What’s new in the US labor market – November 2017 edition
November 13 | Gad Levanon, Ph.D., Chief Economist, North America, The Conference Board | Comments (3)
Update on the current situation of the US labor market.
How to Make Employment Fair in an Age of Contracting and Temp Work
October 05 | David Weil | Comments (0)
Every day, many of us eat at restaurants, stay at hotels, receive packages, and use our digital devices with the assumption that the company we pay for these services — Hilton, Amazon, Apple, etc. — also employs the people who deliver them. This assumption is increasingly incorrect: Our deliveries are often made by contractors and our hotel rooms are cleaned by temporary employees from staffing agencies.
Inequality Isn’t Just Due to Market Forces — It’s Caused by Decisions the Boss Makes, Too
September 22 | Adam Cobb | Comments (0)
In 1980, Jim Baron, now a professor at the Yale School of Management, and William Bielby, now a professor at the University of Illinois, published a seminal article on firms and inequality. In it, the authors, both sociologists, made a compelling argument that, to understand labor market outcomes like inequality, it wasn’t enough to look at the supply and demand for individuals’ skills. We should also look, they argued, at the decisions made by firms.
The Countries Most (and Least) Likely to be Affected by Automation
September 22 | Michael Chui, Principal and Senior Fellow, McKinsey Global Institute | James Manyika, Director, McKinsey Global Institute | Mehdi Miremadi | Comments (0)
Around the world, automation is transforming work, business, and the economy. China is already the largest market for robots in the world, based on volume. All economies, from Brazil and Germany to India and Saudi Arabia, stand to gain from the hefty productivity boosts that robotics and artificial intelligence will bring. The pace and extent of adoption will vary from country to country, depending on factors including wage levels. But no geography and no sector will remain untouched.
Lots of Employees Get Misclassified as Contractors. Here’s Why It Matters
September 22 | David Weil | Comments (0)
The debate over the misclassification of employees — treating them as independent contractors instead of employees — pervades the modern fissured workplace.
The Real Reason the German Labor Market Is Booming
September 15 | Alexandra Spitz-Oener | Comments (0)
So how did Germany, with the fourth-largest GDP in the world (after the United States, China, and Japan), transform itself from sick man to economic superstar?
How Leading Companies Build the Workforces They Need to Stay Ahead
September 10 | Michael Mankins, Partner, Bain & Company | Comments (0)
The strategic underpinnings of most companies’ workforce plans should change dramatically as a result of technological innovation. Digital transformation, the industrial internet, advanced analytics, artificial intelligence, robotics, machine learning, and a plethora of other innovations are fundamentally changing the nature of work.
Job satisfaction keeps getting better
September 06 | Gad Levanon, Ph.D., Chief Economist, North America, The Conference Board | Comments (0)
Last week, we released the results of the latest annual survey of job satisfaction. The Conference Board job satisfaction survey was first released in 1987, which allows for comparisons over a long period of time. Job satisfaction improved for the sixth year in a row, and for the first time since 2005, job satisfaction has surpassed the 50 percent mark, i.e. more than half of all workers are satisfied with their jobs.