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Lower Wages, Higher Profits |
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Friday, 28 April 2006 |
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The new spike in oil and gasoline prices is the last nail in the coffin for workers who hoped to see any real improvement in wages this year. Inflation for 2006 is likely to remain in the 3.4 percent to 3.8 percent range, wiping out average wage increases of 3.0 percent to 3.5 percent and leaving workers with less purchasing power. |
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The Outsourcing Of America |
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Monday, 24 April 2006 |
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When American manufacturing jobs headed overseas in the 1990s, supporters of tariff-free trade argued that newly unemployed workers could simply find jobs in the growing high-tech sector. Yet multinational corporations soon outsourced white-collar and service-industry jobs as well, with overseas labor fielding support questions from computer users, programming software, and even examining X-rays and MRI scans for American consumers. |
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Pension Terminations Increase as Funding Improves |
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Monday, 24 April 2006 |
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The pension crisis that hit during the 2000-2003 downturn has eased, with large pension plans showing an increase in their funded status above projected annual returns for the third year in a row. |
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