It's a December to remember for many as workers in South Africa, Australia and South Korea down tools to demand for better welfare.

US central bank, the Federal Reserve, has increased interest rates by half a percentage point to try and cope with price inflation caused, in part, by higher wages.

Sam Fenwick is joined throughout the programme by Hayley Woodin, Executive Editor of Business in Vancouver a weekly magazine and Jasper Kim, Law Professor at Ewha University in Seoul, Korea and expert in international business law.(Picture: A view of an empty station during the strike in London, United Kingdom. Credit; Getty Images.)