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☆ 1 in 10 young college graduates is 'idled'—it could affect their earnings long-term
▼ + stars: | 2024-05-17 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +1 min

Just over 65% of recent college graduates — workers ages 21 to 24 — are employed and not enrolled in further education as of March 2024, according to a recent study by the Economic Policy Institute. But not all young graduates are thriving. EPI found 1 in 10 young graduates were "idling" as of March 2024, meaning they were neither employed nor going back to school. It's normal for recent college graduates to take time to figure out their next steps or look for work. EPI cited Schwandt's research on recession labor markets and their long-term impacts in its study.

Persons: EPI, Hannes Schwandt Organizations: Economic, Institute, Workers, Northwestern University, CNBC

☆ Recent college grads are doing shockingly well. Can it last?
▼ + stars: | 2024-05-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

And recent grads aren’t just finding any job, they’re finding good jobs. Not all is well: The EPI study found that racial and gender wage gaps still remain large among recent grads. GameStop shares tripped multiple circuit breakers — a temporary and mandated halt in trading to let investors cool off for a bit. Robinhood denied claims on social media on Monday that it had once again halted GameStop stock purchases on its platform. Robinhood has not shut down the purchase of Gamestop shares,” Robinhood spokesperson Anupriya Ghate said in a statement to CNN.

Persons: it’s, —, Katherine deCourcy, Elise Gould, “, Z, Z’ers, Krystal Hur, Keith Gill, Roaring Kitty, Gill, Robinhood, ”, Anupriya Ghate, ” Shein, Shein, CNN Shein Organizations: CNN Business, Bell, New York CNN, Economic Policy Institute, Stanford Institute for Economic Policy Research, Employers, GameStop, AMC, Partners, AMC Entertainment, Gamestop, CNN, Workers, Public, Public Eye Locations: New York, Black, Swiss, Guangzhou, China

☆ Having ChatGPT experience could trump a college degree, nearly half the business leaders in a survey said
▼ + stars: | 2024-04-17 | by ( Tim Paradis | ) www.businessinsider.com time to read: +5 min

In a survey, 49% of business leaders said knowing how to use ChatGPT could top having a degree. Despite this, 36% of respondents didn't see ChatGPT experience as more valuable than a degree. It's also possible that some business leaders expect that newer — and presumably younger — workers might have more exposure to AI, Nguyen said. In the survey, 36% of respondents didn't see experience with ChatGPT as more valuable than a college degree, and 12% were unsure. Some eight in 10 execs said knowing how to use AI would be even more important for entry-level workers in 2025.

Persons: —, Intelligent.com, Huy Nguyen, Nguyen, there's, It's, didn't, execs Organizations: Service

☆ Photographer steps inside Vietnam’s shadowy ‘click farms’
▼ + stars: | 2024-03-08 | by ( Bibek Bhandari | ) edition.cnn.com time to read: +7 min

“With social media, our attention is a product for advertisers and marketers.”Jack Latham’s project took him to five click farms in Vietnam. Though it is unclear when click farms began proliferating, tech experts warned about “virtual gang masters” operating them from low-income countries as early as 2007. In the following decades, click farms exploded in number — particularly in Asia, where they can be found across India, Bangladesh, Indonesia, the Philippines and beyond. The photographer added that TikTok is now the most popular platform at the click farms he visited. He included them in the book to represent the kind of content he saw being boosted by click farms.

Persons: Jack Latham, Vietnam —, ” Latham, Jack Latham’s, Latham, ”, Cambodia’s, Hun Sen, Donald Trump, — Organizations: CNN, Facebook, Twitter, China Advertising Association, “, BBC, Here Locations: Vietnam, Hanoi, Asia, India, Bangladesh, Indonesia, Philippines, China, Silicon, Hong Kong, —, North Macedonia, Vevey, Switzerland

☆ Tulsa offered remote workers $10,000 to move there. The results show how the program shook up the local economy — and what the future of smaller cities could look like.
▼ + stars: | 2024-02-25 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +8 min

At the end of 2022, Tulsa Remote had brought in almost $307 million in direct labor income to the economy, according to Tulsa Remote. For every two Tulsa Remote members who move to the city, three more come with them. But what happens to the rest of the economy when remote workers come to town? Remote workers coming to town benefited high-skilled local service workers — workers who have at least some college education — more, per the research, since they had more variety in local goods to choose from and consume and are making more money. “There are people who definitely get more benefit out of it, like homeowners or the local service sector workers,” Yoo said.

