Labor economy
Trump works McDonald’s drive-thru, Harris campaign scoffs at stunt
The McDonald’s logo is displayed at a McDonald’s restaurant in Burbank, California, on July 22, 2024. Mario Tama | Getty Images Within minutes of former President Donald Trump’s brief appearance at a McDonald’s, where he served up French fries to drive-thru customers in Feasterville, Pennsylvania, the Republican nominee took to searing his election opponent, Vice […]
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Op-ed: The financial toxicity of cancer is growing. Here’s what can be done to reduce it
Medical personnel use a mammogram to examine a woman’s breast for breast cancer. Hannibal Hanschke | dpa | Picture Alliance | Getty Images Cancer drains individuals of their physical, emotional, and financial health. Given the impact on both patients and the people in their lives — including their employer — it’s time that CEOs take […]
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Stellantis to sell, shutter large testing facility amid cost-cutting efforts
Carlos Tavares, chief executive officer of Stellantis NV, speaks to the media at the Stellantis auto manufacturing plant in Sochaux, France, on Thursday, Oct. 3, 2024. Nathan Laine | Bloomberg | Getty Images DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, […]
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Minimum wage is on the ballot in 5 states this November. Here’s how the votes could go
A Feb. 18 rally celebrating the California Labor Commissioner’s order for a McDonald’s franchise to rehire and compensate workers who went on strike for coronavirus protections was held on Feb. 18, 2021. Lucy Nicholson | Reuters This November, voters in at least three states will decide whether or not to raise their state-level minimum wages. […]
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Spirit AeroSystems to furlough 700 workers as Boeing machinist strike continues
Airplane fuselages bound for Boeing’s 737 Max production facility await shipment on rail sidings at their top supplier, Spirit AeroSystems Holdings Inc., in Wichita, Kansas, on Dec. 17, 2019. Nick Oxford | Reuters Boeing supplier Spirit AeroSystems will furlough some 700 workers as a strike by machinists at the plane maker enters its sixth week, […]
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Pennsylvania Republican House candidate touts union ties in must-win race
In his campaign’s TV ads, Pennsylvania Republican House candidate Rob Bresnahan talks about being a third-generation union contractor. His brochures claim he has created well paying union jobs. These union ties are a key part of Bresnahan’s pitch to voters as he campaigns in the hopes of unseating incumbent Democratic Rep. Matt Cartwright. It’s not […]
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Here’s why the U.S. retirement system isn’t among the world’s best
Key Points The U.S. retirement system gets a C+ grade and ranks No. 29 out of 48 in the Mercer CFA Institute Global Pension Index. Retirement plan coverage and 401(k) “leakage” are among the two primary problem areas, experts said. Policymakers have taken some steps to improve the system. Source
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Boeing factory strike crosses 1-month mark as pressure mounts on new CEO
A Boeing worker waves a picket sign Tuesday, Sept. 24, 2024, as workers continue to strike outside the company’s factory in Renton, Wash. Lindsey Wasson | AP It’s been just over a month since more than 30,000 Boeing machinists walked off the job after overwhelmingly voting down a tentative contract. Costs and tensions have only […]
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Boeing to cut 17,000 jobs as losses deepen during factory strike
Boeing 737 MAX airliners are pictured at the company’s factory on Thursday, Sept. 12, 2024, in Renton, Wash. Stephen Brashear | AP Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. It will also […]
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Harris enters the homestretch riding a once-in-a-generation economic upswing
The surprisingly positive jobs report Friday has reinforced growing optimism about the U.S. economy, less than a month before the end of an extremely close presidential race between Vice President Kamala Harris and former President Donald Trump, and while voters say the economy is a top priority. Nonfarm payrolls added 254,000 jobs in September, while […]
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