Word: labors
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Dates: during 2000-2009
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...with costs averaging $10,000 per employee (about $6,000 for singles and $14,000 for those supporting a family). "I expect that by January, the number of people without health insurance will rise above 50 million as companies scale back," says Bruce Raynor, president of Unite Here, a labor union that represents half a million workers in a variety of industries. (Read "Putting Health Care on an Energy Diet...
...Shutting down plants and cutting labor are costly - it's one of the ironies of the auto business. Deutsche Bank estimates that GM would have to spend $12 billion to chop labor costs and compensate dealers who lose their franchises. That would lower GM's North American operating costs from the current $31 billion to $25 billion annually, says Deutsche Bank. (See pictures of the global financial crisis...
Laurence Shatkin: Well, I'm not a fortune teller, and nobody's job is 100% secure, but I identified these based on information from the U.S. Department of Labor. I developed a pool of 180 occupations that are resistant to economic downturn and then sorted them according to their economic rewards - income, job openings and job growth. These are the best of the recession-proof jobs...
...years the Chinese people have been willing to put up with an authoritarian government so long as it generated jobs and opportunities. Now, with the economy slowing, growth needs to be maintained, goes conventional wisdom, at a minimum of about 8% - in part to forestall the labor unrest that Beijing fears could spread and turn into protests against the ruling Communist Party. Despite its domestic agenda, the stimulus package has been warmly welcomed overseas, too. The day after it was revealed, share prices from Hong Kong to London surged. And by again taking action along with the rest...
...recent years, the Philippines has faced an unprecedented exodus. Though millions of men have come and gone to work overseas over the past century, the world's ever-increasing demand for "female labor" like caregiving and domestic service has swung open the exit door for the nation's women. Today, about 8.7 million Filipinos - some 10% of the population - are registered with the government as overseas workers. Thousands of workers leave the country every day, and half of the new hires are women, flying off to earn salaries that are propping up the country. Last year alone, overseas workers sent...