Persons: that's, Hoyoung Yoo, Justin Harlan, Yoo, ” Yoo, That’s, “, ”, Parker Vincent, ” Vincent, There’s, “ I've, Noah Sheidlower, Laura Landers, Harlan, Tulsa Remoters, —, didn't, ” Harlan, Vincent, ’ Organizations: Tulsa Remote, Tulsa, Brookings, of Economics, University of Wisconsin Locations: Tulsa , Oklahoma, Tulsa, Madison, ”, Los Angeles, —

CAPE CANAVERAL, Fla. (AP) — Workers from Clearwater Marine Aquarium in Florida have released 11 cold-stunned Kemp’s ridley sea turtles back into the Atlantic Ocean. The turtles were released earlier this week near Cape Canaveral after two months of rehabilitation, the aquarium said in a news release Thursday. They were part of a group of 16 turtles that arrived at the Tampa Bay area facility from the New England Aquarium in Massachusetts in December. Rehabilitation facilities in the Northeast frequently collaborate with other facilities to treat cold-stunned turtles. A total of 52 sea turtles were flown this past winter to Florida, where they were treated by Clearwater Marine Aquarium, as well as Mote Marine Laboratory, Florida Aquarium and Loggerhead Marine Life Center.

Persons: Kemp’s ridley, ridley, Dr, Shelly Marquardt Organizations: —, Clearwater Marine, New, Aquarium, Florida Fish and Wildlife Conservation Commission, Clearwater Marine Aquarium, Marine Laboratory, Florida Aquarium, Life Locations: CAPE CANAVERAL, Fla, Clearwater, Florida, Cape Canaveral, Tampa Bay, Massachusetts, ”, Cape Cod

☆ AI is going to force millions of workers to train for new jobs. The US has historically been terrible at this.
▼ + stars: | 2023-11-14 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Experts say many of those workers will need to be retrained for new jobs to avoid being left behind. The US economy has struggled in recent decades to help workers adjust to job disruptions. Emerging generative AI technologies like ChatGPT could eliminate or change the nature of millions of jobs over the next decade. AdvertisementWhen Donald Trump promised to bring back manufacturing jobs before the 2016 election, he was speaking to the Americans who had been left in the lurch. But many overseas jobs aren't likely to return anytime soon, among the reasons job retraining was — and remains — necessary for impacted workers.

Persons: —, Richard Baldwin, Seth Carpenter, Morgan Stanley, hasn't, Donald Trump, Michael Chui, Chui, Ethan Mollick Organizations: Service, Global, Economic, Institute, McKinsey Global Institute, University of Pennsylvania's Wharton School, PricewaterhouseCoopers, IBM, Schools Locations: United States, Mexico

☆ Why so many workers are striking in 2023: 'Strikes can often be contagious,' says expert
▼ + stars: | 2023-10-09 | by ( Jessica Dickler | ) www.cnbc.com time to read: +1 min

Just as Hollywood's writers and studios reached a tentative deal to return to work after nearly 150 days, a new strike was brewing. More than 75,000 health-care workers walked off the job Wednesday at Kaiser Permanente, the nation's largest non-profit health-care organization, driven in part by demands for higher pay in the midst of staffing shortages, which left employees burned out. At the same time, the United Auto Workers strike is ongoing, marking three weeks since the first-ever simultaneous walk out against the Detroit Three. In the last few months alone, striking or threatening to strike has led to a string of labor deals where UPS drivers, airline pilots and aerospace manufacturing employees have pushed for and won higher pay. "Strikes can often be contagious."

Persons: Johnnie Kallas, Kallas Organizations: Kaiser Permanente, United Auto Workers, Detroit, Finance, Cornell University's School of Industrial and Labor Relations, Labor

SACRAMENTO, Calif. (AP) — Workers in California will soon receive a minimum of five days of paid sick leave annually, instead of three, under a new law Gov. The law, which takes effect in January, also increases the amount of sick leave workers can carry over into the following year. “Too many folks are still having to choose between skipping a day’s pay and taking care of themselves or their family members when they get sick,” Newsom said in a statement announcing his action. Newsom already signed a law to raise the minimum wage for fast food workers to $20 an hour. Assemblymember Gail Pellerin, a Democrat from Santa Cruz who authored the law and is a former local elections official, said the law creates necessary guardrails around elections.

