Except this time around, the residual labor class they leave behind is not people, but computers that replace traditional engineers.
It is useful to start with the nineteenth century steel industry where a similar emergence of a labor class from an entrepreneurial class happened, with different outcomes for the hustlers and hackers.
The pro-status-quo vote held sway in working-class Labor seats and in rural Australia.
In the process of building this symbiotic relationship between politicians and labor unions, a whole new class of unelected officials, namely labor leaders, has come to the fore.
However, physicians are often considered by the public to be part of an exalted class who labor tirelessly with no thought other than serving their fellow man and are, for the most part, paid well for their sacrifice.
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Labor lawyers can make far more money in referral fees on class actions than in hourly fees providing labor-law advice.
Labor lawyers can make far more money in referral fees on class actions than in hourly fees providing labor law advice.
Measured as a proportion of their lifetime labor incomes, the middle class are the biggest losers, but measured in absolute dollars, the rich lose the most.
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Formed on a working-class base, Labor claims to be the first party of its kind in the Western world to have won power: in Queensland in 1899 (briefly), then as a national government five years later.
Vast transfer programs are established to redistribute money to the poor, middle-class, rich, businesses, labor unions, lawyers, interest groups, and most everyone else.
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The plaintiff sued over violations of the Fair Labor Standards Act, planning to lead a class of fellow employees who say they were denied adequate break time.
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Third, while corporate profits are reaching new heights, our labor market is just not working for middle-class families.
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Ironically, bankers managed to do them what they had done to the artisan class: split them into new mercenary and labor subclasses.
Years ago, in my Tax Policy class, we had a discussion about the value of intangible labor.
Income from labor is hard to hide and easy to tax, as the middle class knows full well.
In the second decision, a federal judge in New York chucked out a class-action suit after discovering that the plaintiff, a labor-union pension fund, never owned the shares it claimed it lost money on.
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The labor lawyers that migrate to advising public funds regarding investment matters are courted by class action lawyers that offer to pay enormous referral fees if the public funds they represent join in class actions.
The labor lawyers that migrate to advising public funds regarding investment matters are courted by class-action lawyers that offer to pay them enormous referral fees if they line up public funds as class-action plaintiff clients.
In a video on youtube, the former Labor Secretary lays out a brief case for what has caused the decline of the middle class, and with it, the decline of the American economy.
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The Labor Dept. has also argued in favor of overtime for mortgage-loan officers, another popular target for class-action lawyers.
Big Labor, much the same, buoyed by friendly legislators and the ability to carry its members into the middle class, became an enormous force in the culture.
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