Word: wages
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...sure, public anxiety and election-year finger pointing have blurred some important distinctions. To set them straight: most of the jobs that have shifted to places like Mexico and China in the past several decades have been in manufacturing, which is being done with ever increasing sophistication in low-wage countries. Some have also blamed trade-liberalization deals like the North American Free Trade Agreement (NAFTA), which the Labor Department estimates was responsible for the loss of more than 500,000 U.S. jobs between 1994 and 2002. That's a significant number but modest in comparison with the millions...
From there, multinational companies began moving up the food chain. Silicon Valley, which for years had been importing highly educated Indian code writers--driving up wage and real estate costs--discovered it was a lot cheaper to export the work to the same highly educated folks over there. So did Wall Street, which employs an army of accountants, analysts and bankers to pore over documents, do deal analysis and maintain databases. The potential list gets longer: medical technicians to read your X rays, accountants to prepare your taxes, even business journalists to interpret companies' financial statements...
...Economic Policy Institute's Bernstein says businesses ought to find a way to "share some winnings with those who lose" by creating funds for wage insurance or retraining. Otherwise there is a risk that the benefits of outsourcing will widen the gap between the rich and everyone else. The McKinsey Global Institute, a think tank run by McKinsey & Co., recommends that companies sending jobs abroad contribute about 5% of their savings to an insurance fund that would compensate displaced workers for part of the difference in wages paid by their old and new jobs. During the 1980s and '90s, most...
...Harvard’s doing the same things that it always does,” he said. “It doesn’t matter if people are making a living wage if they don’t have...
...ombudsperson position was created a little more than a year ago, as a result of a recommendation by the December 2001 Katz Committee report on wage and labor issues and the April 2001 Mass. Hall takeover by the Progressive Students’ Labor Movement (PSLM...