Last Labor Day, candidate Joe Biden made an impassioned pitch to leaders and members of the AFL-CIO, America’s largest labor federation. Stressing that “the great American middle class was built by unions,” he jabbed his finger in the air for emphasis as he promised, “I’m going to be the strongest labor president you have ever had,” drawing a smile from his longtime ally and friend, AFL-CIO President Richard Trumka.Read More
Though his administration has been marked by setbacks and subversion, President Trump is looking to add a policy notch to his belt and, more importantly, a win for beleaguered American workers.
On October 6, the U.S. Department of Homeland Security announced reforms of the H-1B nonimmigrant visa program. The H-1B allows foreign nationals to enter the country to work in “specialty occupations”—but that term, like the program itself, is riddled with problems. These visa workers are commonly used to replace Americans, doing the same job for less pay and often without the same level of skill. Americans are often compelled to train their foreign replacements.Read More
Another 275,000 jobs were added to the U.S. economy in the month of September, according to the Bureau of Labor Statistics’ (BLS) household survey, and 661,000 in the establishment survey, adding to the miraculous economic recovery that has taken place since COVID-19 lockdowns this spring as now states and businesses continue reopening at a rapid clip.Read More
At the height of the COVID-19 pandemic, when a lot less was known about the virus and how to counter it, and while the nation was still ramping up production of testing and hospital resources including ventilators needed, 25 million jobs were lost across the country, according to Bureau of Labor Statistics data.
Since labor markets bottomed in April, 13.8 million jobs have been recovered, as states have begun steadily reopening in the months since.Read More
It is no coincidence that what finally broke the Soviet Union was a Catholic trade union — a group of shipyard workers, led by an electrician and motivated by a faith that their oppressors deemed an opiate.
Christianity and its sweeping social vision enlivened the workers in Gdansk and their entire nation and, a decade later, a totalitarian superpower claiming to speak on behalf of all workers around the world had vanished. The forbidden revolution of workers bound together in solidarity around a shared vision of dignity, work, and the common good did what tanks and armed divisions had failed to do: it ended communism and gained freedom for millions.Read More
Nearly 3.3 million Americans filed unemployment claims last week, a record number as businesses were forced to shut down to help slow the spread of the novel coronavirus.
The U.S. Department of Labor reported Thursday that 3.28 million claims were filed in the week that ended March 21. That marked an increase of more than 3 million claims over the week prior, when 282,000 claims were filed.
The previous high in a single week, according to the department, was in October 1982, when about 695,000 claims were filed. The nearly 3.3 million claims filed last week is nearly five times the prior record.Read More
by Evie Fordham Nigel Farage’s Brexit Party snagged 29 of the United Kingdom’s European Parliament seats in Sunday’s election just days after Prime Minister Theresa May announced her resignation. The Brexit Party was the “clear winner” of the UK’s European elections according to BBC, especially when compared with May’s Tories,…Read More
by Molly Prince Democratic Sen. Elizabeth Warren introduced legislation on Tuesday that would establish a government-run pharmaceutical manufacturer to effectively compete with the private market. The Affordable Drug Manufacturing Act seeks to address the increasing prices of prescription drugs by injecting competition into the marketplace, consequently lowering the cost…Read More
by Tim Pearce The number of Americans claiming unemployment insurance fell unexpectedly in late September after economists anticipated destruction from Hurricane Florence to hold claim numbers steady. The number of unemployment filings edged back toward the lowest rate in nearly five decades. The four-week moving average fell to the lowest rate since…Read More
More than half of all workplace tasks will be carried out by machines by 2025, organizers of the Davos economic forum said in a report released Monday that highlights the speed with which the labor market will change in coming years. The World Economic Forum estimates that machines will be…Read More
By Robert Romano One of the conventional wisdoms to do with the tariffs and duties levied by the Trump administration on steel, aluminum and lumber is that they will lead to higher prices and inflation, hurting producers and consumers, thus stunting economic growth. For example, billionaire Charles Koch warned on July…Read More
by Rachel Greszler An economic crisis has engulfed Puerto Rico. The Financial Oversight Management Board, a federally-mandated advisory group, has worked to help Puerto Rico deal with its financial crisis and establish policies that will lead to long-run growth. The board says Puerto Rico must reform its labor market to…Read More