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Employment

​Bank of England: Growing number of elderly Britons working later in life is driving down wages
Britain’s more mature citizens who choose to delay their retirement because they fear running out of funds are driving UK wages down, the Bank of England (BOE) claims.

23.07.2014 18:52

Bolivia legalizes labor of kids as young as 10
A law, legally allowing children to work from as early as the age of ten, has been signed in Bolivia this week, making the Latin American country the first nation to legalize child labor. International organizations say it contravenes UN conventions.

20.07.2014 18:41

For Europe’s youth it’s just downward from here
Since the collapse of Lehman Brothers and the financial system we have witnessed youth protests and riots from Athens to London. The message is the same: There is no hope! There is no future!

17.07.2014 11:29

​UK salaries lag inflation despite employment recovery, report shows
Employment in the UK has returned to ‘pre-crash’ levels while wages remain low and their growth behind inflation, according to newly published official figures.

16.07.2014 13:55

​BofA hiring more junior staff to ease work strain
Bank of America (BofA) has decided to hire more junior staff for its global corporate and investment banking unit. It’s an effort to ease the workload and improve the work life balance of young bank employees.

16.07.2014 07:54

Juncker becomes new European Commission president, promises to put EU economy back on track
​Jean-Claude Juncker has been appointed the new boss of the European Parliament, as he promised to ‘reindustrialize’ the economy and put the EU’s 25 million unemployed back to work.

15.07.2014 14:38

​‘No way out for Greece while the same policies of austerity are implemented’
Greece has become a social experiment for the implementation of the most extreme neo-liberalism aimed at not contaminating the eurozone during the first period of the crisis, with the same policies being followed now, Greek MEP George Katrougalos told RT.

15.07.2014 13:05

Chicago company penalized employees for excessive bathroom use, says union
A Chicago company is under fire from a local union after employees complained they are being monitored and disciplined for using the bathroom more than just a few minutes a day.

15.07.2014 03:26

UK unemployment down, but wages fall behind inflation
A steady growth in the UK jobs market has not yet translated into a lower cost of living, while wages are failing to keep pace with prices, new figures indicate.

14.07.2014 10:42

​Samsung suspends business with Chinese factory after finding ‘evidence’ of child labor
Samsung Electronics has temporarily suspended business with a Chinese supplier after suspicions it illegally used child labor. The company says it’ll stop cooperation altogether if the allegation is proved.

14.07.2014 06:31

UK wages took bigger hit post-crisis than govt. estimate- report
​UK wages during the financial crisis plummeted even more than originally estimated, new research shows.

10.07.2014 12:06

​US may end controversial five-year ‘easy money’ program in October
The US Federal Reserve said it could end the controversial five-year-old ‘quantitative easing’ program that has pumped about $4 trillion into the US economy as early as October, if there are no signs the economy is still in trouble.

10.07.2014 05:54

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