Word: labors
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...Labor government's decision to run fiber to the home (FTTH) also has a political aim: to break the grip of the national carrier, Telstra, on the country's telecommunications sector. The decade-long process of privatizing Telstra ended in 2006, but the company has continued to enjoy the legacy of almost a century as a state monopoly, reaping 90% of the profits from country's $28 billion communications industry...
...growing rapidly is that any expansion in innovation or increased industrial activity will happen somewhere else. That place or those places have already been identified as India, China, and the other vibrant economies of southern Asia and Latin America. The case in their favor is simple. They have cheap labor. But, cheap labor is itself exhaustible. China has created a middle class, and so has India. The people in those middle classes will expect to be paid better and better over the years ahead. (See pictures of China going to Africa...
...America has a class of cheap labor now as well, which the country does not want to face. In doing so, the nation has to admit to itself that the millions of manufacturing jobs with high hourly wages, lifetime benefits, and a pension will not be part of the economy in the future. That is true. The U.S. manufacturing base cannot be competitive if it keeps the legacy benefits that unions like the UAW negotiated for their members in the years that Walter Reuther ran the union...
...creating new large industries has not disappeared. It is wrong because the new economy in the United States will include a large number of manufacturing jobs paying wages which are historically low. It is easy to say that manufacturing can never prosper in America because the fixed prices for labor are too high. The recession has broken the grip of expensive labor. Manufacturing can and will return to the United States. American workers will work on assembly lines. They will be employed but their standard of living will go down. They cannot have jobs if it doesn...
...that we will have some layoffs in [the upcoming fiscal year],” he said. Jackson emphasized Monday that any decision to lay off workers would be carefully weighed “to make sure it’s the right choice.” But according to labor activist and first-year law student Marissa A. Vahlsing, the school has already initiated de facto staff cuts, asking subcontractors to cut their expenses, which has resulted in job losses and the summer closure of a cafe in the basement of Harkness Commons, the Law School student center. Student labor...