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October 8, 2008 5:15:06 AM CDT

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Stories related to: labor costs

Stories

5 Stories

  • July 2008

    • Sorry, Veterans, Vietnam Is Profitable Now

      Washington Post  |  Jul 9, 08 1:44 PM CDT

      Sorry, Veterans, Vietnam Is Profitable Now

      (Newser) - More expensive Chinese labor has American enterprises heading to Vietnam, moving Harold Meyerson to wonder, in the Washington Post , why 58,000 US soldiers died trying to defend democracy there. "American business, backed by the American government, has realized that the problem with communism wasn't that it was undemocratic but that it was anti-capitalist," Meyerson writes. More »

      Tags

      China  • Vietnam  • globalization  • manufacturing  • Vietnam War  • Communism  • labor costs  • industry

  • October 2007

    • Pay Cuts Will Affect 25% of GM Workforce

      Bloomberg  |  Oct 4, 07 11:19 AM CDT

      Pay Cuts Will Affect 25% of GM Workforce

      (Newser) - UAW’s new contract with GM will mean lower wages for a quarter of union employees, Bloomberg reports. The 16,766 jobs labeled “non-core” in the deal would drop to $28 an hour, down from $51 an hour. “This is the beginning of the end of the well-paid UAW workers and probably the well-paid manufacturing worker in America,” said one labor professor. More »

      Tags

      General Motors  • Toyota  • United Auto Workers  • Honda  • labor costs

  • September 2007

    • Recalls Will Increase 'Made in China' Prices

      Los Angeles Times  |  Sep 9, 07 10:44 AM CDT

      Recalls Will Increase 'Made in China' Prices

      (Newser) - Following a series of high-profile toy recalls and international criticism over China's export standards, the the cost of merchandise bearing the "Made in China" is expected to rise at least 10% in the next year, the LA Times reports. "For American consumers, the big China sale over the last 20 years is over," says one economist. More »

      Tags

      China  • exports  • recall  • Chinese economy  • toy recalls  • foreign labor  • labor costs

    • Stocks Rise as Traders Find Signs for Optimism

      Bloomberg  |  Sep 6, 07 4:52 PM CDT

      Stocks Rise as Traders Find Signs for Optimism

      (Newser) - US stocks rose today, Bloomberg reports, boosted by news that back-to-school and luxury shopping outpaced forecasts, along with a spike in worker productivity and a slowdown in labor costs. The Dow climbed 57.88 to 13,363.35. The Nasdaq gained 8.37 to finish at 2,614.32, and the S&P rose 6.26 to 1,478.55. More »

      Tags

      stocks  • retail  • luxury goods  • labor costs  • consumer products  • worker efficiency

  • August 2007

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