WORKERS

Robert Reich -  GM just announced a round of layoffs, impacting 1,000 workers. But the company reported Q3 earnings that put it on track for record profits this year. Its CEO received $27M in compensation in 2023. And GM announced $6B in stock buybacks this June.

Axios -- Employers are sitting tight with hiring, says Daniel Zhao, lead economist at job site Glassdoor. That means "fewer opportunities for workers to climb the career ladder," he says. They're still plugging away at the same role they've had for years, without the opportunity to move up internally or at a new company.  65% of the professionals surveyed by Glassdoor last month said they feel stuck in their current roles.