BusinessLabor

Guangdong Labor Shortage Eases as Orders Fall

A labor shortage in Guangdong Province in China is highlighting the problems of additional stimulus, according to an article from Bloomberg Businessweek. The article comes as China has begun releasing additional stimulus funds, to compensate for their rapidly slowing economy. Slowing growth has macroeconomic benefits… Read More

Read More Read more
BusinessLabor

Pakistan Minimum Wage Increases 12.5%

Prime Minister Yousuf Raza Gilani announced today that the minimum wage for laborers in Pakistan is increasing by one thousand rupees to Rs 8000, or roughly USD$88 per month. There will also be a twenty percent increase in pensions and increases of death grants and… Read More

Read More Read more
BusinessLabor

Foxconn Raises Wages – Will Apparel Follow?

Major electronics supplier Foxconn yesterday gave a 25% raise to its estimated 1.2 million employees. They will now make an average of $400 USD per month, before overtime. Foxconn also expressed a commitment to improving working conditions, following a wave of scandals regarding forced overtime,… Read More

Read More Read more
BusinessLabor

Egyptian Protestors Accused of Thuggery

January 25th, the anniversary of the Lotus Revolution, has been declared a National Day in Egypt. Major General Ismail Etman of the Supreme Council of the Armed Forces (SCAF) made the declaration on Wednesday, January 11th. The celebration carries with it a risk of violence,… Read More

Read More Read more