Persons: Gavin Newsom, Newsom, “, ” Newsom, ” Jennifer Barrera, ” Andrea Zinder, Shasta, Donald Trump, ’, Assemblymember Gail Pellerin, ”, Cathy Darling Allen, Hart InterCivic, Darling Allen, Patrick Henry Jones, ” Jones didn’t, ___ Sophie Austin, @sophieadanna Organizations: — Workers, Democratic, Wednesday, California Chamber of Commerce, unionize, Food, Commercial Workers Western States Council, Dominion Voting Systems, Santa Cruz, Democrat, Associated Press, America Statehouse News Initiative, America Locations: SACRAMENTO, Calif, California, Northern California, Shasta, Santa, Shasta County, United States

☆ 'Boreout' is the opposite of burnout – but can be just as harmful for workers
▼ + stars: | 2023-09-30 | by ( Sawdah Bhaimiya | Kai Xiang Teo | ) www.businessinsider.com time to read: +6 min

Experts warn that boreout is "just as problematic" as burnout and can lead to quiet quitting. "Boreout is basically often the opposite extreme of burnout, but also can be just as problematic in terms of our work experience," Brodsky said in an interview with Insider. Boreout, when left untreated, can lead workers down the path to quiet quitting and disengagement. Monitoring employees leads to 'busyness theater'Some companies are keeping a closer eye on employees by using technology that monitors how much they're working. She explained it's a popular misconception that boreout comes from having inadequate work — workers can still get bored at companies where work piles up.

Persons: Gen, —, boredatwork, TikToker, fidgeting, Andrew Brodsky, Brodsky, Ruth Stock, Humburg, there's, boreout, someone's, they're, Lotta Harju, Harju, it's Organizations: Service, The University of Texas, Technische Universität, Lyon Business School Locations: Homburg, Technische, Technische Universität Darmstadt, France

Across the country, federal workers still stung by the memories of past government shutdowns are grimacing and bracing for another potential extended closure. Johnny J. Jones, secretary-treasurer of the TSA workers unit within the AFGE, said even a temporary loss in pay is a massive disruption for government workers who live paycheck to paycheck. LaPointe, a mother of four who is also a union leader for 30,000 Social Security workers through AFGE, said a shutdown would be “a catastrophe" personally. A Partnership for Public Service survey ranks the Social Security Administration last among agencies in the “Best Places to Work” government-wide index. “We don’t often feel like it’s worth it to be federal employees at the time of a shutdown,” LaPointe said.

Persons: — John Hubert, Steve Reaves, Jessica LaPointe, she's, “ We’re, ”, Hubert, “, Washington gridlock, we've, Tom Vilsack, Johnny J, Jones, ” Jones, LaPointe, ” LaPointe, Reaves, — Organizations: WASHINGTON, Security Administration, Federal Emergency Management Agency, FEMA, Social Security, Disney, TSA, American Federation of Government Employees, Democrats, White House, USDA, Social, Republicans, Public Service Locations: Fort Lauderdale , Florida, Madison , Wisconsin, Washington, AFGE

☆ Employees in Asia are spending the most time looking busy at work, says Slack report
▼ + stars: | 2023-08-14 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +3 min

Workers in Asia are spending the most time on "performative work" — in other words, focusing on appearing busy more than doing real, productive work. Japan (63%), Singapore (63%) and India (57%) were ranked lowest for percentage of time spent on productive or "real work," Slack said. According to Laney, employees' focus on appearing busy is "likely influenced" by the way leaders are measuring productivity. For example, 44% of Singapore employees — the highest globally — say their productivity has been affected by spending "too much time" in meetings and emails. "There is an opportunity for companies to explore new and different ways of working, such as … adopting asynchronous ways of working rather than meetings, to facilitate more effective collaboration at work," Laney said.

Persons: Derek Laney, Slack, Laney, they're Organizations: Asia Pacific . Workers, Salesforce, Global, U.S, Derek Laney Technology, Employees Locations: Asia, India, Japan, Singapore, France, Kingdom, Australia, Germany, States, Korea, South Korea

☆ 3 places people say they never tip amid 'tipflation': ‘It’s out of control’
▼ + stars: | 2023-07-27 | by ( Morgan Smith | ) www.cnbc.com time to read: +3 min

Many also feel added pressure to tip amid the rise of automatic tipping prompts on self-service kiosks and apps, NerdWallet's consumer budgeting report found. Amid the "tipflation" debate, where are consumers tipping the least, or skipping gratuity altogether? To find out, CNBC Make It asked three New Yorkers which services they never tip on — and what etiquette experts recommend in each scenario. If it's fast food or you're grabbing a pre-packaged item from a shelf, Farley says you don't need to tip. An etiquette expert's take: When you're paying for a taxi or rideshare, you're paying the price of convenience, and your tip should reflect that, says Farley.

