The consulting firm PwC has published a new report, “The Future of Work: A Journey to 2022.” The report offers three scenarios, or “worlds,” for life in the future workplace: the transformation of large corporations into mini-states, the development of collaborative networks due to increased specialization, and the influence of the environmental and social agenda on corporate practice. Most workplaces will include a mix from these three scenarios. The report predicts that companies will monitor employees’ health and personal lives, utilize data tools to quantify employees’ performance (especially relative to each other), expand compulsory corporate culture programs, and replace full-time employees with contract workers. Summary and analysis are available here and here.
At a recent economic policy conference, central bankers expressed a commitment to reducing unemployment and spurring job growth. This commitment marks a shift from central banks’ previous focus on reducing inflation, according to the New York Times.
Japanese corporations are increasing efforts to hire international students, the New York Times reports. 48% of midsize to large companies reported plans to hire foreign college graduates. Unlike many Western businesses, Japanese corporations do not hire to fill a specific position but recruit a number of graduates annually and invest extensive training in their new employees.
Paul Krugman argues that affordable housing, rather than lack of business regulation, is behind migration from the Northeast to Texas and other Sunbelt states.
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June 10
SoFi Stadium workers narrowly avoid World Cup strike; Amazon's NLRB challenge to remain in Fifth Circuit; House passes strict timeline bill for first union contracts.
June 9
SoFi Stadium workers authorize a strike ahead of the World Cup; the NLRB finds Starbucks violated labor law; Trump’s $100,000 H-1B visa fee is struck down.
June 8
BLS releases May jobs reports; US Trade Representative proposes new tariffs.
June 7
SAG-AFTRA members ratify a four-year CBA and the International Trade Union Confederation releases its 2026 Global Rights Index.
June 4
Third Circuit tosses DOL’s $35.8 million healthcare wage award; Trump’s Republican NLRB nominee gets Senate hearing; Harvard graduate students end strike.
June 3
JOLTS data shows mixed labor market as personal income declines; New York Fed research links remote work to rising youth unemployment; Virginia Governor Spanberger signs sweeping employment reform package.