White House economists: There isn't a "missing worker" problem anymore
It looks as if it simply took time for potential workers to match up with jobs and return to the labor force after the pandemic, White House economists argue.
So You Think You're Being Underpaid? Compared to What? | Patrick Carroll
Is a worker being underpaid and exploited if someone working a comparable job gets paid more than them? Many would say yes. But there’s a fundamental problem with comparing the value of different jobs.
We found the 'missing workers' : The Indicator from Planet Money
Millions of people opted out of the labor force during the pandemic, and the Federal Reserve's most recent update on the economy explains why. Today, we hear from people who made that decision to leave the workforce.For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Employers Are Rebalancing Pay Strategies in a Precarious Economy — Payscale's 2023 Compensation Best Practices Report Shows
Today, Payscale Inc., the leading provider of compensation data, software and services, released the results of its flagship survey, the 2023 Compensation Best Practices Report (CBPR), shedding light on the ongoing power struggle between employees and employers.
U.S. labor market still tight; monthly producer inflation accelerates
The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, offering more evidence of the economy's resilience despite tighter monetary policy.
Is tipping getting out of control? Many consumers say yes
NEW YORK (AP) — Across the country, there’s a silent frustration brewing about an age-old practice that many say is getting out of hand: tipping. Some fed-up consumers are posting rants on social media complaining about tip requests at drive-thrus, while others say they’re tired of being asked to leave a gratuity for a muffin or a simple cup of coffee at their neighborhood bakery.
Layoffs.fyi - Tech Layoff Tracker and Startup Layoff Lists
[LIVE] Tracking all tech startup layoffs — and lists of employees laid off — since COVID-19 was declared a pandemic. This page is constantly being updated.
College Majors and Skills: Evidence from the Universe of Online Job Ads
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals.
New FTC Ruling May Kick Restrictive Contracts to the Curb
The FTC wants to eliminate noncompete agreements in the U.S. to make labor markets more competitive, but will likely face strong pushback from the U.S. Chamber of Commerce, a leading lobbying group.
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.