There's ample evidence that stress and overwork are a toxic brew, leading to a host of possible illnesses, including heart disease. Still, it was shocking when an Ogilvy & Mather advertising employee in Beijiing collapsed at his desk Monday, and was later pronounced dead due to sudden cardiac arrest. After... Read More »
Is American manufacturing poised for a comeback? The manufacturing industry lost 6 million jobs in the first decade of this century, but many experts say that the turnaround has already begun. According to one estimate by the Boston Consulting Group, as many as five million more positions could be recovered by... Read More »
U.S. corporations moved millions of jobs overseas in the last decade. But maybe it isn't just executives who can play this game. In the search for cheaper labor and greater profits, one employee at a critical infrastructure firm purportedly outsourced his own job to China.
The star software developer at a... Read More »
By John Rogers
LOS ANGELES -- For the most part, the work of the people who file the invoices for the TV sets that arrive from China and the cars that come from Japan goes all but unnoticed as those products and countless others make their way across the United States.
Not this week, however, after about... Read More »
The debate over job creation has dominated the political landscape of 2012. And with good cause, too, given the national unemployment rate of 8.1 percent. With so many out of work, it's maddening to many that from 2000-2010, 2.4 million people have been hired by U.S. multinationals in jobs outsourced abroad,... Read More »
By Joe McDonald
BEIJING -- The company that makes Apple's iPhones suspended production at a factory in China on Monday after a brawl by as many as 2,000 employees at a dormitory injured 40 people. Read More »
Over the last century, scores of immigrants have left their poor home countries behind for the golden shores of the U.S.A. But now their grown American children are leaving college, struggling to find good jobs, while watching cousins and friends in India, China or Korea post on Facebook about their exciting... Read More »
By Annalyn Censky
NEW YORK (CNNMoney) -- Low-wage, unskilled labor was once its competitive edge, but now China is quickly rising as the world's largest supplier of college-educated workers.
By 2030, China alone will account for 30 percent of the world's new college-educated workers, predicts a study by... Read More »
By Elaine Kurtenbach
SHANGHAI -- Ford Motor Co. plans to build a $760 million auto assembly plant in the eastern Chinese city of Hangzhou, part of a doubling of its production capacity in the world's biggest vehicle market as it strives to catch up with rivals. Read More »
By Joe McDonald
BEIJING (AP) -- China's government promised Wednesday to raise minimum wages by 13 percent a year through 2015 and to launch measures to generate 45 million new jobs.
Communist leaders face pressure to spread China's prosperity more widely and narrow a yawning gap between a wealthy elite... Read More »
By Joe McDonald
BEIJING (AP) -- China announced more help Wednesday for its struggling private business sector, unveiling a $2.5 billion fund to finance new small businesses and promising tax breaks and more lending for entrepreneurs. Read More »
Working in China's burgeoning manufacturing sector is proving exceedingly tough for many Chinese workers. Long hours and intense pressure to quickly churn out the latest high-tech gizmos destined for overseas markets have led to protests and even suicides among some workers, according to media... Read More »
By Leslie Forman
Have you ever dreamed of working in China? India? Brazil?
The new landscape of work transcends national boundaries, which creates unprecedented opportunities to work worldwide. Read More »
Reports of abuse at Chinese factories are so common as to hardly raise an eyebrow. A Longhua plant owned by Foxconn, the maker of almost all Apple devices, was dubbed the "suicide factory" after 16 workers jumped from its roof. Maltreatment at a designer clothing store, on the other hand, is more unexpected.... Read More »
China is taking American jobs, labor unions, politicians and economists, have accused for some time. The logic is simple. While a manufacturing job in the U.S. may pay $50 an hour, when salary and benefits are factored in, Chinese factory laborers make little more than a few hundred dollars a month. Read More »
The revival in manufacturing in America's heartland has been driven in part by the increasing costs associated with importing goods from China, India and other Asian nations where labor has traditionally been cheap.
With the cost of oil rising and a weak dollar eating into profits, many manufacturers are... Read More »
The Chinese could become your No. 1 consumers for American products, particularly the high end kind.
Yes, the Chinese could eventually afford to shop for U.S. goods until they drop. As of now, the Chinese are no slouches when it comes to liking nice things. According to the World Luxury Association, they... Read More »