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This marks a shift from the incentive culture that many companies have been using to lure workers back to the office post-pandemic. But workforce demographics vary widely when it comes to the benefits, and the desire, to return to the office. Employees who work from the office at least three times a week report feeling more connected to their colleagues, a company spokesman said. This could mean, for instance, spelling out to the sales team that Mondays and Wednesdays are in-office days because that's when the bulk of customer interactions happen, and making clear to engineering that Thursdays are in-office days because that's when code reviews happen. This comes as the company will start mandating employees be in the office four days a week, up from three days, after Labor Day.
Persons: Bradford, Bell, William J, Conaty, there's, slowdowns, Morgan Chase, Davis Polk, Sallie Krawcheck, Lynne C, Vincent, Jenny von Podewils, Podewils, Rubab Jafry O'Connor, Neil Barr Organizations: Resources, Center, Cornell University's ILR, Google, Skadden, Wardwell, LaSalle Network, Citi, Bank of America, CNBC, Companies, Whitman School of Management, Syracuse University, Employees, Carnegie Mellon University's Tepper School of Business, Labor Locations: Slate
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?
About 120,000 workers walked out of the job in 2022 — roughly 40,000 more than in 2021. Per new Bureau of Labor Statistics data, the number of major work stoppages that began in 2022 was higher than in 2021. Other data suggests that work stoppages of all sizes soared in 2022. All told, even BLS's official accounting of major stoppages shows an increased appetite for walking out. However, it still pales in comparison to previous highs; in 1952, the year with the highest recorded number of major stoppages, there were 470 walkouts.
The union membership rate fell in 2022, according to the Bureau of Labor Statistics. Union membership has been mostly declining for decades, even though union workers tend to make more money. At the same time, the union membership rate, which tracks the percentage of workers in a union, fell to 10.1% — the lowest rate on record, per BLS. The union membership rate of 10.1% in 2022 was just half the 20.1% in 1983, the first year BLS compiled comparable data. Even so, the union membership rate for retail workers is just 4.3%, down from 4.4% in 2021.
The authors found that being in a union means a $1.3 million bump to lifetime earnings. "We find that a person who spent the entirety of their career in a labor union were predicted to earn about a million dollars more over the course of their career compared to somebody who was never in a labor union," VanHeuvelen told Insider. The result was the $1.3 million premium for workers who spent their whole careers in unions, even though those workers were more likely to retire earlier. Workers who are never in a union were projected to earn around $2.1 million their whole careers, while those who were in unions for their whole careers were estimated to make $3.4 million. The number of union representation petitions filed in fiscal year 2022 increased by 53%, according to the National Labor Relations Board.
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