Rep. Jim Moran argues that members of Congress are underpaid. His claim has been greeted with derision, but there's evidence the cost of living in D.C. makes it tough for members of modest means.
Trinity Groves, a 15-acre restaurant incubator, brought Chinese-Latin food and economic vitality back to West Dallas. What was once a dangerous neighborhood is now a hotspot for international eats.
The Google owned company discovered users could unintentionally disable the device by waving their hands in front of the detector.
U.S. President Barack Obama walks with an employee in Fred's Pro Hardware, June 3, 2011 in Toledo, Ohio.
Employers hired 192,000 people in March. That's a strong showing, but not quite as high as economists had expected. The unemployment rate remained unchanged at 6.7 percent.
Christopher Low, chief economist at FTN Financial, joined us to discuss.
Also, it appears the jobs market is improving, slowly but surely. But are things really getting better on the ground? We put that question to Ron Martinez, who owns a sports bar in Los Angeles and says he's been hiring.
Meanwhile, take-out is the theme of the day on Wall Street. GrubHub starts trading on the New York Stock Exchange today. In addition to operating its own food delivery app, GrubHub owns online food delivery site, Seamless. Grubhub shares are priced at $26 a piece -- valuing the company at about $2 billion. Why is Grubhub such an attractive investment? Marketplace's Jeff Tyler takes a look.Marketplace Morning Report for Friday April 4, 2014by Stacey Vanek SmithPodcast Title: PODCAST: March jobs reportSyndication: All in onePMPApp Respond: No
David Letterman's band.
The multi-million dollar question in the media world is: Who will get David Letterman’s time slot when the host steps down in 2015? An opening for a late night host also creates an opening for a band. Band leaders of successful shows are well-paid, and the increased exposure they get can open doors.
“It can enhance your chances of being successful at whatever it is that you want to do, simply because a lot of people know who you are,” says Jay Leno’s longtime band leader, Kevin Eubanks.
And for the musicians behind the band leaders, a regular spot in a late night band can be a nice change of pace from a hectic tour schedule.Marketplace for Friday April 4, 2014
Mark Garrison: When Letterman announced his retirement on the show, the on-air reaction was quick.
Band leader Paul Shaffer made a fortune playing sidekick and enduring cracks about his Canadian heritage. The exposure he got could open doors for him after the show ends.
Kevin Eubanks: It can enhance your chances of being successful at whatever it is that you want to do, simply because a lot of people know who you are now.
Kevin Eubanks was Jay Leno’s longtime band leader. Getting a slot like that isn’t easy. They just don’t come up that often.
Eubanks: Jay and I, for instance, we just got along. So sometimes it can just be something that simple. That, oh, these two people get along and that would make for good TV.
Music industry analyst Bob Lefsetz points out that it’s about more than band leaders. Behind them are working musicians trying to make a good living in a tricky industry. A job on a talk show can be a welcome break.
Bob Lefsetz: If you can get a gig on a late night show, get paid every night, sleep in your own bed, it’s very appealing.
And when you tour, you can pay bigger venues. But late night opportunities are shrinking, says Bill Carter, author of several books on late night TV.
Bill Carter: Frankly, one of the things I think you might see is a condensed band, because they have tighter budgets than they used to and the bands are expensive.
But don’t look for them to disappear. They play a vital role you don’t see on TV. Eubanks says bands are crucial for keeping the studio audience hyped up.
Eubanks: The audience has all this energy because we gave it to them during the commercials that they wanna release it, because they’re there to have a party.
And there’s now a chance for another band leader to join it. In New York, I'm Mark Garrison, for Marketplace.by Mark GarrisonPodcast Title: Never mind Letterman. What about his band? Story Type: News StorySyndication: SlackerSoundcloudStitcherSwellPMPApp Respond: No
The men were sentenced under a new, tougher law on sexual assaults. They were convicted in two separate cases, including the rape of a 23-year-old photojournalist in Mumbai.
Barbie dolls are marketed with sports gear, but could they actually run on those spindly gams? The design for a doll based on an average 19-year-old's physique looks like it really has legs.
Voters approved a prohibition in 2004. The judge, during arguments over a case involving birth certificates of children of same-sex couples, previewed a decision he plans to issue on April 14.
At the end of Ford’s assembly line in Chongqing, Plant Manager Greg Brown is counting cars. “If we stand here an hour, we should count 63 cars going by here,” Brown says, peering at a digital sign above us displaying the number of cars that have come off the line already today. “We’re scheduled to build 1,281 vehicles today.”
Ford sold its first passenger car in China in 2003. Last year, it sold close to a million.
Most of them are assembled here in the Southwestern Chinese metropolis of Chongqing, Ford’s largest manufacturing hub outside Michigan. It’s a joint venture with Chinese automaker Chang’an. “In Chongqing, we’re in a fantastic spot, because the growing auto market is out here in the middle and in the West,” says Scott Chang, spokesman for Ford. “So being in Chongqing gives us a great advantage.”
