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Today in Labor History
Feb. 27, 1902: Birth of John Steinbeck in Salinas, Calif. Steinbeck is best known for writing The Grapes of Wrath, which exposed the mistreatment of migrant farm workers during the Depression and led to some reforms.
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Updated: Feb. 28 (16:43)

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Companies Profit Without Hiring More Workers
Updated On: Mar 06, 2013

Mar. 5, 2013 | ECONOMY | Even as corporations are making record profits, millions of Americans remain out of work and the economy is growing slowly. Experts say that economic policies have made it easier for corporations to profit, but that those gains have not translated to more jobs. The sequestration cuts could lead to about 700,000 in job losses, even though it is not expected to impact the stock market. Companies also say that the increase in productivity has made it possible for them not to hire new workers, and in some cases have even laid off more employees. Read more here.


 
 
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