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Nicholas Anway is a student at Harvard Law School.
In today’s news and commentary: We’re in the midst of a “structural” labor shortage, giving workers bargaining power.
“It feels like we have a structural labor shortage out there,” said Federal Reserve Chair Jerome Powell late last week. And according to Business Insider, the tight labor market is a source of worker power. There are just under 4 million more jobs than workers in the labor force, the Fed reported; the aggregate labor force participation rate remains stuck below pre-pandemic levels. Powell pointed to three factors as driving the worker shortage. First, “accelerated retirements”: Goldman Sachs estimated that of the 2.5 million people who retired during the pandemic, 1.5 million retired early. Second, Powell emphasized the pandemic’s tragic effects on workers, explaining that “[c]lose to half a million who would have been working died from COVID.” Third, the market is “missing” over one million immigrant workers, according to Giovanni Peri, the director of the Global Migration Center at the University of California at Davis. “If you ask businesses, you know, pretty much everybody you talk to says there aren’t enough people,” Powell said. The labor market demand, reports Insider, means that “employers are still offering more in attempts to get workers.”
Daily News & Commentary
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February 21
In today’s News & Commentary, Trump spending cuts continue to threaten federal workers, and Google AI workers allege violations of labor rights. Trump’s massive federal spending cuts have put millions of workers, both inside and outside the federal government, in jeopardy. Yesterday, thousands of workers at the U.S. Department of Veterans Affairs research office were […]
February 20
President Trump's labor secretary pick retreats from some of her pro-labor stances during Senate confirmation hearing and Lynn Rhinehart discusses implications of NLRB and other agency removals.
February 19
In today’s news and commentary, Lori Chavez-Deremer’s confirmation hearing, striking King Soopers workers return to the bargaining table, and UAW members at Rolls-Royce authorize a strike. Lori Chavez-Deremer, President Trump’s nominee for Secretary of Labor, faces a Senate confirmation hearing today. Chavez-Deremer may face more No votes from Republicans than other Trump cabinet members. Rand […]
February 18
In today’s news and commentary, an air traffic union examines the impact of federal aviation worker firings, Southwest Airlines lays off 15% of its corporate workforce, and the NLRB’s General Counsel withdraws Biden-era memos Following the Trump Administration’s dismissal of hundreds of Federal Aviation Administration (FAA) employees, the National Air Traffic Controllers Association (NATCA), a […]
February 17
President Trump breaks campaign promise to support workers and Utah’s governor signs a law banning public sector collective bargaining
February 16
Unions fight unlawful federal workforce purges; Amazon union push suffers setback in North Carolina.