Examlex
The terms outsourcing and offshoring are the same thing.
Minimum Wage
The lowest legal hourly pay that employers can pay workers, set by government law.
President Obama
Barack Obama served as the 44th President of the United States from 2009 to 2017, making history as the first African American to hold this office.
Labor Market
The marketplace in which employers find workers and workers find jobs, characterized by supply and demand for labor.
Firms Lay Off
A situation in which companies reduce their workforce due to financial constraints, lack of work, or restructuring processes.
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