Update 709 — Summer of Labor Discontent:What’s at Stake for Workers in the Strikes? The U.S. labor market finds itself catching up at last — for the first time since early in the pandemic, workers’ wage gains are now exceeding the rate of inflation. Unemployment is close to a 50-year low. Bargaining power is now …
Update 709 — Summer of Labor Discontent: What’s at Stake for Workers in the Strikes? Read More »
We pause coverage of macroeconomic issues and the midterms for a moment to look at a growing problem for workers: the lack of protections for those in the gig economy and the misclassification of workers. Last week, the Biden Administration released its proposal for a new rule that would provide guidance on the classification of …
Update 635 — Democrats Dodge a Bullet:Biden’s Been Working OT on the Railroad Yesterday, President Biden announced a tentative agreement between major freight rail carriers and unions representing the nation’s freight workers. The announcement came just one day before a strike shutting down the freight rail system. Disruptions to shipments caused by a strike could …
