Word: wages
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...More than 2 million factory jobs have taken one-way trips to places like China and India since 2000. Technology-industry analyst Forrester Research forecasts that 3.3 million U.S. service-industry jobs, many in information technology, will move offshore in the next 15 years, taking $136 billion in wages and slowing down wage growth. Better technology and more efficient management have eliminated white-collar jobs too. What that means, then, is that legions of unemployed workers will have to switch industries entirely to find employment, says Erica Groshen, an economist with the Federal Reserve Bank of New York, who coauthored...
...Families is where our nation finds hope,” Bush maintained, “where wings take dream.” The president’s soaring rhetoric is especially pertinent today, almost three years later, as American families face some of the highest unemployment rates and wage differentials in decades. Whatever he meant to say, it’s hard to imagine Bush was really contemplating a dreamy future for American families...
...Model Code of Conduct, the WRC advocates wage floors that drive up employers’ costs, encouraging companies to scale back employment overseas and produce domestically instead. Meanwhile, unskilled workers overseas need these jobs. In Vietnam, for example, employees in Nike factories earn almost three times the minimum wage for state-owned business. Many of these factories also include clinics, the only sources of medical care for employees and their families. In reality, so-called sweatshops are some of the most lucrative employment opportunities available in Vietnam and in similarly underdeveloped parts of the world. The WRC?...
...said he found non-union workers—employed by Andrade Cleaning and Commercial Cleaning—performing custodial duties for several Harvard buildings, including 1280 Mass. Ave., the University Information Systems building at 60 Oxford St. and an operations building at 1230 Soldiers Field Rd. He said their wages ranged from $7 to $8 per hour without benefits, significantly less than the union wage of $12.35 per hour...
...More than a year after claiming to settle the living wage issue, Harvard still aggressively outsources to undercut unions,” Mackinnon, who is also a Crimson editor, wrote in an e-mail...