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global economy

OECD Projects Slowing Global Growth, Rising Income Equality to 2060

A new study from the Organisation for Economic Co-operation and Development (OECD) projects that global economic growth will slow and income inequality will continue to rise to 2060. The "Policy ...
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As Ikea Raises Minimum Wage, Pressure Grows for McDonald’s and Walmart

Ikea is one of the world's largest retailers, with revenue of $38 billion and 130,000 employees. It also is one of the retailers and fast-food companies that recently decided to ...
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Does Facebook’s White Workforce Hurt Its Image?

Facebook Inc. (NASDAQ: FB) has a Global Head of Diversity, Maxine Williams, who is black. Its COO, Sheryl Kara Sandberg, is a woman. As a matter of fact, she is one of the ...
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The Best (and Worst) States to Be Unemployed

Late last year, the federal government allowed its emergency unemployment compensation benefits program to expire. This decision has left much of the nation’s long-term unemployed without access to unemployment insurance ...
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America’s Worst Companies to Work For

Employees can now share their opinions about employers online. As a result, companies face new reputation risks that can affect their customers and shareholders. For the third year, 24/7 Wall St. has ...
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Could Amazon German Strikes Spread to U.S.?

The strikes by Amazon.com Inc. (NASDAQ: AMZN) warehouse workers in Germany are no longer just a pesky problem. The Verdi labor union continues to protest what it believes are low wages. ...
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The States With the Strongest and Weakest Unions

The percentage of American workers in unions remained effectively unchanged last year. This marks a departure from the nation’s long-term trend. In the past 30 years, union membership has dropped from ...
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Ten Companies With the Least Valuable Workers

Revenue per employee is one measure of a company’s productivity. Some companies generate significant revenue per employee that runs into the millions of dollars. Others generate only a fraction of ...
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HP Turnaround Debacle: Thousands of More Layoffs

Hewlett-Packard Co. (NYSE: HPQ) may have released its earnings report early. Whether this was intentional, an accident or a leak is something we will leave to your imagination. What was ...
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Protests in Store for McDonald’s Annual Meeting

A week following last Thursday's global strikes and protests in 230 cities, hundreds of workers at McDonald's Corp. (NYSE: MCD) are planning to travel to this Thursday's annual shareholders' meeting ...
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Weekly Jobless Claims Tank

The U.S. Labor Department is out with yet another weekly jobless claims report, but this one was a much better-than-expected surprise. Weekly claims plummeted by 24,000 to 297,000 in the ...
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Vermont Raises Minimum Wage to $10.10

Vermont's legislature did what many members of Congress and the president would like to do. It raised the minimum wage in the state to $10.10 from $8.73. The federal minimum ...
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Weekly Jobless Claims Post Nice Drop After Easter

While the trend for payrolls and unemployment has been better, the great compression in weekly jobless claims had not been continuing at the same rate as of late. Thursday's weekly ...
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Fast Food Pay Demands Going Global

The U.S. campaign for a $15 hourly wage for fast-food workers is going global. A New York-based group called Fast Food Forward said today that fast food workers on six ...
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Productivity and Labor Costs Both Headed the Wrong Way — Very Much So

Productivity and unit labor costs were very mixed in the first quarter of 2013. Much of this seems to be weather related, and the first reminder we would make is ...
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