December 30, 2022

Standoff Between Workers and Their Bosses Is Set To Heat Up in 2023

 Time -   It’s been more than a year and a half since waves of labor unrest started sweeping through the country. Thousands of workers have walked off the job for better conditions, and long shot campaigns have snowballed, leading to a surge of union elections. Now, the strong labor market that emboldened workers is softening. The unemployment rate ticked up to 3.7% in November—it had gone as low as 3.5%—–and high-profile tech and media companies have recently cut their payrolls through steep layoffs. But that doesn’t mean workers are losing the upper hand, says Thomas Kochan, a professor of employment research at the MIT Sloan School for Management. If anything, the current economic conditions mean labor strife may accelerate next year.

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