labor - Page 2

The formal unemployment rate would immediately drop by a third, from 5 percent in 2016 to 3.5 percent in 2017, the report predicts. Housing prices would drop by almost 4 percent in 2018 and 2019, says the Moody’s report.

Beijing is trying to nip the growing Chinese labor movement in the bud, as ABC News reports the detention of seven labor activists in Guangdong province, including three leaders of the movement, “on charges they improperly intervened in labor disputes.”

The melancholy truth that America’s leftists, and the young people they exploit for political support, stubbornly refuse to learn is that the true minimum wage is zero. When the cost of labor is increased beyond its true value by government fiat, employers learn to make do with fewer workers.

Jackson Hole — This town in Wyoming just hosted three economic events: The Federal Reserve Bank of Kansas City’s annual Jackson Hole retreat and two others to respond to the Fed’s mismanagement the economy: the Fed Up group, demonstrating against increasing interest rates, and the American Principles Project (APP).

I may have just visited the most San Francisco-ish restaurant in the entire history of San Francisco: a tasty fast food quinoa eatery that will operated by robots.

In his weekly Angelus message Wednesday, Pope Francis praised the value of hard work and a willingness to do one’s part for the common good rather than freeloading off society.

The number of people not in the labor force reached another record high in July, according to new jobs data released Friday by the Bureau of Labor Statistics.

Labor leaders, who insisted for most of the last year that no exemptions should be allowed when instituting a minimum wage hike for the City of Los Angeles, have changed their tune now that the Los Angeles City Council approved the hike to $15 last week, asserting that companies whose employees are unionized should be exempted from the forced wage hike.

The latest battle in the intra-party struggle between moderate and more leftist California Democrats comes from the East Bay, where a state Senate seat pits Orinda Democrat Steve Glazer, who has championed banning transit strikes and higher standards for teacher tenure, against union-backed Assemblywoman Susan Bonilla, D-Concord.

As Breitbart reported last week in “Teamsters Win Big in Silicon Valley, Target Tech Companies”, after the Teamsters Local 853 organized Facebook contract shuttle bus drivers a week ago, over the weekend they won elections organizing drivers for Yahoo, Apple, Genentech, eBay and Zynga.