Word: labors
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...Those words may have globe-rattling implications. If Shenzhen can leap from assembling basic products with low-wage, poorly skilled labor to nurturing the innovations of lavishly paid talent, it could blaze a trail for the rest of corporate China, which must increasingly develop its own brands, designs and technology to rival those of America, Japan and Europe. It would not be the first time Shenzhen has led the way. The city, located in southern China's Pearl River Delta, has been at the forefront of China's free-market reforms for 25 years. In 1979, late Chinese leader Deng...
...That experiment was a remarkable success. Eager to tap Shenzhen's low costs?especially for labor?foreign companies rushed into the SEZ, led by factory owners from nearby Hong Kong. The result was a decades-long boom, with Shenzhen's economy expanding at an average rate of 28% a year from 1980 to 2004, according to Hong Kong-based consulting firm Enright, Scott & Associates. Exports from Shenzhen reached $101.5 billion in 2005?13% of China's total. Today the city is home to some of China's most important electronics manufacturers, such as telecom-equipment firm Huawei Technologies and mobile...
...host of other expenses. According to Chinese government statistics, the average annual salary in Shenzhen has surged by about 40% since 2000 to more than $4,000 last year. That's twice the average wage in other major cities like Chongqing. Higher costs are undercutting the profit margins of labor-intensive industries that have been the backbone of Shenzhen's economy. Greg Gong, CEO of Taiwan-based Further Tech, opened a factory in Shenzhen three years ago to make consumer-electronics gear, but he's already getting squeezed. Gong says his costs are rising by 10% annually, driven mainly...
...fights like this, retailers use the exit threat, then stay and expand," says Annette Bernhardt, a labor expert at New York University Law School. One of Target's most successful units is in Chicago's Lincoln Park neighborhood, and studies suggest there's $1.3 billion in untapped spending on the city's North Side and West Side alone. That, says Dorian Warren, a politics professor at Columbia University, "is going to be worth far more than the $10 wage costs them...
DIED. Robert McCullough, 64, who changed the civil rights movement in 1961 when he refused to pay a $100 fine for requesting service, along with eight other black students, at a whites-only lunch counter in South Carolina and instead opted to do 30 days of hard labor in prison; of unknown causes; in Rock Hill, S.C. What was dubbed the "jail, no bail" tactic relieved activists of a financial burden and inspired similar protests. In 2001, McCullough, the leader of the nine, told fellow protester and journalist David Williamson, "I guess if we had to do it today...