Sunday, August 20, 2017

Tag: Cheap Labor

Can Corporate Raider Wilbur Ross Deliver on Trump’s Blue-Collar Promises?

Trump's pick for commerce secretary has a track record of saving American jobs. Whether he can bring many back to the Rust Belt remains to be seen. A decade ago, cheap Chinese cloth was hammering American textile makers. Companies like Burlington Industries and Cone Mills, two big U.S. makers of...

Eurogroup ministers back further bailout loans for Greece

EU finance ministers to release €2.8bn after Athens government carried out required reforms relating to privatising state assets, tax and pensions. Greece is on track to receive €2.8bn (£2.5bn) from its eurozone creditors by the end of October, after an agreement on Monday on the latest instalment of its multibillion-euro...

Ethiopia has a lot riding on its new, Chinese-built railroad to the sea

ADDIS ABABA, Ethi­o­pia — The sleek, white train glides through the hilly Ethiopian countryside, the first to travel this route in nearly a decade. The contrast is stark as the new, Chinese-made electric train passes horse-drawn carriages, oxen hauling plows and crowds of curious village children. But soon it crosses...

Inside the Corporate Utopias Where Capitalism Rules and Labor Laws Don’t Apply

Under Cambodian law, the right to organize is supposed to be ironclad. No employer, government agent or citizen may impede union activity. Inside the walls of Cambodia's largest special economic zones (SEZs), however, In These Times’ reporters saw a system designed to tightly control the workforce by keeping workers...

Should Russia Be Afraid of Chinese Plans in the Far East?

A recent memorandum of cooperation signed by Moscow and Beijing has Russians worried about Chinese “colonization” of the Far East. However, a careful analysis of the situation suggests there is little reason for Russians to fear Chinese industrial expansionism. After hearing Russian politicians and pundits react to Moscow and Beijing’s...

Trading places

Economists take a new look at the evidence that the U.S. has lost millions of jobs to China. Tennessee has abundant hardwood forests, and business sectors related to them thrived for many years. Yet the state’s employment levels in the flooring, furniture-making, and cabinetry industries have cratered — down by...

Exposed: Sweatshop slaves earning just 44p an hour making empowering Beyonce clobber

BEYONCE'S new high street sportswear range for Topshop is made using sweat shop labour earning just £4.30 a day, we can reveal. The revelation heaps more pressure on under-fire fashion tycoon Sir Philip Green, who faces a grilling from MPs about his role in the collapse of BHS. The chain’s demise...

Did China Trade Cost the United States 2.4 Million Jobs?

The question of whether trade with China has inflicted lasting harm on the United States is the subject of some much-celebrated research by three distinguished economists: David Autor, David Dorn, and Gordon Hanson. They argue that import growth from China cost the United States about 2.4 million jobs over a dozen years....

Saudi Arabia is suddenly facing a serious catastrophe – here’s why

Saudi Arabia is in serious trouble. The BinLadin Group, the kingdom’s largest construction company, has terminated the employment of fifty thousand foreign workers. They have been issued exit visas, which they have refused to honor. These workers will not leave without being paid back wages. Angry with their employer,...

A Slavers’ Coup in Brazil?

Among the many groups pushing for the impeachment of Dilma Roussef, one is seldom discussed: companies that profit from slavery. Among the opponents of Brazil’s embattled president, Dilma Rousseff, who is about to be driven from office, is an interest group thought to have lost political power over a century...

Oil prices and the Syrian civil war

Most watch in disbelief as hordes of Middle Eastern migrants enter Europe with little to no resistance from border control. Whereas refugees are normally women and children, these migrants are for the most part young males of fighting age leaving a war zone. That prompts concerns on their true...
video

How the West Re-colonized China

In the last three decades, a remarkable change has transformed the face of the world’s most populous country. The figures are mind-boggling. Since 1980, China's Gross Domestic Product has increased by over 3000%, from $300 billion to over $10 trillion. This boom has been fueled by the remarkable rise...

Understanding ASEAN: Seven things you need to know

Southeast Asia is one of the world’s fastest-growing markets—and one of the least well known. China remains the Goliath of emerging markets, with every fluctuation in its GDP making headlines around the globe. But investors and multinationals are increasingly turning their gaze southward to the ten dynamic markets that make...

Article Filter Options