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LABOR SHORTAGE IMPACT
This new building method can deliver a full house in just 5 days, no bricks requiredA Home Built in Just Five Days? It sounds like something from the future, but it's already happening. Recycled plastic is being turned into...- AI will lead to labour shortages, Jeff Bezos says in optimistic talkBezos put forward a rosy vision of how technology will help humanity, speaking about projects including his space venture Blue Origin and h...
- US Stock Market: Mortgage rates hit 9-month high as inflation worries deepenUS mortgage rates reached a nine-month high of 6.65% last week, driven by elevated oil prices and inflation concerns. This surge, coupled w...
- Samsung union says to embark on 48,000-strong strike on Thursday after impasse on bonusesSamsung Electronics workers plan a major strike on Thursday. Talks over bonus payments have stalled. This action could disrupt South Korea'...
- At Samsung, the global AI boom spurred a looming strike and deep divisionsA major strike looms at Samsung Electronics over AI boom profits. Over 45,000 workers demand fair bonus distribution. The dispute could dis...
- Supply-chain stress that peaked in covid heads higher againRising logistics costs and delivery times are pressuring central banks, with some indicators reaching multi-year highs, signaling potential...
- Quote of the day by Simone Weil: 'Petroleum is a more likely cause of international conflict than...' – French philosopher and mystic's warning on global conflict, power, energy politics and how oil drives war and the economyQuote of the day by Simone Weil: Simone Weil's observation that petroleum is a more likely cause of international conflict than wheat highl...
- Trump wants to make H-1B workers more expensive for US employersA Trump administration proposal would significantly increase H-1B visa minimum salaries, requiring entry-level software engineers in San Fr...
- Why Employers Freeze Hiring Before Major Workplace ChangesHiring freezes, often seen as cost-saving, can signal deeper organizational shifts like restructuring, budget cuts, or a change in business...
- Iran war could make petroleum products from clothes to crayons more costlyGlobal oil disruptions are making everyday items more expensive. From plush toys to bandages, the cost of materials derived from petroleum ...
- West Asia war: Punjab industry hit by labour shortage, rising costsThe ongoing turmoil in West Asia is sending ripples through Punjab's industrial landscape. Manufacturers of textiles, bicycles, and automot...
- Employee worked for three years without promotion, has the last laugh after resigning: ‘They lost more money by denying…’A dedicated lube technician, promised growth but receiving none for three years, resigned after a modest pay request was denied. His depart...
- Pays $120,000 a year, yet no takers: Inside the job Americans keep turning downThe U.S. has over one million unfilled skilled trade jobs. Ford alone struggles to fill 5,000 mechanic positions. Salaries reach $120,000 a...
- Child labor to be permitted in Florida? State debates as jobs go vacant following departure of undocumented immigrantsFlorida is considering reducing child labor protections to address labor shortages caused by tighter immigration laws. A proposed bill woul...
- Trump's plan to deport millions of illegal immigrants to hurt this sector of the U.S economy very badlyDonald Trump's plan to deport millions of undocumented immigrants could cripple the U.S. construction industry, already facing severe labor...
- L&T hit by 'severe' skilled manpower shortage: 45,000 engineers & techies neededLarsen & Toubro (L&T) faces a severe shortage of skilled labor, with a deficit of 25,000 workers in engineering and construction, and 20,00...
- UK migration advisor tells Sunak government to scrap special visa rules for shortage occupationsThe MAC expressed concerns about the risk of exploitation in sectors that recruit low-wage workers. Currently, employers can hire migrant w...
- Portugal amends immigration law to tackle labor force shortageThe reform, proposed by the parliament in July gained the support of the majority vote on July 21. Especially by the Socialist and left par...
- US job growth picks up in October; unemployment rate falls to 4.6%U.S. employment increased more than expected in October as the headwind from the surge in COVID-19 infections over the summer subsided, off...
- Impact of Election 2014: Realty sector struggles with labor shortagesThousands of rural folk come and work in boom towns, where homes are being constructed, but they go back to their villages during elections.
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