Exact(2)
"The weakness of labor markets has virtually eliminated upward wage pressure, and wages and compensation are steady or falling in most districts," the Fed said.
When asked by reporter Leonard Silk why Schultz, who had been president of the Bechtel Group and was at the time director of Bechtel, General Motors, Boeing, Chevron, and the Morgan Bank, would be concerned about the weakness of labor unions.
Similar(54)
Furthermore, the weakness of the labor market ensures that most of the labor force will not be in a position to get a share of the gains from economic growth.
The 5.8percentt unemployment rate (compared to 4.5percentt before the recession) doesn't reflect the true weakness of the labor force since so many people have dropped out of the labor force.
The weakness of the labor market is manifest not only in the number of jobs created and the number of unemployed but also in the quality of jobs.
Mark M. Zandi, chief economist at Economy.com, said he remained nervous about the weakness of the labor market but nonetheless viewed the sharp improvement in productivity as a good omen.
We defined the contextual landscape of each decade of the 20th century by reviewing six key factors the extent of government intervention in business policies; the impact of globalization and geopolitics; the opportunities presented by changing demographic trends; the role of technology; the strength or weakness of the labor movement; and the prevailing social mores.
"The most recent data attest to the continuing weakness of the labor market," Bernanke said.
The weakness of American labor law allows employers to engage in aggressive efforts to discourage workers from organizing for better conditions or union representation.
GOP overreach is part of a greater problem, made possible thanks to the growing inequality in America, the concentration of wealth, the relative weakness of organized labor, and the ubiquity of corporate power.
In addition to all the people who are unemployed or underemployed, the weakness of the labor market has made it impossible for most workers to be able to achieve real wage gains.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com