Millions of workers are subject to noncompete agreements. They could soon be banned
The Federal Trade Commission has proposed a new rule that bans the use of noncompete agreements, calling them an exploitative practice that suppresses wages and hampers innovation.
Cooler hiring and milder pay gains could aid inflation fight
WASHINGTON (AP) — America’s employers added a solid 223,000 jobs in December, evidence that the economy remains healthy even as the Federal Reserve is rapidly raising interest rates to try to slow economic growth and the pace of hiring .
After years of growing income inequality, concerns about technology-driven displacement of jobs, and rising societal discord globally, the combined health and economic shocks of 2020 have put economies into freefall, disrupted labour markets and fully revealed the inadequacies of our social contracts. We find ourselves at a defining moment: the decisions and choices we make today will determine the course of entire generations’ lives and livelihoods.
Automation, or the use of technology to perform tasks that were previously performed by humans, has been a topic of significant interest in economics due to its potential impact on labor demand.
First of its kind industry report shows New York City’s App-based delivery workers experience harsh working conditions
Los Deliveristas / Worker's Justice Project and Cornell ILR’s Worker Institute released a new report titled, “Essential but Unprotected: App-based Food Couriers in New York City.” The report examines the harsh and unregulated working conditions of app-based delivery workers engaged by digital platforms.
KC Fed LMCI Suggests Recent Inflation Is Not Due to the Tight Labor Market
A tight labor market tends to raise wages and lower unemployment, but an overly tight labor market can cause inflation. Labor market momentum, as measured by the Kansas City Fed Labor Market Conditions Indicators (LMCI), can signal whether the current level of activity in labor markets is inflationary.
4 million NYC workers will now see how much jobs pay before they apply—here's what to know
Starting Nov. 1, most employers in New York City will be required to list the salary range on all posted job ads, promotions and transfer opportunities. Experts say salary transparency will play a role in closing the wage gap.
U.S. surgeon general says workplaces are taking a toll on Americans' mental and physical health
“As we recover from the worst of the pandemic, we have an opportunity and the power to make workplaces engines for mental health and well-being,” Surgeon General Vivek Murthy said.
The June jobs report was cheered by economic bulls given its strength in level terms, but rates of change among leading indicators don't favor a soft-landing outcome for the economy.
Jacob Reed - ReviewEcon.com on Twitter: "RT @byHeatherLong: Workers are experiencing the biggest decline in years in inflation-adjusted pay. Wages are up 5.1% in past year. Infla…" / Twitter
Workers are experiencing the biggest decline in years in inflation-adjusted pay. Wages are up 5.1% in past year. Inflation is up 9.1%.The Labor Department calculates that workers had a -3.6% inflation-adjusted decline in pay in the past year (that's seasonally adjusted). pic.twitter.com/yM0cd7sHbn— Heather Long (@byHeatherLong) July 13, 2022
This is a great activity created by The Foundation for Teaching Economics (FTE). To get more information about the activity and to download the worksheets pl...