A study co-authored by graduate student Evan J. Soltas finds that illness caused by Covid-19 shrank the U.S. labor force by around 500,000 people, reports Gwynn Guilford for The Wall Street Journal. “If we stay where we are with Covid infection rates going forward, we expect that 500,000-person loss to persist until either exposure goes down or severity goes down,” said Soltas.
Prof. Thomas Kochan writes for Fortune about how California’s new Fast Food Council can positively impact businesses, investors, employers, and workers. The council is “composed of industry, worker, and government representative to set minimum wage, safety, and employment and training standards for workers in large fast food chains and their franchises,” writes Kochan.
Writing for WBUR, Prof. Emeritus Thomas Kochan and Wilma Liebman, former chair of the National Labor Relations Board, explore the current rise in worker activism and how to rebalance the relationship between employees and management. “The challenge, as ever, is to translate successful organizing campaigns into successful negotiations, resulting in labor agreements that provide ongoing representation for workers,” they write.
Prof. Anna Stansbury speaks with Tracy Alloway and Joe Weisenthal of Bloomberg’s Odd Lots podcast about her research on the labor market and worker power. “In my work, when I'm trying to measure worker power," says Stansbury, "I'm trying to say, ‘What would a given worker be paid in a kind of market situation without that power? And then how do different factors give that worker the ability to share in the profits of the firm?’"
Joseph Coughlin, director of the MIT AgeLab, writes for Forbes about the impact Baby Boomer and Gen X retirement can have on the increasing labor shortage in the United States. “While some millennials can’t wait for the Boomers and older Gen X’ers to step aside in the job market, there are critical labor shortfalls in many key industries that will be sharply felt by Millennials as consumers and as the next generation of leadership in business and government,” writes Coughlin.
MIT researchers have found five main predictors of attrition: toxic work culture, job insecurity, stressing innovation, not being recognized for performance, and poor response to Covid-19, reports Meghan M. Biro for Forbes. “Everything boils down to valuing your people – and possibly undertaking a bout of serious self-assessment,” writes Biro.
Amazon workers from Staten Island have become the first group to vote in favor of unionizing, reports Ari Levy and Annie Palmer for CNBC. “I would expect now that there is this first victory on the part of a union that Amazon is going to have to reassess its labor relations strategy and begin to negotiate in good faith to reach an agreement,” says Prof. Tom Kochan.
New York Times reporter Steve Lohr spotlights how the William & Flora Hewlett Foundation and the Omidyar Network have made a gift to help establish a new program that will analyze forces contributing to the erosion of job quality and labor market opportunity for workers without college degrees. “Markets are terrific, but we have to overcome this notion that ‘markets are autonomous — so just leave it to the market,’” says Prof. David Autor. “That fatalism is a decision.”
Bloomberg reporter Ben Holland spotlights “The Work of the Future: Building Better Jobs in an Age of Intelligent Machines” – a new book written by Prof. David Autor, Prof. David Mindell and Elizabeth Reynolds PhD ’10 – about the future of job mobility and social safety nets in the United States.
On Point host Meghna Chakrabarti speaks with Prof. David Autor about his research investigating the success and failures of the Paycheck Protection Program (PPP). “If there's one thing I would change, is that I would rebuild our unemployment insurance program, so use modern data systems integrated nationally,” says Autor of how he would alter the PPP.
Prof. David Autor, Harvard University Prof. Gordon Hanson, University of Zurich Prof. David Dorn, and Monsah University Prof. Kaveh Majlesi have described an “ideological realignment in trade-exposed local labor markets that commences prior to the divisive 2016 U.S. presidential election,” reports Thomas B. Edsall for The New York Times.
New York Times reporter Gina Bellafante spotlights a report from the Sloan School of Management which found that toxic work culture leads to a higher attrition rate than unsatisfactory pay. “Attrition rates in the financial sector hovered around 9 and 10 percent, several points higher than those for the health care and telecommunications industries and nearly twice as high as the figure for the airlines,” writes Bellafante.
Forbes reporter Bryan Robinson spotlights a report by researchers from the Sloan School of Management, which found people are quitting their jobs because of toxic workplace culture, not low pay. “The report says toxic workplace culture is 10.4 times more likely to contribute to an employee quitting,” writes Robinson.
A new study by Prof. David Autor examining the effectiveness of the Paycheck Protection Program found that the program ended up subsidizing business owners and shareholders more than workers, reports Stacy Cowley for The New York Times. “Jobs and businesses are two separate things,” says Autor. “We tried to figure out, ‘Where did the money go?’ — and it turns out it didn’t primarily go to workers who would have lost jobs. It went to business owners and their shareholders and their creditors.”
Fortune reporter Tristan Bove spotlights a study led by economists from MIT, Stanford, the University of Chicago and Mexico’s ITAM on how workers are spending their time while working from home. “Pandemic habits give Americans around 70 minutes of extra free time a day,” writes Bove. “The lion’s share of this, around 60 minutes, comes from getting rid of commuting, but workers have also spent around nine minutes less on average doing daily activities such as grooming or picking out fresh clothes.”