Informative, Entertaining, Political, Environmental, Educational, Fashionable, Reliable, Intellectual, Musical, Cultural, Creative, Consistent, Artistic, & Diverse.
Friday, December 30, 2011
Factory Jobs Gain, but Wages Retreat
http://www.nytimes.com/2011/12/30/business/us-manufacturing-gains-jobs-as-wages-retreat.html?_r=1&hp
Manufacturers are hiring again in America, softening a long slide in factory employment. But for a new generation of blue-collar workers, even those protected by unions, the price of employment is likely to be lower wages stretching to retirement.
That is particularly true of global manufacturers like General Electric. With labor costs moving down at its appliance factories here, the company is bringing home the production of water heaters as well as some refrigerators, and expanding its work force to do so.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
If you have a comment regarding the post above, please feel free to leave it here.