Researcher develops living wage calculator

With income inequality emerging as an issue in the 2016 U.S. presidential elections, you may well begin to see references to MIT's Living Wage Calculator (LWC). This online spreadsheet lets anyone calculate a wage required ...

High-tech companies grapple with rising costs in China

The price to make Silicon Valley gadgets and computers in China - the assembly line for the global tech industry - is going up, forcing tech companies to rejigger supply chains to contain costs and to consider charging more ...

'Energy poverty' a growing problem

(Phys.org) -- Low-income households in Australia are increasingly at risk of "energy poverty", a situation in which a household must spend more than 10 percent of its disposable income on energy bills, according to a paper ...

Job satisfaction not a persistent effect of wage increases

After a wage increase, people tend to be more satisfied with their jobs—and even more so when what they have gained exceeds the wage increases of their colleagues. Yet, this effect on job satisfaction is not persistent. ...

Foxconn to hike prices to cover China pay increase

(AP) -- Foxconn Technology Group, which makes iPhones and other gadgets for global technology companies, plans to charge them more to partly cover wage increases at its mammoth manufacturing compound in southern China.

How rising household debt could slow UK labor strikes this year

After decades of declining real wages and deteriorating working conditions, strike activity has spiked over the last year, particularly in the United Kingdom. From nurses and teachers to railway and postal workers, employees ...

Actors union relents in tentative studio deal

(AP) -- The Screen Actors Guild and the Hollywood studios said Friday they have reached a tentative deal on movie and prime-time TV show productions, capping a yearlong battle that ended with the Guild giving up its fight ...

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