Another advantage is a near endless supply of cheap labor. The Chongqing region is home to low wages, and tens of millions of farmers eager to make more money at a factory close to home. The twenty-first century autoworker is someone like Liu Chan. He's a short, thin assembly line manager wearing a navy blue work suit emblazoned with the joint venture’s official name Chang’an Ford. “I work at the final stage of the assembly line, making adjustments to vehicles coming off the line,” says Liu inside the plant’s break room.
Liu says he works eight hours a day, with few chances for overtime. He has two kids, he owns a Ford Focus, and his wife works here, too. Ford has handpicked Liu to speak with me, and managers won’t let him discuss salary, overtime rates, no numbers.
“But this is Marketplace,” I say to his managers, “we do the numbers.”
Nope, says Ford – those numbers are secret.
So after my day at Ford is through, I return to the factory gates without the looming presence of Ford management, where other workers help me do the numbers.
“My base salary is higher than average - a little over 1,800 yuan a month,” says a worker named Xu.
His salary is equal to $1.80 an hour. Xu works on the assembly line at the plant. He shows me his Ford ID badge, but he asks that his full name not be used. Xu says with overtime and bonuses, he makes around $10,000 (U.S.) a year – enough to buy a modest apartment nearby for his wife, child and his wife’s parents.
He says he feels lucky to have this job. “The workload is very demanding, hours are long, and it’s very tiring,” says Xu, “But my salary is very high compared to work at any other factory around here.”
Xu says getting a job at Ford is so competitive that some people resort to bribing employees in Ford’s HR department just to secure a position at the plant. “It’s pretty common for the most coveted jobs at the company like the quality control department,” says Xu. “They usually have to pay between 3,000 to 5,000 yuan," which works out to be $500-900. “If you’re a woman, it’ll cost you more than double that.”
Xu says that’s because women are generally looking for less labor-intensive but highly coveted administrative roles. Xu says paying for positions at Ford was common a few years ago, but lately it’s less so because of the increasing amount of overtime required to keep up with demand. “I know one person who paid 5,000 yuan to get a job here,” says Xu, “But then he was assigned to work in the welding workshop – a really tough job. He wanted to quit, but he had to stick around to earn back the bribe he had paid.”
Xu says Ford management has made it clear to employees that bribery is illegal and if they knew about this, they’d put a stop to it. But Xu says this would be challenging for the foreign automaker. “There’s a Chinese saying: There are rules that come from above and there are solutions down here on the ground,” Xu says with a laugh.
Ford may not be alone: Marketplace discovered online posts in China by middlemen and job seekers indicating coveted jobs were for sale inside other foreign automakers like Volkswagen and General Motors. Another Ford worker, named Wang – who also didn’t want to give his full name – says he too knows people at Ford who paid bribes for their jobs. He says the problem doesn’t emanate from Ford, but from China. “You might not do this sort of thing in the US, but here in China, bribing someone to get something you want is completely normal and inevitable,” says Wang with a shrug.
Not all the Ford workers Marketplace spoke to in Chongqing talked about others who had paid for positions at the plant. Several assembly line workers said they had never heard of such a thing.
In a written statement to Marketplace, Ford said: “We take these allegations very seriously and have initiated an investigation. Any behavior that violates our policies, such as the alleged behavior, would result in immediate dismissal.”
James McGregor, head of the China region for APCO Worldwide and author of “One Billion Customers: Lessons from the front lines of doing business in China,” says it usually takes foreign companies years to get used to the scale of corruption in China. “Everything you do, every transaction, every deal, every move, every permit, there’s just so many interfaces with the government,” says McGregor.
And at every step, he says, somebody’s taking money. “So when you get into the private companies, that culture that will infect it.”
McGregor’s advice for foreign companies who find this sort of corruption inside their China operation? Don’t be soft.
“You should fire people and you should do it very publicly, and you should turn them over to police authorities,” says McGregor. “Unfortunately what happens in foreign companies a lot is they’ll investigate corruption, and then they’ll quietly pay the people off to go away and inflict some other company because they don’t want the embarrassment.”
Another challenge for companies like Ford is they’re required by Chinese law to partner with a Chinese company. Ford’s Chongqing plant is a 50/50 joint venture with Chang’an, one of China’s big four automakers. Often, Chinese partners bring their own corporate culture to the mix – which can include practices like taking bribes.
Ford employee Xu says many of his colleagues at Chongqing’s Ford plant came from one of the plants owned by the Chinese partner – he says the benefits and pay at Ford are much better. And Xu says lucky for him, he didn’t have to pay to get a job he liked.
Data compiled by Stella Xie.