Category: Economic News
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Union membership falls to lowest percentage in 76 years
Reuters: Union membership falls to lowest percentage in 76 years (Reuters) – The percentage of workers belonging to unions tumbled to 11.3 percent in 2012, the lowest percentage in 76 years, led by dramatic declines in states where lawmakers have put organized labor in the political crosshairs, government figures showed on Wednesday. The total number…
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The Long Story of U.S. Debt, From 1790 to 2011, in 1 Little Chart
Atlantic: The Long Story of U.S. Debt, From 1790 to 2011, in 1 Little Chart Be sure to check out the article. The author breaks down the chart by eras and offers some analysis.
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Higher costs forcing firms to relocate (from China)
China Daily: Higher costs forcing firms to relocate Jobs going to other countries in China's 'great industry transfer' Rising wages and shrinking export demand are forcing manufacturers to relocate to neighboring Southeast Asian nations and many that remain are seriously considering moving, a foreign trade official from the Ministry of Commerce said. The official, who…
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The Severe Jobs and Skills Mismatch in Manufacturing
Bloomberg: Caterpillar's Worker Hunt Means Welders Top Banking Pay … Companies such as Caterpillar Inc. (CAT) are looking for workers like Brennan. Even with trades offering competitive pay, skilled factory vacancies may soar fivefold to 3 million by 2015 amid a U.S. industry rebound and baby boomer retirements, according to the Society of Manufacturing Engineers.…