Persons: Saad Kabir, Thomas Farley, Mister Manners, Farley, Haley Truchan Organizations: CNBC, New York City Public Schools Locations: U.S, New York, Manhattan

☆ Remote and hybrid jobs are making a comeback—businesses have a 'requirement to be flexible,' says expert
▼ + stars: | 2023-07-17 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +3 min

But there's one indication that things are tilting back toward worker flexibility: an uptick in remote and hybrid jobs. All industries are offering more remote or hybrid roles month-over-month, according to ManpowerGroup data. In the tech sector, 34% of open roles in May allowed for remote or hybrid flexibility — by June, that share reached 40%. Nationally, just 11% of open jobs on LinkedIn are remote, but they attract close to 50% of total job applications as of May. Check out: Remote workers flocked to 'Zoom towns' during Covid—now they're competing to stay work-from-home

Persons: Becky Frankiewicz, Frankiewicz, we're, Kelly Evans, Covid — Organizations: LinkedIn, Workers

☆ As German Anxieties About Future Rise, Far Right Party Profits
▼ + stars: | 2023-06-20 | by ( Erika Solomon | ) www.nytimes.com time to read: +1 min

But the die-hards worry Germany’s political leadership less than people like Ina Radzheit. An insurance agent in a flowered blouse, she squeezed in among platters of schnitzel and frothy beers for her first visit to the AfD, the German initials by which the party is known. She is exasperated by government squabbling over climate plans she fears will cost citizens like her their modest but comfortable way of life. “I can’t say now if I would ever vote for the AfD,” she said. “But I am listening.”As anxieties over Germany’s future rise, so too, it seems, does the AfD.

Persons: Ina Radzheit, “, ” Locations: Germany, German, Ukraine

☆ Labor Board, Reversing Trump-Era Ruling, Widens Definition of Employee
▼ + stars: | 2023-06-13 | by ( Noam Scheiber | ) www.nytimes.com time to read: +1 min

In 2019, when the board was controlled by appointees of President Donald J. Trump, it elevated one consideration — workers’ chances to make more money based on their business savvy, often described as “entrepreneurial opportunity” — above the others. It concluded that such opportunities should be a key tiebreaker when some factors pointed to contractor status and others indicated employment. In its decision in 2019, the board said that a ruling during the Obama administration had improperly subordinated the question of moneymaking opportunities. The latest decision returned the board to the standard laid out in the Obama era, explicitly rejecting the elevation of entrepreneurial opportunity above other factors. The turnabout was criticized on Tuesday by businesses that rely heavily on contractors.

Persons: Donald J, Obama, Uber, Evan Armstrong Organizations: Trump, Coalition for Workforce Innovation

☆ One of the world's most expensive cities just raised the minimum wage by 32 cents an hour — and it's getting absolutely slammed for it
▼ + stars: | 2023-05-03 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Financial hub Hong Kong is one of the world's most expensive cities. On Monday, the city raised its minimum wage by 32 cents to about $5.1 per hour. A wage hike of 2.5 Hong Kong dollars, or roughly 32 cents, means that Hong Kong's minimum wage is now 40 Hong Kong dollars per hour — a 7% increase from 37.50 Hong Kong dollars previously, per the announcement. In 2022, Hong Kong was the most expensive city to live in, according to consulting firm Mercer's cost of living list of over 200 cities. The society added the minimum wage should be at least 53.40 Hong Kong dollars — 30% over the current level.

☆ Brits warned they are not saving enough for retirement and face a 'risky' future
▼ + stars: | 2023-04-24 | by ( Hannah Ward-Glenton | ) www.cnbc.com time to read: +4 min

Richard Baker / Contributor / Getty ImagesLONDON — Workers in the U.K face a "risky" future when it comes to their pensions, according to a report released by think tank the Institute for Fiscal Studies. Almost 90% of Brits aren't putting an appropriate amount of money into their pension pots — generally considered to be around 15% of earnings, according to the IFS report. Including self-employed savers within that framework would also boost their pension pots and reduce their dependence on the state pension later in life, Savova added. Most people in the U.K. are automatically entitled to a state pension, which is currently £203.85 ($253) per week. "Increasing the State Pension Age will only escalate pensioner poverty which falls disproportionately on those who have lower incomes and retire early due to ill-health," Peaple told CNBC via email.

