Word: wages
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...Search Why were so many jobs lost? mainly because Halle's local businesses had been rendered uncompetitive by the currency swap and wage increases. That meant economic growth in the east often relied on direct government support, in the form of infrastructure projects, tax breaks for individual investors, direct transfer payments of social benefits for pensioners and the unemployed, and state subsidies for corporate investments...
...year-old Nasheed says he is determined to secure liberal democracy in the Maldives. He sees the dissident struggle he helped wage in the Maldives, an orthodox Sunni nation, as a lightning rod for change in the Muslim world. But there are more pressing challenges at home. The Maldives boasts South Asia's highest GDP per capita, but the figure is inflated by the country's significant tourism revenues, which do not trickle down to everyone. Some 40% of the Maldives' population still earns less than $2 a day. And Maldivian youth are in the middle of a drug epidemic...
...Workers at McDonald's and Wal-Mart are not paid well. Waiting on people in a big-box retail outfit or cooking and serving fast food will never pay well. The jobs don't require any special skills and so they do not come with a premium wage. Wal-Mart does employ 2 million people, which is a lot of individuals to keep on a payroll during a recession. McDonald's has 400,000. Neither place has announced significant layoffs and neither is likely to. (Read: "The Burger That Conquered the Country...
Pakistan: Grim Options Asif Ali Zardari, despite being democratically elected, may be politically doomed - and unable to deliver on U.S. demands that he wage a civil war that would be unpopular even with many Pakistanis who oppose the Taliban. Lately, there's been growing speculation that the Administration may be turning its attention to cultivating opposition leader Nawaz Sharif, who is currently Pakistan's most popular politician. Widespread reports suggest that the Obama Administration hopes to persuade Zardari and Sharif to share power in a new unity government committed to fighting the Taliban. But like Zardari and his late wife...
...House dining halls created quite an uproar on campus. Though the fate of Veritas waffles may be at stake, I trust that the student body can speak for itself about such matters. I am more concerned with another potential budget cut that would involve layoffs of low-wage workers, particularly because their voices are not always heard...