Posts tagged Great Resignation
Freelance Forward 2022
December 29, 2022 // Upwork's 2022 Freelance Forward survey, a representative study of 3,000 professionals, reveals a staggering 39% of the U.S. workforce, or 60 million Americans, performed freelance work in the past year, an increase from the year prior. At a time of economic and labor market uncertainty, Upwork’s study found American freelancers contributed approximately $1.35 trillion in annual earnings to the U.S. economy, $50 billion more than in 2021. This growth was driven in large part to professionals seeking alternatives to the traditional model of a full time, 9-to-5 job. The data shows that increasingly, professionals are exploring the benefits of freelancing, whether for extra income, autonomy or as a way to find more meaningful work.
Understanding America’s Labor Shortage: The Most Impacted Industries
September 9, 2022 // For example, durable goods manufacturing, wholesale and retail trade, and education and health services have a labor shortage—these industries have more unfilled job openings than unemployed workers with experience in their respective industry. Even if every unemployed person with experience in the durable goods manufacturing industry were employed, the industry would only fill 65% of the vacant jobs. Conversely, in the transportation, construction, and mining industries, there is a labor surplus. There are more unemployed workers with experience in their respective industry than there are open jobs.
The Americans Who Never Went Back to Work After the Pandemic
September 6, 2022 // Padded by transfer payments, disposable income in America spiked in 2020 and 2021, reaching previously unattained heights despite the economic crisis. And after the initial steep but temporary plunge in consumer spending from the Covid shock, the stimulus-funded rebound pushed consumer demand well above its pre-Covid trend line. Americans actually had more money in their pockets during pandemic emergency years than they cared to spend—so their savings rates doubled. In 2020 and 2021, a windfall of more than $2.5 trillion in extra savings was bestowed by Washington on private households through borrowed public funds. That nest egg could supplement earnings—or substitute for them.
Postal unions demand USPS ramp up hiring to address understaffing
August 25, 2022 // While USPS under DeJoy has converted 100,000 part-time employees to full-time status, NALC National President Fredric Rolando said Tuesday that “moving to an all-career workforce with competitive starting wages” will be on the table for its next round of contract negotiations in 2024. Postmaster General Louis DeJoy, NALC’s 2022 convention in Chicago,
Antitrust and Modern U.S. Labor Markets: An Economics Perspective
August 3, 2022 // Among the most high-profile initiatives of the Federal Trade Commission (FTC) during the Biden Administration has been a focus on using antitrust law to address issues relating to economic inequality, specifically the role that corporate mergers purport to play in undermining labor market competition, and in turn harming workers. Proponents of the FTC’s current approach appeal to academic analysis in support of their argument. We submit that this focus is misguided, and based on flawed assumptions with respect to both the state of the labor market and the purported growth in economic inequality. Rather, we argue, when analyzed correctly, the data regarding workplace flexibility, labor market concentration, and so-called “income inequality” show that, if the FTC continues down this regulatory path, the workers the agency claims to protect will suffer the greatest harm. The application of antitrust law to the labor market is unprecedented and, perhaps more importantly, antithetical to the well-being of workers. For the reasons we explain below, it should be rejected. National Longitudinal Survey, House of Representatives Select Committee on Economic Disparity and Fairness in Growth, Executive Branch,
Hybrid work may be permanent fixture for government employees, Cisco finds
July 20, 2022 // More than 90% of technology decision-makers in federal, state and local governments are satisfied with their remote work arrangement, with a current average of four remote days per week. Almost 60% work entirely remotely, the report found in surveying 300 executives, administrators and IT professionals in government from February to March. Regardless of whether you’re talking about civilian service or national security, including the DoD and intelligence communities, at the end of the day I think this gives them a much needed opportunity to truly modernize,” said Marcus Moffett, Cisco’s chief technology officer for the U.S. public sector, told Federal Times in an interview. Cisco Systems Inc, Professional Services Council, officials from OPM and the General Services Administration, Peter Bonner, associate director of Human Resources Solutions at OPM, diverse applicants and skills-based training, maximizing workplace flexibility, Chris Bennethum,
Opinion: Unions And Stress—What Businesses Should Learn
June 23, 2022 // Unionization is often a sign of discontent more than wage/benefit dissatisfaction. And workers have plenty to be discontented about. Demand for goods and services is up, but the working-age population is not. Many workers toil in short-staffed offices and shops. Add to that all the people who changed jobs in the Great Resignation and have not yet come up to speed at their new positions. More experienced workers have to take up the slack created by new employees. A further problem is poor hires. Companies have been so desperate to hire that they may bring in people not well suited to a particular job, or not suited to any job at all. Pressure to get more done is high, and staffing across the country is not adequate. Bill Conerly
Great Resignation: Study finds 40% of workers plan on changing jobs next 6 months
June 16, 2022 // Robert Half, a global talent solutions firm, reports 4 in 10 workers plan to look for a new job in the next 6 months. The findings indicate a continuation of what has been called the 'great resignation' as many workers opted to change companies during the COVID-19 pandemic. According to the company's Job Optimism Report, the top reasons for a career change cited by workers includes earning more money (65%), greater advancement opportunities (39%), and a change sought due to burnout (34%). Adrian Mojica
Now Is the Time for Unions to Go on the Offensive
June 7, 2022 // But, thankfully, a growing “militant minority” of labor advocates are calling for a more aggressive and offensive stance, and an implicit rejection of fortress unionism. Those forces argue for a dramatic increase in spending on organizing campaigns, a boost in the funding of alternative labor groups and independent unions, and more militant and disruptive labor activities, such as legal and illegal strikes, secondary boycott activities, and defying restrictive court injunctions on picketing and protest. May Day,
The year workers said ‘no’
May 16, 2022 // Signs of "waking up" don't always involve unionizing. Some workers are purposefully decreasing their productivity, known as a "slow up" in pursuit of better work-life balance.