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.
Online report of the Progressive Review. Since 1964, the news while there's still time to do something about it.
December 30, 2022
Standoff Between Workers and Their Bosses Is Set To Heat Up in 2023
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