REUTERS/Charles Platiau LONDON — Everyone knows capitalism is based on supply and demand. If the supply of something goes down, then the price of it rises. The concept applies to labour, too. In boom times, when there is low unemployment, wages go up as employers compete for workers and the available labour pool dwindles. With unemployment in the […]

Screenshot via YouTube Carrier employees react to news in February that their plant is being relocated to Mexico. Carrier employees are rejoicing Donald Trump’s announcement on Thursday that their company will be keeping more than 1,000 jobs in Indiana. It’s a reversal from Carrier’s statement nearly a year ago that the Indianapolis-based air-conditioning company would relocate its plant […]

Getty LONDON — Britain stands to lose out on 215,000 workers in the house building and infrastructure industries if it pushes for tight immigration controls over European Union citizens in Brexit negotiations. That’s according to consultancy firm Arcadis who sent a report to Business Insider detailing analysis on how it forecasts Brexit hurting the country’s infrastructure […]

Workers at Chicago O’Hare International Airport are planning to strike on Thanksgiving, a notably busy time for airlines, CNN Money reported. Hundreds of workers consisting of janitors, baggage handlers, cabin cleaners, and wheelchair attendants will participate in the strike. The workers are not unionized and are seeking a wage of $ 15 an hour. Some […]

LendInvest Christian Faes, LendInvest. The CEO of a leading London fintech startup says the government’s planned crackdown on foreign workers would be a “competitive disadvantage” for the nascent industry. Home Secretary Amber Rudd said in a speech earlier this month that the government would make it harder for companies to give jobs to immigrants before […]