Word: labors
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...home, agricultural employment today, at less than 2% of the labor force, is markedly smaller than what it was, and though sectors like the car and financial-services industries have been hit hard by the current downturn, none is nearly as sick as agriculture was throughout the 1920s. And for all the current ills of megabanks like Washington Mutual and Wachovia, the national banking system still enjoys a measure of stability far greater than in the 1930s--or even the '20s. The kinds of "runs" on savings institutions that we watch Jimmy Stewart battle every Christmas season...
...Great Depression may have been triggered by a financial crisis, but its lasting story is written in the miseries of massive unemployment. Some 25% of the labor force stood idle in 1933--a rate that never went below 14% for the remainder of the decade. No unemployment insurance backstopped laid-off workers or kept communities going when paychecks disappeared. Given the demography of a workforce in which scarcely any married women toiled for wages, a 25% unemployment rate effectively meant that nearly 1 in 4 households had no income...
Simon H. Rich (SHR): Am I the youngest writer ever? That can’t be true, the show’s been on for 100 years. That’s before child labor laws, so there must have been chimney sweeps and God knows what...
...nerger talk has made labor suspicious. A spokesman for the UAW declined to comment on the merger but one told TIME neither company has approached the UAW. "No one has talked to us about it," said the official who asked not to be identified. "I don't see what we get out of it. We're both way too dependent on trucks and sport utility vehicles," noted the union official who represents Chrysler workers at a plant near Detroit. There are fears that a merger would simply be a way to reduce the workforce. Chrysler has eliminated 22,000 jobs...
...billion a year to meet the original goal. Assistance has been anemic when it was supposed to be titanic. Bad situations will likely worsen with the financial implosion, especially in Latin America and Eastern Europe, where countries depend heavily upon foreign capital. Turbulence will mean compression of capital flows, labor immobility, and restricted access for the exports of developing nations. Droughts, commodity market speculation, and spiked food, oil, and biofuel prices also bring sorrow. While some first-graders will say goodbye to friends when they are forced to move houses in Indianapolis, more six-year-olds will die from...