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☆ To Become a World-Class Chipmaker, America Might Need Help - The New York Times
▼ + stars: | 2023-11-17 | by ( Peter Coy | ) www.nytimes.com time to read: +2 min

I’m going to decline a $2.25 order in almost every instance. L.A. SchwartzUnion, Ky.You quoted the great economist Frank Knight. Here is a story about Frank Knight and George Stigler you might find interesting. In 1962 I was a research assistant to George Stigler at the University of Chicago. I now have a copy of ‘The Wealth of Nations’ that I can prove was read by Frank Knight.”

Persons: Adam Ozimek, ”, I’m, L.A, Frank Knight, George Stigler, Adam Smith’s “, ” Knight, Stigler, Knight, George, “ Organizations: Economic Innovation, Schwartz Union, University of Chicago, Nations Locations: United States, Ky

☆ Don't make any major life decisions based on the assumption your company will let you work from home forever
▼ + stars: | 2023-09-28 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

No matter what your company says, there's no guarantee remote work will last forever. But there are ways for workers to evaluate the safety of remote work arrangements at their company. AdvertisementAdvertisementMichael Samuel learned last year that you can't count on your company allowing remote work forever. But not all remote positions are the same, so some are more likely to stay fully remote. "And thus, we can expect remote work driven moves to increase as more firms enter three and remote work options grow and solidify."

Persons: there's, —, Michael Samuel, Samuel, Michael Samuel Michael Samuel, He's, Felicia, Adam Ozimek, they'll, Ozimek Organizations: Service, Economic Innovation Locations: New York, Oregon, Arizona

☆ The world's largest chipmaker promised to create thousands of US jobs. There are growing tensions over whether US workers have the skills or work ethic to do them.
▼ + stars: | 2023-08-16 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Differences in US and Taiwanese work culture could pose another challenge. Some TSMC workers are doubtful that Americans can adjust to the challenging work environment. It's not just a disagreement over expertise that poses risks to TSMC's Arizona chip plant. This is the work culture." It added: "We have not replaced any of our local workers with foreign workers and continue to prioritize the hiring of local workers in Arizona."

Persons: TSMC, chipmaker, It's, Morris Chang, Wayne Chiu, Fortune, they're, Mark Liu, TSMC's, Liu, chipmaker Chang, Adam Ozimek Organizations: Service, Taiwan Semiconductor Manufacturing Co, New York Times, Times, YouTube, Taiwan, Taiwan —, Brookings Institute, Arizona Pipe, Economic Innovation Group Locations: Arizona, Wall, Silicon, Taiwan, Taipei, Taiwanese, Asia, Oregon, America, Phoenix

☆ The Places Most Affected by Remote Workers’ Moves Around the Country
▼ + stars: | 2023-06-17 | by ( ) www.nytimes.com time to read: +11 min

Source: American Community SurveyThis rising mobility was driven by remote workers who sought new housing in their same metro areas, but also by a wave of remote workers decamping to other parts of the country. The rise of remote work meant that many such workers moved into these places, too. But for New York, San Francisco, Washington and Los Angeles, significantly more remote workers left than arrived. New York Metro Area Net domestic migration of workers Prepandemic 2018-19 Pandemic 2020-21 In-person workers Remote The N.Y.C. The remote workers identified this way may range from hybrid workers who primarily work from home to permanent remote workers and self-employed people who have no nearby office to visit.

Persons: ”, Hans Johnson, Johnson, Nicholas Bloom, Mr, Bloom, Adam Ozimek, Ozimek, Eric Carlson, It’s, “ Organizations: San, Major Metros, metros, York, Angeles, Washington, Seattle, Raleigh, Diego, Dallas, Sacramento, Hartford, American, Survey, San Jose metros, New York Metro Area Net, Public, Institute of California, Remote Workers, American Community Survey, Stanford, Economic Locations: San Francisco, New York, San Francisco , Washington, Los Angeles, Austin, Denver, Dallas, Nashville, Jose, Calif, Austin , Texas, N.C, Portland, Ore, Va, Conn, California, Bay Area, Washington, Ocean City, N.J, Cape Cod, Salisbury, Md, Maryland, Delaware, Fla, Stroudsburg, Pa, S.C, Panama City, Duluth, Minn

In midsized metros Metros with 250,000 to one million residents. An Emerging Divide Mobility has risen for college-educated workers, even as it has fallen for workers without a degree. College-educated workers leaving the most expensive parts of the country are also not spreading out equally everywhere — or even going to parts of the country that are struggling. Net migration among college graduates Loss Gain Among the 12 most expensive metros, net college migration has generally declined or turned negative. “Consumer cities,” as she puts it, are increasingly replacing “producer cities” as the places where college graduates want to live.

