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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August 24
Boeing engineers and technicians reject contract proposals and authorize a strike; Ninth Circuit holds that unions charged under 8(b)(4)(D) cannot invoke the work-preservation defense to disregard 10(k) determination.
August 23
Hyundai Motors workers launch full-day strike; federal judge rules in favor of Vermont dairy plant in closure dispute
August 21
Tyson workers respond to abrupt plant shutdown; DOL ends its power to police federal contractor bias.
August 20
Unions sue the government over new visa rule; Judge declines to dismiss former Amazon worker's suit.
August 19
NLRB swears in third Trump-appointed Member; Teamster file complaint against Amazon in New York; unions and college students sue Trump admin for international student immigration restrictions
August 18
New Trump administration rules will remove the Merit Systems Protection Board's independence; a CFPB union leader suspended alleges retaliation; the National Treasury Employees Union requires its members to pay dues as it battles to stay financially afloat.