Google (GOOGL), which for years ranked as the top company to work for in the United States, laid off thousands of workers by e-mail. During her early years there, she worked in marketing and became known as the “The Bard of Google” for the internal emails she sent celebrating the company’s culture. Google employee affected by January layoffs“The problem was, suddenly, you didn’t work for a company that was sending stuff to space or building autonomous cars,” Rout said. Hundreds of Google employees in Switzerland staged a walkout last week to protest layoffs, partly out of frustration with the lack of transparency. About a month before the January layoffs, one former employee said Google painted “You Belong” on one of the walls in their working area.

☆ Why the 4-day work week isn't the kind of perk most workers want: It's 'an upper-class issue'
▼ + stars: | 2023-01-20 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +6 min

Four-day work week trials across the world have been successful for both employers and workers. But when it comes to the four-day work week, that's "an upper-class issue," Gennip said. "They're happy to do a 15-hour stretch, but they want an eight-hour break"Recent studies show that four-day work trials have been big successes. "We have Amazon workers who do four-day work weeks, but ten hours days, and they would prefer five eight-hour days." "Some people would rather have a five-day work week and have six weeks off," she said.

☆ The labor shortage is bringing job seekers all kinds of new perks: Pick-your-pay, student-loan benefits, bonuses, and flexible work
▼ + stars: | 2023-01-05 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +6 min

A greater number are also offering remote work options, educational benefits, and fertility services. It's not just about remote work, though that remains one of the most important benefits for many workers. "What we're also seeing is that there are different approaches to hybrid work that people are exploring." This comes as more companies are outsourcing talent from lower cost-of-living countries after the pandemic made remote work more feasible. Some of these companies are also giving staffers the option of shorter workweeks and remote work.

☆ What to expect from the jobs report on Friday
▼ + stars: | 2023-01-05 | by ( Alicia Wallace | ) edition.cnn.com time to read: +7 min

Minneapolis CNN —Friday’s jobs report is expected to show that the US economy added 200,000 jobs in December, with the unemployment rate holding steady for the third-straight month at 3.7%. “The preponderance of evidence suggests that the labor market is still nowhere near back to normal,” said Julia Pollak, senior economist with ZipRecruiter online employment marketplace. Historically tightThe US labor market remains atypically tight — something that was reinforced Wednesday when the Bureau of Labor Statistics released its Job Openings and Labor Turnover Survey (JOLTS) report for November. It showed there were still north of 10.5 million job openings, or about 1.7 available positions for every unemployed person looking for work. “But it’s unclear how far inflation can fall without the labor market deteriorating, or rather, it’s not clear what the underlying pace of inflation is with the labor market this tight.”—CNN’s Matt Egan contributed to this report.

☆ Meet 3 remote workers who negotiated for better pay, workplace flexibility, or the right to quiet quit — and won
▼ + stars: | 2022-12-27 | by ( Jason Lalljee | ) www.businessinsider.com time to read: +7 min

Remote work has become increasingly popular, and make-or-break for many Americans when choosing jobs. Workers are using their current bargaining power to ask for better pay, flexibility, and work-life balance. Insider talked to three remote workers about how they did so. That's because remote work has changed his life for the better, he said. "Work was definitely a thorn in my side that really affected my entire life," she told Insider.

Employers may go through 'culture shift'Prioritizing quality of life for employees is one of the biggest career trends of 2022, said management consultant Christine Spadafor. Workers continue to demand flexibilityChandra Sahu's job gives her the flexibility to work remotely. Sahu's job changes may reflect another trend some workplace management experts call a "career correction." "The right skills, and getting those, top getting that talent into the right positions within organizations." Remote work is here to stayRecognizing employees' need for flexibility will be essential to filling roles.

☆ GM battery plant workers vote to unionize with UAW, a key win for labor as industry shifts to EVs
▼ + stars: | 2022-12-09 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT — Workers at a General Motors joint venture battery plant in northeast Ohio overwhelmingly voted in favor of representation with the United Auto Workers, the union said early Friday. The count was 710 votes in support of UAW representation; 16 against; and one was void. "Our entire union welcomes our latest members from Ultium," UAW President Ray Curry said in a release. "As the auto industry transitions to electric vehicles, new workers entering the auto sector at plants like Ultium are thinking about their value and worth. Ultium, in a statement Friday, said it respects "the decision of our Ohio workforce supporting representation by the UAW.

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