One year ago we noted that despite rhetoric about a "jobless recovery," the available data showed that as the United States emerged from recession, the economy was also moving-albeit slowly-toward recovering jobs.
One of the hallmarks of the modern world is that technology marches ever onward. Every day, new products are created that we didn't know we needed until they hit the market.
At first glance, the A. Lorne Weil Outrageous Business Plan Competition might look like just another frivolous exercise by MBA students with nothing better to do. It isn't.
It's always good to know who your friends are. For American manufacturers, it's particularly good to know who in the federal government are your friends.
In the inimitable words of Yogi Berra, it's déja vu all over again. One year ago, we wrote on this page "The world's greatest deliberative body, a.k.a. the U. S. Senate, has labored mightily and brought forth failure." The issue then was medical liability, the Patients First Act of 2003. The issue now was the Class Action Fairness Act
It wasn't exactly an amazing revelation when an economist at the Bank of Nova Scotia reported that auto parts makers producing high labor content products will have an increasingly difficult time competing with the low-wage countries such as China.
The Fair Labor Standards Act of 1938, as amended, provides for minimum standards for both wages and overtime entitlement, and spells out administrative procedures by which covered worktime must be compensated.