workers hardest, resulting in layoffs, outsourcing, and unlivable wages for Harvard’s service employees. Yet resistance from workers and students has kept Harvard accountable for its questionable labor practices and allowed for the implementation of many policies and contracts that adequately compensate employees for their work...
...recognize that it has an obligation to its neighbors and surrounding communities. As a recognized nonprofit, Harvard receives substantial tax breaks in return for providing educational services and stimulating local economies. Layoffs may allow Harvard to breathe easy, but in doing so they are simply shifting the burden of labor costs onto the cities of Boston and Cambridge and local taxpayers. Because Harvard is one of the largest employers in Massachusetts, any substantial layoffs at Harvard will dramatically affect neighboring communities—those that don’t have the most expensive money managers and billions of dollars...
...Today, workers are holding protests outside the offices of Labor Relations in Holyoke Center at 12:30 p.m. and 4:00 p.m. Janitors, library workers, security guards, and dining-hall staff will come together to make visible the very real consequences of these potential layoffs. Hundreds of working people are refusing to be reduced to percentage points on Harvard’s budget charts and are fighting to keep the jobs on which they and their families depend...