The river of money flowing through this 1,800-square-mile peninsula has also driven housing costs to double in the past five years while wages for low- and middle-skilled workers are stagnant.
U.S. productivity grew at an even slower annual rate than previously thought in the final three months of last year, but economists are hoping productivity growth will revive in 2014, reflecting a stronger economy.
The number of people seeking U.S. unemployment benefits dropped 26,000 last week to a seasonally adjusted 323,000, the lowest level in three months as layoffs remain at pre-recession levels.
Thirty-five factories were closed or torn down in Pingshan county as part of the government's drive to clear up China's notoriously smoggy skies, but shutting plants has taken a human and economic toll in lost jobs and income.
Seeking to dramatize his push for higher wages, Obama dined out in Connecticut in a restaurant where employees get considerably more than the $7.25-an-hour federal minimum.
A union representing some 200 workers at the nation's only underground nuclear waste dump said its wants to be sure employees are safe when the repository reopens after a radiation leak.
A private survey shows that U.S. companies added slightly more jobs in February than in the previous month, but harsh winter weather weighed on hiring for the third straight month.
During Workplace Eye Wellness Month in March, the American Academy of Ophthalmology is reminding employers and workers in these fields about the importance of wearing eye protection.
The Supreme Court ruled that whistleblower protections in a federal law passed in response to the Enron financial scandal apply broadly to employees of publicly traded companies and contractors hired by the companies.
Chrysler has temporarily laid off 325 employees because of poor sales of the new Dodge Dart that's being assembled at the auto maker's Belvidere plant in northern Illinois.
Buffett said: “If you could have a minimum wage of $15 and it didn't hurt anything else, I would love it. But clearly that isn't the case.”
President Obama is challenging Congress to help him create jobs and rebuild the nation's infrastructure.
Subaru is projecting the investment will add 50 full-time jobs at the factory, but that's down from the 900 new jobs expected when the company announced the project.
Check out some of this week's top headlines from across Manufacturing.net, from a phone that can self-destruct from an airplane manufacturer to more stress for Detroit from the United Auto Workers union.
Sen. Corker blamed the UAW appeal — and the resulting delay in certifying the results of the union election — for putting a hold on expansion talks at the plant.
Applications are a rough proxy for layoffs. The average is not far above pre-recession levels, a sign companies are laying off few workers.
Electric car maker is considering sites in Nevada, Arizona, New Mexico and Texas for a massive battery factory that would employ around 6,500 people.
The study found that every state would see significant job gains within three years, with a major impact on manufacturing job growth.
The agreement between the company and the State University of New York College of Nanoscale Science and Engineering increases IBM's commitment of high-tech jobs at semiconductor plants in Dutchess County, Albany and Yorktown Heights by 750 from the current 2,350, Gov. Andrew Cuomo announced. It will stave off job cuts through 2016.
The man who appears poised to take over leadership of the United Auto Workers later this year says car companies' fears about the union's demise are unfounded. Membership has dropped from a peak of 1.5 million in 1979 to 382,000 at the end of 2012, although it's been rising slightly since 2009.
PepsiCo is shutting down production at its bottling facility in Hollins. PepsiCo says in a release that the move will allow it to improve efficiency, fund future investments and be more competitive. Media outlets report that 30 of the Pepsi Bottling Group facility's 150 workers have lost their jobs.
They worry that the 382,000-member UAW could be absorbed by a more hostile union. Such a merger could disrupt a decade of labor-management peace that has helped America's auto industry survive the financial crisis and emerge much stronger, according to a person with knowledge of executive discussions.
The company that manufactures Black Hawk helicopters said Friday it is eliminating 600 jobs, most of them in Connecticut, as it struggles with cuts to U.S. defense spending and a reduction in the demand for the workhorse aircraft used by the military to strike targets and ferry troops in Iraq and Afghanistan.
In an appeal filed with the National Labor Relations Board, the union asserted that "interference by politicians and outside special interest groups" had swayed the election.
Check out some of this week's top headlines from across Manufacturing.net, from a military pizza prototype that can last for up to three years to the Republican's fighting unionization at a Volkswagen plant in Tennessee. Also, Obama wants new fuel standards for trucks and Apple may have its eye on Tesla.