Posts tagged job market
COMMENTARY: Good news: 2023 won’t mark a union revival
January 3, 2024 // The decline of union membership has been remarkably steady over the last four decades. Since 2000, the year-to-year change in the unionization rate has been positive only six times, and those small gains have quickly been reversed. Moreover, the latest data show that unionization is increasingly concentrated in the government sector, especially local services such as K-12 education and public safety. Only 6% of private sector workers are union members.
McLayoffs Incoming: McDonalds Embracing Google’s AI For Online Ordering
December 14, 2023 // The American worker's plan to phase themselves out of the job market once and for all is almost complete. At least, that's what the case looks to be like at McDonald's. The fast food restaurant, which has already adopted self-serve kiosks in store, is now tapping Google's AI for its online ordering experience. In a press release out late last week, McDonald's said the partnership "is a significant step for McDonald's in advancing its restaurant technology platform to become the most sophisticated and productive in the industry."
From Detroit to Hollywood, New Union Leaders Take a Harder Line
August 18, 2023 // The full-throated demands can also backfire in economic terms. Yellow, a trucking company with 30,000 employees, declared bankruptcy several months after talks with the Teamsters broke down. The company’s chief executive said in a statement that the Teamsters’ intransigence drove Yellow out of business, though analysts note that the company showed signs of mismanagement for years. The risks may be even higher in industries under pressure to embrace a new business model. The major U.S. automakers have said that they need the ability to team up with nonunion battery manufacturers to secure additional capital and expertise. But Mr. Fain, the new U.A.W. president, has said that the failure to organize more battery workers was a major failure of his predecessors, and that battery workers must receive the same pay and working conditions that union workers enjoy at the Big Three. Many U.A.W. members say the tension between the automakers’ goals and the union’s indicates that a strike will be hard to avoid when their contract expires in mid-September. But they do not appear to be shrinking from that possibility.
Public-Sector Hiring Boomed Post-COVID. Union Membership Nationwide Did Not
April 17, 2023 // Federal, state & local governments added 685,000 total jobs in 2022, with a gain of 83,000 union members. But outside of California, membership fell
Hundreds of Thousands of Jobs At Risk of Automation and AI Replacement in New Jersey
March 1, 2023 // Several media and tech companies, including BuzzFeed and Microsoft, have already stated their intentions to use artificial intelligence to generate content and improve their products. And while BuzzFeed claims that AI will not impact the size of its workforce, the announcement came a month after the company laid off 12% of its employees to cut costs. The advantages AI can offer businesses is undeniable, and the implications are impossible to ignore. AI is capable of automating a wide range of tasks that, until now, have been performed by humans. But unlike human beings, an AI does not need regular paychecks or breaks. And as AI capabilities continue to develop, virtually no industry will be left untouched. (Here is a look at the fastest growing industries in America.)
Millions of Jobs At Risk of Automation and AI Replacement in California
February 27, 2023 // According to a recent report from NetVoucherCodes, a U.K.-based voucher code website, automation and AI pose a high risk to 2,322,630 jobs in California in the coming years - or 16.9% of all jobs considered, the seventh smallest share among states. Distinct from AI, automation - such as the software used in automatic checkout counters or robotics used in manufacturing - poses risk to the largest number of jobs in the coming years. In California, automation poses a high risk to 2,000,730 jobs, compared to 321,900 jobs exposed to risk from AI technology.
The Standoff Between Workers and Their Bosses Is Set To Heat Up in 2023
December 15, 2022 // Now, the strong labor market that emboldened workers is softening. The unemployment rate ticked up to 3.7% in November—it had gone as low as 3.5%—–and high-profile tech and media companies have recently cut their payrolls through steep layoffs. But that doesn’t mean workers are losing the upper hand, says Thomas Kochan, a professor of employment research at the MIT Sloan School for Management. If anything, the current economic conditions mean labor strife may accelerate next year. “I expect what we’ll see is more conflict, more strikes, and more contract rejections,” Kochan says. Workers are still focused on companies’ profits during boom years, he notes, while companies are starting to trim costs to prepare for an economic downturn. “It’s that difference in expectations,” he says, “that creates a higher probability of conflicts and strikes.”
Opinion: An unprecedented labor shortage
July 26, 2022 // There are 50% more job openings today than at any time before the pandemic. The unemployment rate is near a half-century low. So how did that happen? A combination of government policies that simultaneously reduced the supply of workers and stimulated demand for goods and services. There are 755,000 fewer people employed today than at the start of the pandemic, despite an increase of 4.2 million in the population of people ages 16 and older. employment-to-population ratio, labor force decline, Social Security, welfare-without-work, federal subsidies, Recognized Apprenticeship Programs, Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, education alternatives, encourage flexible work
Millions of people who left the US job market last year plan to stay away in an act of ‘long social distancing,’ fanning the flames of inflation
April 21, 2022 // The dropouts were most likely to be women, those lacking a college degree, and people working in low-paid sectors, the researchers said. A quarter of those unwilling to return to pre-pandemic activities cited pandemic fears as a primary or secondary factor.