☆ The Real Reason Rent Costs Are Sky High: People Left Their Roommates
▼ + stars: | 2023-05-10 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

Though rent growth has slowed in recent months, renters in large cities are still feeling the effects of the 2021-22 rent boom. Residents of these places are now asking the question: If so many people left, why is my rent still so expensive? The first was outbound migration, which led to weaker housing demand in city centers. "High house prices, high rents, and rising interest rates are probably pushing back against household formation," Ozimek told me. If more employees keep adopting remote work — which, I'll admit, is a big "if" — that indicates housing demand is bound to increase.

☆ How 3 years of work from home have changed the US economy forever
▼ + stars: | 2023-04-02 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

From the labor market to business establishments, remote work has had many impacts on the economy. This likely will continue to be true, as experts told Insider remote work is here to stay. "And because the world of work has changed, it has implications for the US economy." "Remote work has been a huge and permanent change to how people work and live," Ozimek told Insider. Here are some of the ways remote work has changed workers and the economy.

☆ Remote job options are dwindling
▼ + stars: | 2023-03-27 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +4 min

The following chart shows select industries and which ones among them have the highest share of establishments where people teleworked all the time. BLS data shows the information sector had a relatively high share of establishments where workers worked remotely all the time, at 42.2%. While remote options may seem to be dwindling, some experts Insider talked to say that remote work is going to continue to be prevalent. "Remote work has been a huge and permanent change to how people work and live," Adam Ozimek, chief economist at the Economic Innovation Group, told Insider. Have you had to choose between returning to the office or losing your job?

☆ Remote work could help the US make more babies, have affordable housing, and tackle the mental health and climate crises, a Stanford economist says
▼ + stars: | 2023-03-15 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

Their research spans areas like the birth rate, housing, mental health, and climate change. Leading remote work expert Nick Bloom says it could be part of the solution to four of America's biggest problems. The share of work being conducted from home rose from 5% in 2019 to over 60% in 2020, Stanford economist and leading remote work expert Nick Bloom told Insider. Young Americans' mental health is plummetingTeenagers, in particular teenage girls, are in the midst of their worst mental health crisis in a decade, according to CDC data. Whether remote work will help the US move towards its climate goals remains to be seen.

☆ It's official: Remote work is going to make it easier to buy a home
▼ + stars: | 2023-01-04 | by ( James Rodriguez | ) www.businessinsider.com time to read: +12 min

Remote work pushed housing trends into warp speedIn some ways, the pandemic's housing shifts were a long time coming. The shift to remote work also hastened many people's desire for more space. Across the country, remote workers chose to part ways with roommates or seek out larger homes. Elon Musk asserted his authority at Twitter by putting an end to remote work. On the other hand, as my colleague Aki Ito previously argued, a recession could further ingrain remote work as employers look to cut spending on real estate.

☆ America needs immigrants to solve its labor shortage
▼ + stars: | 2022-12-22 | by ( Vanessa Yurkevich | ) edition.cnn.com time to read: +6 min

But If you’re wondering why America’s labor shortage persists nearly three years into the Covid pandemic, it’s in part because America doesn’t have enough immigrants. Immigrants are vital to the US economy and fill thousands of US jobs – jobs many Americas don’t want to do. Federal Reserve Chairman Jerome Powell said that in addition to an aging workforce there is a lack of foreign labor contributing to labor shortages. Those types of industries had higher rates of unfilled jobs last year – adding to existing labor shortages, according to UC Davis research. “The farm labor crisis is hindering production and contributing to food price inflation.

☆ 5 of the riskiest industries to work in during a recession, according to economists
▼ + stars: | 2022-10-28 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

While a downturn isn't inevitable, many economic forecasters believe it's just a matter of time before a recession hits. While no job is completely immune to economic headwinds, some industries tend to fare worse than others during a downturn. CNBC Make It asked three economists which industries they expect will be the most vulnerable during the next economic downturn. "The risk of a recession is real, but I think there's also a really good chance we don't have a recession at all." Check out:Here's how you can recession-proof your career, according to one CEOThe 4 most 'recession-proof' industries to work in, according to economists5 recession-proof jobs with 'consistently high' demand, according to economistsSign up now: Get smarter about your money and career with our weekly newsletter

☆ Your coworkers aren't less productive because they're 'quiet quitting.' They're just new to the job.
▼ + stars: | 2022-10-26 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Some say "quiet quitting" is among the key reasons why. But "quiet quitting" likely isn't why. But while quiet quitting may be a real phenomenon and newly coined phrase, the practice is not a new one. "I don't think "quiet quitting" is real or affecting productivity growth," Adam Ozimek, chief economist at the policy organization Economic Innovation Group, wrote on Twitter last week. But while remote workers may be productive once they're up and running, it's possible new remote employees are less productive.

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