Category Economics

Job cuts

“We’ve agreed that about 9,000 jobs will be eliminated in a socially responsible way, but in exchange, about 2,000 will be created in new areas like electrification and digitization.” “This bureaucrat boasts that he has ensured that 7,000 jobs will…

Job cuts in trucking

“Truck brokerage giant C.H. Robinson Worldwide Inc. laid off approximately 650 employees this week, the company confirmed Thursday. Sources close to the situation originally estimated the number would be closer to 1,000, possibly up to 1,200.” — FreightWays

A new income tax

“Massachusetts voters approved a 4% tax on annual income above $1 million, on top of the state’s current 5% flat income tax.” — CNBC