Labor

COVID-19 has sped up the automation of many tasks, leading some to fear algorithms will take their jobs. But AI is creating more jobs than it destroys.

WASHINGTON (AP) — Wages jumped in the three months ending in September by the most on records dating back 20 years, a stark illustration of the growing ability of workers to demand higher pay from companies that are desperate to fill a near-record number of available jobs.

A lasting effect of this pandemic will be a revolution in worker expectations.

EconExtra is a series of posts that go beyond the textbook, relating current events and recent developments in economics to content standards, and providing resource suggestions to help you incorporate the current events into your lessons. The content in this post could be incorporated into lessons covering several of the EEC Voluntary Content Standards, including 1: Scarcity, 11: Money and Inflation, 13: Income, 15: Economic Growth, 18: Economic Fluctuations, 19: Unemployment and Inflation, and 20: Fiscal and Monetary Policy.   The Headlines   We’ve had the “Great Depression,” the “Great Recession,” and now, the “Great Resignation.” Headlines abound regarding how many people are leaving the workforce. April set a new record for the number of people quitting their jobs, only to be surpassed in July, and again in August, when 4.3 million people, or 3% of the workforce, quit. Why are so many Americans quitting their jobs?

A growing focus over the past few months has been the US labor market’s increasing quit rate. Despite working its slow process back to full strength, a growing number of workers are quitting their job.

Average wages for nonmanagers at restaurants and bars hit $15 an hour in May, but many say no amount of pay would get them to return. They are leaving at the highest rate in decades.

Hazard pay changed the lives of California grocery store employees during the pandemic and may have begun a long-term shift for lower-wage workers.

Motherboard spoke to economists and historians about why fast food and retail workers around the country are suddenly quitting en masse.

Measure of the wage growth of individuals. It is constructed using microdata from the Current Population Survey (CPS), and is the median percent change in the hourly wage of individuals observed 12 months apart.

Jobs and pay can vary a lot depending on where you live, based on 2013 data from the Bureau of Labor Statistics. Here’s an interactive to look.

Beaumont Health has more than 2,600 open positions across its eight hospitals and more than 165 outpatient centers. Roughly 5 percent of those positions fall under one job — medical assistant.A medical assistant performs relatively routine tasks, such as filling out insurance forms,…

In what’s been dubbed the “Great Resignation,” 4 million people, or 2.7% of US workers, quit their jobs in April

When Omar Anani was starting out in the restaurant industry more than a decade ago, he slept in the back seat of his car and often didn't know where his next meal would come from. Even with tips, the $2.65 an hour he made as a server wasn't enough to live on. "It was something I swore I would never…

“Employers are becoming much more cognizant that yes, it’s about money, but also about quality of life.”

St. Louis Fed President James Bullard discusses the ratio of unemployed workers to job openings, along with other measures, to assess the state of the labor market.

Michigan's restaurant and hospitality industry is scrambling in preparation for the holiday weekend — one they won't soon forget. Memorial Day weekend, the unofficial start to summer, is expected to overwhelm restaurants, hotels and golf courses as the eager vaccinated population sheds masks for…

How many views and followers on Instagram, YouTube and TikTok do you need to give up the day job?

The amusement park is also increasing pay to a minimum of $20 an hour for all seasonal and part-time employees.

The food service industry is trying to bring back employees as customers prepare for a summer of dining

The Wendy's fast-food restaurant in Hazel Park closes nightly at 8 p.m. now — when it can stay open even that late. In recent weeks, a Taco Bell in St. Clair Shores has shut off its drive-through screen between 2 p.m. and 4 p.m. weekdays, turning away midafternoon customers before the evening…

This week, Democrats will find out if they can include a $15 minimum wage in the stimulus package

Next week's pay increase would put Costco ahead of much of the industry. CEO W. Craig Jelinek said higher pay reduces turnover and boosts productivity.

The pandemic has impacted labor in many ways. This chart reveals how global wages have been effected by COVID-19.

DoorDash is expanding its robotic footprint into the kitchen. The delivery service is set to acquire Chowbotics, a Bay Area-based robotics best known for its salad-making robot, Sally. TechCrunch has confirmed the acquisition, which was first noted by The Wall Street Journal. “We have long admired the work that Chowbotics has done to increase access […]

‎Show Think Like An Economist, Ep The Labor Market - Live to Work, or Work to Live? - Nov 9, 2020