Uber’s deal with U.S. drivers looks cheap

May 10, 2016

Treated as employees rather than contractors, the ride-hailing service might have had to pay them as much as $730 mln more, according to court papers. That makes a $100 mln two-state settlement look like peanuts – another reason why the judge on the case might reject it.

Uber driver deal just a detour from legal showdown

April 22, 2016

A $100 mln settlement resolves claims in two U.S. states that the $60 bln ride-hailing service should treat workers as employees, not cheaper contractors. Like paying driver fines for illegal pickups, though, the pact only buys time for Uber. Eventually, there’ll be a collision.

Amazon swaps more than size with Wal-Mart

By Rob Cox
August 17, 2015

The $250 bln online retailer recently surpassed its bricks-and-mortar rival in terms of market value. The goliath led by Jeff Bezos also finds itself in another spot Wal-Mart will more happily cede: defending workplace practices. Like its rival, Amazon too will find wisdom.

Review: The shirk ethic – a user’s guide

November 28, 2014

Work can be seen as a blessing or a curse. In “Empty Labor,” Roland Paulsen examines people who take mostly the latter view, asking how and why they shirk, and whether it’s always a bad thing. His study of idleness on the job is enlightening, amusing and sad.

America: land of phantom job openings

November 7, 2014

At 4.8 mln, it’s the most positions free since January 2001. Yet the hiring rate keeps falling. The largest gap is in low-wage roles. Comparatively high unemployment for less-educated workers suggests a skills deficit isn’t the problem. Companies just aren’t adding personnel.

Wal-Mart can win leading the way on minimum wage

May 22, 2014

The mega-retailer’s labor costs would rise by $2 bln with a higher U.S. pay floor. But it also has more low-wage customers than employees, thus translating into a net gain in earnings, a Breakingviews analysis shows. Taking a stand on the issue could pay off for Wal-Mart.

Improving U.S. jobs trend favors old over young

March 9, 2012

A solid 227,000 jobs were added in February, with upward revisions for past months. In the last five years, people aged 55 and over have gained 3.6 mln jobs, while younger workers have lost 7.6 mln. The incentives of shrunken savings and funny money are doubly harming the young.

There’s something rotten with U.S. labor picture

November 2, 2012

Friday’s employment report was relatively OK, and good for Obama, with 171,000 job gains. But 32 months from the bottom and only half of lost jobs have been recovered. What’s clear is that each recession is becoming harder than the last, hinting at larger structural problems.

Scrambling on job creation

November 12, 2009

The new emphasis on jobs might be too late. Indeed, new is the appropriate word since the first package was not geared toward creating jobs so much as increasing economic output, as Lawrence Summers recently clarified.

Bracing for a winter of jobs discontent

November 6, 2009

Those looking for good news in the U.S. labor market are increasingly being forced to scrape the bottom of the statistical barrel.