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+4 +1
‘This is not an employee choice': The CEO of Morgan Stanley gets real and says employees can't simply choose to work remotely
The pandemic has completely transformed people’s working lives. Employees across industries have gotten used to remote work, and they want to hold onto it, fighting back against efforts to bring them back into the office, and experts warning that if companies don’t welcome remote work, they risk losing talent.
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+23 +1
The number of U.S. workers quitting their jobs in September was the highest on record.
Employers are still struggling to fill millions of open jobs — and to hold on to the workers they already have. More than 4.4 million workers quit their jobs voluntarily in September, the Labor Department said Friday. That was up from 4.3 million in August and was the most in the two decades the government has been keeping track. Nearly a million quit their jobs in the leisure and hospitality industry alone, reflecting the steep competition for workers there as businesses recover from last year’s pandemic-induced shutdowns.
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+16 +1
A Record Number of Americans Are Quitting Their Jobs; Highest Numbers Since 2000 - Media Traffic
A record 4.3 million people quit their jobs in August, evidence of the considerable leverage workers have in today’s economy. About 2.9% of the workforce quit in August, up from 2.7% in July, according to the Job Openings and Labor Turnover Survey (JOLTS) report, released Tuesday. That marks the highest quit rate since the report began in late 2000.
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+14 +1
‘Pay me my worth’: restaurant workers demand livable wages as industry continues to falter
After the traumas of widespread economic shutdowns during the coronavirus pandemic, America’s restaurant industry is largely open for business again as eateries ranging from high-end bistros to fast-food chains are serving hungry customers.
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+2 +1
Minimum wage would be $26 an hour if it had grown in line with productivity
The federal minimum wage in the U.S. has remained glued at $7.25 an hour for the last 12 years, the longest stretch without a boost since it was first adopted in 1938. Yet there's another revealing figure that underscores how the minimum wage — created by Congress after the Great Depression as a way to ensure that Americans were fairly paid for their labor — has failed to keep up with the times.
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+11 +1
Nearly half of American workers don’t earn enough to afford a one-bedroom rental
Nearly half of American workers do not earn enough to rent a one-bedroom apartment, according to new data. Rents in the US continued to increase through the pandemic, and a worker now needs to earn about $20.40 an hour to afford a modest one-bedroom rental. The median wage in the US is about $21 an hour.
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+16 +1
$15 Minimum Wage Isn't Enough for Workers to Afford Rent in Any U.S. State
In Florida, someone working full-time would need to make $24.82 an hour to afford a two-bedroom rental. In Colorado, you’d need to make $27.50 an hour. In Washington state you’d need to make $29.31 working full-time. The wage thresholds for a two-bedroom rental in New York and Washington, D.C., are even higher: $34.03 and 33.94, respectively.
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+15 +1
'People are just walking out in the middle of shifts': What it's like to work in a restaurant right now
Going out to eat might feel a little different these days. Maybe you’re waiting longer for a table, even though the restaurant doesn’t appear full. Or maybe your service is slower, and your server seems anxious.
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+16 +1
What the US gets wrong about minimum wage
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+1 +1
Millions Are Unemployed. Why Can’t Companies Find Workers?
In a red-hot economy coming out of a pandemic and lockdowns, with unemployment still far higher than it was pre-Covid, the country is in a striking predicament. Businesses can’t find enough people to hire.
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+21 +1
"Nobody Wants to Work Anymore": The Truth Behind This Unemployment Benefits Myths | US Unemployment and Employment Data - Eminetra
AFrom t’s restaurants nationwide AlbuquerqueTo New Mexico Fort worth, Texas – The same signs are appearing. Please wait for a while for the staff who appeared. Nobody wants to work anymore. “ The federal government’s expansion of $ 300 weekly unemployment benefits means keeping people at home rather than behind cashiers or in fast-food kitchens. …
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+13 +1
Employers are outraged that workers won't come crawling to work for peanuts in a pandemic
The big push is on to blame the American Rescue Plan for businesses not being able to find enough workers to fill their jobs. Business owners—restaurant owners in particular—are lining up to tell reporters how those darn lazy workers would rather stay...
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+4 +1
The Pandemic Benefit Seems so Great Because Actual Wages Are Insanely Low
At the end of last week, the $600 federal unemployment insurance supplement expired after a congressional deadlock on passing a new stimulus bill, leaving millions of laid-off workers without income that was helping them support themselves and their families.
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+20 +1
The $15 Minimum Wage Doesn’t Just Improve Lives. It Saves Them.
A living wage is an antidepressant. It is a sleep aid. A diet. A stress reliever. It is a contraceptive, preventing teenage pregnancy. It prevents premature death. It shields children from neglect.
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+6 +1
The Rich Can’t Get Richer Forever, Can They?
Inequality comes in waves. The question is when this one will break.
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+15 +1
Ontario’s Ford government is right: Wages should be set by ‘economics not politics’
Many politicians and interest groups advocate a rapid increase in the minimum wage in the name of social justice. Yet this ignores the results of past experiments. Ontario’s new minister of labour, Laurie Scott, pushed back by cancelling the increase to $15 planned for January 2019 — her government’s legislation to make the cancellation official is expected to have its third reading at Queen’s Park Tuesday — stating that the minimum wage should be determined “by economics, not politics.” This is a reasonable compromise, which will avoid further harming workers at the bottom of the ladder, and more specifically the young.
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+13 +1
McDonald's, Wetherspoon's and TGI Friday workers to go on strike together over 'poverty pay'
Staff at JD Wetherspoon, TGI Fridays and McDonald’s are staging coordinated strikes next month to highlight the issue of “poverty pay” and insecure working in the UK hospitality industry. Workers in two Wetherspoon’s pubs will walk out on 4 October alongside staff from four McDonald’s chains and three TGI Fridays restaurants. Matt Rouse, a striking kitchen worker at the Bright Helm pub in Brighton said he had been inspired by his co-workers to “call out injustice in our workplaces”.
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+40 +1
Employers will do almost anything to find workers to fill jobs — except pay them more
Employers are bellyaching about a lack of workers to fill jobs, but they're not willing to pay more to attract them.
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+3 +1
Driving for Uber is basically the same as working any other low-paying job
Uber has shared some numbers about driver earnings in economic papers, usually through collaborations with respected academics. But the figures it’s given out are hard to compare with one another. A January 2018 paper that Uber collaborated on used “gross earnings” ($21.07 an hour), or what the driver makes before costs such as gas and vehicle depreciation, as well as Uber’s service fee, are deducted. Earlier research from Uber’s team and Princeton economist Alan Krueger examined earnings “net of Uber’s fees,” but before driver expenses ($20.19 an hour).
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+3 +1
America is Regressing into a Developing Nation for Most People
You’ve probably heard the news that the celebrated post-WW II beating heart of America known as the middle class has gone from “burdened,” to “squeezed” to “dying.” But you might have heard less about what exactly is emerging in its place. In a new book, The Vanishing Middle Class: Prejudice and Power in a Dual Economy, Peter Temin, Professor Emeritus of Economics at MIT, draws a portrait of the new reality in a way that is frighteningly, indelibly clear: America is not one country anymore. It is becoming two, each with vastly different resources, expectations, and fates.
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