Keyword: wages
Baby Dilemma (9/1/2005)
Low fertility among educated women threatens to lower the supply of high-skilled workers.
Glamour vs Hardship (6/22/2006)
Most glamorous jobs have high average income but low median income while most bread-and-butter jobs have median income that is very close to the average income.
Global Labor Market (9/5/2005)
Labor is increasingly globally sourced due to aging populations and lagging labor productivity in developed countries.
Legacy Curse (1/14/2006)
The legacy of high union wages and benefits progressive measures has become part of a vicious circle of market-share erosion for old-time U.S. car makers.
Machines vs Brawn (2/27/2007)
Mechanization may not be able to totally eliminate low-wage and low-skilled jobs that illegal immigrants are eager to fill.
Niche Specialization (1/30/2007)
Niche comparative advantage in location proximity and fast response time could overcome the disadvantage of high wages in the garment industry.
Opportunities Pay (9/5/2005)
Job security of American workers whose opportunity costs are higher but whose labor productivity is no higher than foreign workers will be increasingly threatened by foreign competition.
The Insecurity of Job Security (6/22/2006)
Life-time job security with generous fringe benefits have increased youth unemployment by discouraging French employers to hire new workers and encouraging them to substitute capital for labor.
The Rise of Chicken (9/7/2005)
By vertically integrating the chicken business and applying quality control and standardization to all the steps from production to marketing, Tyson Foods has brought better and cheaper chicken to consumers, higher wages to workers and fatter returns to shareholders in a once low-profit commodity business.
The Truncated Job Ladder (9/5/2005)
The job ladder that has been truncated from the bottom and from the top means longer formal education to get to the bottom of the ladder and more limited promotion prospects once on the ladder.
Too Global To Be National? (6/18/2010)
US multinationals fatten their bottom lines by arbitraging wages, taxes, and regulations across countries.
Trade Surplus Trap (6/18/2010)
Countries heavily dependent on exporting manufactured goods must deny their own citizens higher standard of living to maintain their trade surplus in an era of global wage arbitrage.
Underground Homes (2/27/2007)
Influx of illegal immigrant workers to the U.S. homebuilding industry has made new homes more affordable but kept the home construction business labor intensive.
Visa Auction (2/27/2007)
Auction of immigrant visas could ensure that scarce visas go to only those who are willing to pay the most to get them and that immigrants do not displace native-born workers simply because of their willingness to accept lower pay.