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☆ The forever labor shortage is pitting parents and their childfree coworkers against each other
  + stars: | 2023-12-03 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +12 min
Childfree workers told Business Insider they often feel pressured to cover for parents at work. Benson's not alone in experiencing the tension of splitting work between childfree workers and those with kids. For childfree workers, it may lead to resentment, or feeling like their time isn't as valuable. And that might, in turn, lead to childfree workers being asked to take on more. But the childfree workers, parents, and experts that Business Insider spoke with say that making it a worker-to-worker dispute takes the onus off of companies and policy.
Persons: —, Kira Benson, Benson, Benson's, isn't, tenable, It's, aren't, Amanda Pericles, JessieMay Reed, they've, I'm, Benson doesn't, Arindrajit Dube, Claudia Goldin, Dube, " Dube, Evi, Nardi, Pericles, Pericles isn't, Reed, Kitty Richards, Richards, Betsy Cardenas, She's, Cardenas, we're Organizations: Business, Service, Bloomberg Law, University of Massachusetts Amherst, Treasury Department, of Labor Statistics, monopsony Locations: Seattle, —
☆ Some workers are going thousands of dollars into debt to pay for their own training. A federal watchdog is scrutinizing the practice of chasing employees for money after they leave.
  + stars: | 2023-07-20 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com   time to read: +5 min
A new report from the Consumer Financial Protection Bureau looks at employer-driven debt. The report finds that employers are saddling workers with thousands in debt for training and supplies. On Thursday, the Consumer Financial Protection Bureau released a report detailing the impact of training repayment agreement provisions, or TRAPs. The watchdog said it will continue to evaluate how companies are using TRAPs to determine whether they are violating consumer financial laws. "TRAPs impose significant financial burdens on workers and foster monopsony in labor markets by reducing worker mobility and bargaining power.
Persons: onboarding, hasn't, Nurse E, E, …, Persis Yu Organizations: Consumer Financial, Service, Biden, Federal Trade Commission, FTC, Protection Locations: Wall, Silicon, America
☆ Unions Accuse UPMC of Wielding Market Power Against Workers
  + stars: | 2023-05-18 | by ( Reed Abelson | ) www.nytimes.com   time to read: +1 min
A coalition of labor groups on Thursday filed an antitrust complaint with the Justice Department against UPMC, the giant Pittsburgh-based hospital employer, accusing the system of using its enormous clout to depress wages and harm workers. Healthcare Pennsylvania, claims UPMC workers are subject to a “wage penalty” because of the health system’s dominance in local markets. “We have watched UPMC grow and amass power,” said Matthew Yarnell, the president of the S.E.I.U. group there, which has long sought to organize workers at the health system, which is largely not unionized. After a series of acquisitions, it is Pennsylvania’s largest private employer with more than 40 hospitals, 800 doctors’ offices and clinics, and a health plan.
☆ Blue-collar workers could save the US from recession as the tech industry withers
  + stars: | 2023-05-14 | by ( Juliana Kaplan | Andy Kiersz | ) www.businessinsider.com   time to read: +8 min
After a pandemic-era tech jobs boom — and now bust — more and more Americans are returning to blue-collar work for better pay and more security. As AI stands poised to potentially remake white-collar work, blue-collar work may emerge even more resilient. The Biden administration has been devoted to turning that around, pouring billions into projects devoted to bringing manufacturing jobs back stateside. And another key to the puzzle is treating blue-collar work with respect, like any other work — including high-paying tech jobs. Are you thinking of taking the plunge into blue-collar work, or have you already?
☆ Low-wage workers got big raises during the pandemic. Now that's coming to an end.
  + stars: | 2023-03-23 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com   time to read: +4 min
A new report from the left-leaning Economic Policy Institute analyzes wage growth from 2019 to 2022. Researchers found that the lowest-earners saw the highest real wage growth out of the groups analyzed. That growing pay was due to pandemic policy and need for workers, but those policies have ended. EPI looked at how the real wage growth of 9.0% for the lowest-paid workers compared to earlier business cycles and recessions. While it might sound counterintuitive that job losses lead to higher wages, EPI identifies this phenomenon as something called "severed monopsony."
☆ Companies are using layoffs to cut new-hire salaries and win back the power they held before the pandemic, some recruiters say
  + stars: | 2023-02-12 | by ( Juliana Kaplan | Rebecca Knight | ) www.businessinsider.com   time to read: +8 min
Speculation on the 'real reason' tech companies are shedding workersSome on TikTok and Reddit have posited that the "real reason" tech companies are cutting jobs is to tamp down fat salaries bloated by the Great Resignation. Tech companies scrambled to meet demand and went on a hiring binge during the pandemic. At a time when wages were climbing at the fastest pace in decades across the board, tech companies were especially generous to new hires — and even existing employees. A year and a half ago, compensation was a "completely different ball game," a former recruiter at Google told Insider. Will tech companies then try to hire back their workers at lower salaries?
☆ The FTC wants to ban companies from telling their employees they can't work for competitors — and says it'll help workers make $300 billion more a year
  + stars: | 2023-01-05 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +5 min
The FTC wants to ban noncompete agreements, which stop workers from moving to competitors or starting their own similar businesses. Under the FTC's proposed rule, employers wouldn't be able to impose a noncompete, and past ones would be rescinded. FTC Chair Lina Khan said that noncompetes undermine competition and competitive conditions. Under a new proposed rule, the FTC would ban employers from saddling workers with noncompete agreements that prohibit them from working at competitors, or starting similar businesses. In some cases, workers can't start their own businesses similar to the ones they're working in.
☆ Why the Taylor Swift debacle could lead to renewed scrutiny of the Ticketmaster/Live Nation merger
  + stars: | 2022-12-22 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +5 min
Lawmakers and Swifties are calling for the Ticketmaster/Live Nation merger to be reexamined. The Department of Justice was reportedly investigating the merger prior to the Eras Tour madness. Now, the Department of Justice is reportedly investigating the Ticketmaster/Live Nation merger, a probe that began even before the Eras Tour debacle. That's the kind of merger critics argue happened with Live Nation and Ticketmaster. Live Nation has not incurred any of those penalties.
☆ That's not a real job opening: Some companies are posting 'ghost jobs' but don't actually plan to hire you — or anyone
  + stars: | 2022-09-18 | by ( Rebecca Knight | Juliana Kaplan | ) www.businessinsider.com   time to read: +9 min
The number of job openings has been sky high over the past year in the red-hot labor market. That could be because some firms are posting "ghost jobs" that they're not actually hiring for. While many employers can't find enough workers, some qualified candidates are applying to open jobs and aren't hearing anything back. Some recruiters say that ghost jobs are on the rise due to the heightened level of uncertainty that's persisted for the past two and a half years. "There are too many jobs posted"Andrew Flowers, a labor economist at Appcast, the recruitment advertising technology company, expressed skepticism that "ghost jobs" are a widespread problem.
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