Word: labors
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Dates: during 2000-2009
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...away at the domestic job market. In 1992, before the treaty was ratified, independent U.S. Presidential candidate Ross Perot famously warned voters to prepare for the "giant sucking sound" of jobs moving across the border to Mexico, where NAFTA would enable companies to take advantage of cheap labor. Mexico's average hourly manufacturing wage is still only about 13 percent of that of the U.S., but even with that persistent disparity, most jobs these days aren't being shipped to America's southern neighbor. Instead, they're going to China, whose explosive economic growth in recent years has posed...
...That will come as welcome news to the Spanish government, which is currently attempting to reduce immigration into the country. In response to the global economic crisis, Spain's once receptive labor ministry recently introduced a plan that essentially pays unemployed migrants to return to their country of origin. On Dec. 20, the administration extended the period during which police can detain undocumented migrants and barred legally registered immigrants from bringing over any family member of working...
...blue for Chrysler, Cerberus' other problem child. Though the billions in TARP aid President Bush authorized for Chrysler and GM will buy Chrysler some time, there are difficult issues ahead. Unless labor costs can be brought down to parity with the foreign transplants, and without the restructuring of Chrysler's debt, the company cannot be restored to long-term health and the government loan will be unlikely to be fully repaid. (Read about GM's, Ford's and Chrysler's bailout plans...
Some compromises have been proposed, such as one put forth by William Gould, a former Clinton appointee as head of the National Labor Relations Board. Gould suggested keeping the secret ballot but reducing the extensive delays in holding such elections. "Gould's proposal eliminates the politically most potent argument against the Employee Free Choice Act, that secret-ballot elections supposedly better represent the true preferences of employees than do signed union authorization cards," says Gregory Saltzman, professor of economics and labor management at Albion College in Michigan...
...head of the American Federal of State, County and Municipal Employees candidly told the Washington Times (much to the delight of Republicans, who broadcast his remarks in press releases), "the payback would be the Employee Free Choice Act - that would be a vehicle to strengthen and build the American labor movement and the middle class." Still, in this economic climate, payback for anything will likely be difficult...