Items tagged with employment:
News & Updates:
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This article explains some of the challenges facing manufacturing companies and attempts to show how an increase in apprenticeships may be a viable solution.
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As employers have increasingly transitioned away from defined benefit pension plans to 401(k) contribution plans, responsibility for savings rates, investment risk, and annuity have consequently shifted to the employee. Wage stagnation limits an employee’s ability to save for retirement, and persistently low interest rate returns on stocks and bonds limit the investment gains on the money that can be saved. As a result, nearly half of all American families have no money saved for retirement, and, those who do have plans, face disparities based on factors such as income, race, and ethnicity.[1] The transition away from traditional pensions to defined benefit plans, coupled with wage stagnation and persistently low interest, have created new retirement savings challenges which, if not addressed, will have profound implications for long term American financial security. -
The United States is on the cusp of a technological revolution. Innovation within our borders is accelerating at a break-neck pace, and companies are about to roll out a myriad of new tech over the next decade.[1] Research and development in artificial intelligence, autonomous vehicles, drones, and fully-automated assembly lines have the potential to boost the productivity of the United States, improve the quality of living for countless Americans, and fundamentally change the way the global economy functions. However, this economic change will also fundamentally restructure our labor markets. -
Reading the temperature on a mercury thermometer. Understanding product reviews. Navigating online job search sites. These all seem simple enough, but many U.S. adults struggle to complete daily tasks such as these. Results from the Program for the International Assessment of Adult Competencies (PIAAC), a multi-country survey of adults conducted by the Organization for Economic Cooperation and Development (OECD), showed that large shares of the U.S. population lacked proficiency in a range of core competencies including literacy, numeracy, and problem-solving.[1] -
In light of threats by Whole Food employees to unionize against Amazon, Peter Cappelli points out that “employers are very effective at keeping them out. One way they do that is that they don’t have a lot of full-time employees. It’s difficult to get part-time employees to organize. They have a high turnover, so people don’t stay long enough to invest in starting a union.”
