Word: wage
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...congratulations were passed around by lawmakers a few weeks ago when the federal hourly minimum wage was increased to $5.85, a 70 cent uptick. But wages are just part of the problem for workers in bottom-rung jobs. Health hazards, lack of insurance and labor law violations are among the on-the-job inequities faced by these workers, according to industry experts interviewed by TIME, as well as a new report from the Brennan Center for Justice at New York University School of Law. "This is incredibly important because we're talking about people who, for whatever reason, have been...
...Senate Commerce Committee has not yet introduced a bill, but last week it held a hearing on U.S.-China trade, where labor leaders and corporate chiefs aired their grievances about China's unfair trade practices - from its unwillingness to enforce a minimum wage to its negligent enforcement of intellectual property law. James Hoffa, President of the International Brotherhood of Teamsters, fresh from his recent tour of Chinese cities, told the committee that China's "first priority is economic progress. It second priority is people." Scott Paul, executive director of the Alliance for American Manufacturing, blasted China for breaking the rules...
...think it would be an error not to be optimistic," says Michael Gurian, author of several books about raising boys. "But at the same time there is reason to worry." He sketches the sinking trajectory of undereducated males as blue-collar jobs move to low-wage countries. Though definitive data on the dropout rate are as elusive as Bigfoot, there's little question that a worrisome gap is opening between boys who finish high school and those who don't. Boys with diplomas are now far more likely to go immediately to college than the boys of my era were...
...good news is that we know the way forward. "The best response from the high-wage developed world is to uncover new sources of job creation rather than protect the old ones," says Morgan Stanley's chief economist, Stephen Roach. "That's precisely what worked when farmers were displaced by the Industrial Revolution, when sweatshop workers lost their jobs to automated assembly lines, and when the U.S. Rust Bowl was hollowed out in the early 1980s." Former U.S. Treasury Secretary Robert Rubin agrees, but when he talks about the economic challenges facing the U.S., his tone takes on an edge...
...grade. Last year two dozen were caught being fed answers through Bluetooth headsets concealed under wigs. Earlier this month, police busted a ring issuing fake IDs to university students taking the test in place of high school candidates. The price? $2,500, more than twice Vietnam's average annual wage. Authorities have beefed up security: keeping test papers under lock and key; sequestering exam professors; calling in security to guard test sites...