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.
Daily News & Commentary
Start your day with our roundup of the latest labor developments. See all
November 10
The White House nominates new EEOC and FTC commissioners; casino workers at Encore Boston Harbor ratify a new contract ending a two-month strike.
November 9
Democratic gains in Congress likely spell the end of the Protect College Sports Act; IBEW endorses the Bipartisan American Affordability and Jobs Act.
November 8
Democratic midterm victories at the federal and state level create legislative opportunities for workers and unions.
November 6
Transport Workers Union denounces Amtrak’s new policy permitting passengers to carry guns onboard; Texas Democrat wins offer hope for labor in the state.
November 5
ALJ finds cannabis workers fired for union activity; NY warehouse workers’ overtime claims advance; MLB and MLBPA continue clash over proposed salary cap.
November 4
Ninth Circuit revives cannabis retailer’s labor-law challenge and blocks California captive-audience law; NLRB names new solicitor.