Senior Economics Correspondent, @TIME. Formerly The Atlantic, LA Times. 4 time Loeb finalist. Substack here: http://alanasemuels.substack.com
I love this look for you, American workers. But how long can it last with such high inflation? "25 hours is the new 35." Why more Americans are opting to work part time.
Meanwhile, Yelp, which allows employees to work from anywhere, says it saw record revenues, higher employee satisfaction, and average time to hire reduced by 23% since 2019.
Work stoppages -- strikes and lockouts -- increased by 50% in 2022 and the number of workers involved increased by 60%, according to new report from Cornell's @ILRLaborAction tracker.
Consumer spending is still going strong and today's Commerce Dept data again suggests the U.S. economy is doing pretty well. Why that's not great if you're poor:
Happy Women's History Month, women still make about 80% of what men do, same as in 2002.
Re-upping @theindicator podcast about U.S. demographics after this morning's jobs report. America's aging population and low immigration rates are really starting to hit the labor market (see Beige Book report about construction co. flying in workers)
If you've never noticed the Great Tampon Shortage of 2022, you probably don't use them. If you have wondered about it, I have answers for you!
Here sums up the past decade's gig economy: "Venture capitalists have subsidized the creation of platforms for low-paying work that deliver on-demand servant services to rich people, while subjecting all parties to increased surveillance."
Video game company revenues are at an all-time high, surpassing box office receipts by some estimates. But workers say conditions are worsening, and are pushing for a union similar to the Hollywood guilds. My piece as E3 kicks off in LA:
That’s quite a caption. . . in a New York Times story
Are unions, like so many other things, becoming a privilege for the educated? Campaigns to organize blue-collar workers are failing, while ones to unionize white-collar workers are succeeding. My latest:
Say what you will about Prop. C, but after Seattle businesses defeated the head tax, saying that they wanted to solve homelessness but that a head tax wasn't the right solution, no new plan emerged, and more homeless are dying on the streets.