The Importance and Misuse of the Labor Force Participation Rate
The Importance and Misuse of the Labor Force Participation Rate: Bibliography
What Lower Labor Force Participation Rates Tell Us about Work Opportunities and Incentives Joint Economic Committee. 2015 7 15. What’s Happening with Today’s Labor Force? California Workforce Development Board. 2022. What’s behind the US labour shortage? | The Bottom Line Al Jazeera
Foreign Workers Are Losing Their Tech Jobs. Will They Have To Leave the Country Too?
“There is “a lot of brain drain among H-1B workers who are considering alternative options, Canada being the most notable, but also the U.K., a lot of European countries also have a lot easier routes,” Sam continues. Though salaries might not be as high as in the U.S., “a lot of us are OK to take a financial hit just for peace of mind.”
Recent tech layoffs may affect only a small share of America’s immigrant workforce, but they’re a sign that much reform is needed to ensure that high-skilled workers continue to come to the United States. Reforms could also address discriminatory limits on certain immigrants. Immigration analysts like David J. Bier of the Cato Institute note that employment-based green card caps “serve no purpose because nearly all wait-listed, employer-sponsored immigrants are already in the United States working in temporary statuses.” The EAGLE Act, bipartisan legislation introduced in the House and Senate, would eliminate the per-country cap on employment-based green cards that has exacerbated wait times for many immigrants.”
Why Is This Generation Struggling So Much? – Scott Galloway | Modern Wisdom Podcast 543
If There Is a ‘Male Malaise’ With Work, Could One Answer Be at Sea?
Why the return to the office isn’t working
Hating work is having a moment
“Many had expected people to return to the workforce en masse after federal unemployment benefits expired in September. While that’s happened to some degree — the economy added more than half a million jobs last month — there are still many more Americans holding out, thanks to a variety of reasons, from savings to lack of child care to the ongoing risks of the pandemic.
Importantly, the pandemic — as well as government social safety nets like extended unemployment benefits — gave people the time, distance, and perspective to reevaluate the place of work in their lives.”
“There are still more than 4 million fewer people in the workforce than there would be if labor force participation were at pre-pandemic levels. There are 10.4 million open jobs and just 7.4 million unemployed, according to the latest data. Of course, many of these open jobs are bad: They have bad pay, dangerous working conditions, or just aren’t remote (remote positions on LinkedIn get 2.5 times more applications than non-remote, according to the company).
The result is a situation where many employers — especially those in industries with notoriously bad pay and conditions — are having difficulty finding and retaining workers. To counter it, they’re raising wages, offering better benefits, and even altering the nature of their work. Depending on their strength and duration, these various actions could have long-lasting impacts on the future of work for all Americans.”
“In September, a high of 4.4 million people quit their jobs, according to the latest data from the Bureau of Labor Statistics, which has been tracking this data since 2000. That’s 3 percent of all employment and follows a summer of record quit numbers. Quitting has been especially prevalent in lower-paying, lower-status jobs like those in leisure, hospitality, and retail.”
“In 2021, approval of labor unions grew to 68 percent of Americans, its highest rate in more than 50 years. This is happening as many American workers are attempting to unionize their workplaces. Recent unionization efforts include Starbucks, Amazon, and meal-kit delivery service HelloFresh. Last month was dubbed “Striketober,” as more than 100,000 workers across industries, including workers at John Deere and in film and TV crews, participated in various labor actions. This is one of the many worker trends bulwarked by social media, which is rampant with support for unions.”