
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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March 24
Duke opposing unionizing grad student workers; NLRB prosecutors find merit to ULPs against Amazon; Starbucks investors weighing outside audit of company's labor practices.
March 23
Trader Joe's workers in Oakland file a petition to form a union; a Kenyan court temporarily blocks Meta contractor’s mass layoff of content moderators; and Starbucks workers at more than 100 stores walkout ahead of shareholders’ meeting.
March 22
NLRB's General Counsel issues two memos clarifying priorities and a recent Board decision, LA teachers go on strike, and Bloomberg Law reports higher pay raises from labor contracts
March 20
Residents and fellows at Mass General Brigham hospitals prepare to unionize; divisions in the New York Times NewsGuild union deepens as contract negotiations remain ongoing; the six-month Pittsburgh Post-Gazette strike turned violent on Saturday; Los Angeles schools prepare to close this week as workers plan to strike
March 19
Ninth Circuit reinstates Uber's Equal Protection challenge to California's AB5; reduction in SNAP benefits could lead to "hunger cliff" for low-wage workers; Amazon workers start unionizing campaign at Kentucky facility; ex-Google employees ask company to honor parental leave.
March 17
Texas committee considers sweeping legislation limiting municipal power; University of Chicago graduate students unionize; Tennessee Nissan technicians reject a unionizing effort; and protestors in France take to the streets after President Macron activates nuclear option to raise retirement age.