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Chinese lawmakers look to give workers more rest

The Chinese Ministry of Human Resources and Social Security is trying to push increased regulations limiting the number of consecutive hours worked by laborers.Their goal is to force employers to allow workers to rest for a minimum of 20 minutes for each period of 4 hours on the clock.Further, they are looking to restrict non salaried employees from working in excess of 11 hours per day.  

Critics say that these new policies are not only ineffe...
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Categories: Labor

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Why the U.S. is becomingly noncompetitive...CEO pay ratio versus the average worker

The trade deficit between the U.S. and the rest of the civilized world continues to grow. While there is no simple answer as to why, there are many factors that need to be considered. Of course the obvious ones are the devalued U.S. dollar compared to most other industrial countries' currency, rising labor costs, and higher corporate taxes. But there is a new study which highlights another previously unaddresse...
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Categories: Labor

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Last week the Chinese government announced that it will move closer to allowing its currency, the yuan or renminbi, to float in the world economy. This move will slowly break it away from being pegged to the weak U.S. dollar. A practice which U.S. politicians, and the International Monetary Fund, claim is undervaluing China exports by as much as 40%.

Washington's hope is that the appreciation of the yuan would make Chinese imports less attractive versus domestically manufactured goods. This wo...
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Categories: Currency

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