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Job Listings
Abound, but Many Are Fake
In an uncertain economy, companies post ads for jobs they might not really be trying to fill
PERSONAL REMARKS: Very interesting article, and one that people should read as it translates into lower expectations for the turns on any given night. -
Remote work costs NYC over $12B annually: report, Fox Business
New York City has reportedly seen the largest reduction in spending nationwide. The shift to remote work is costing New York City more than $12 billion each year.
PERSONAL REMARKS: This is a Business Report that just got released, showing and referring to the overall NYC lost revenue from remote workers, and I would add to that the loss of consumers coming in for a night out.
As you will see, for every remote worker or 48% of any given company workforce are spending almost ($5,000) less than before the pandemic hit in 2020.
In total the city is seeing an estimate ($12.4 mmm) in lost tax revenue, this translates into all business are seeing and experience a (loss) revenue across all spectrums.
With this information in hand, we should be able to adjust our projections for terms of Sales and overall reduction in expenses until we see things picking up. But with only 52% Daily Office Occupancy it will be tight for awhile. -
Mass Layoffs or Hiring Boom? What’s Actually Happening
in the Jobs Market
Restaurants, hotels and hospitals are finally staffing up, more than making up for losses in tech and other sectors. “Knock on wood, things are running like they were before the pandemic,” said one restaurant executive. -
Proposed New York state minimum wage legislation
would boost wages for nearly 2.9 million workers
Minimum wages would range by region from $20 to $21.25 per hour by 2026. -
It’s Dry January. Would You Pay $17 for a Mocktail?
Bars are trying to outdo one another with ever-fancier booze-free drinks. ‘Look Ma, No Booze.’. -
Robust Job and Wage Growth Showed Signs of Cooling in Late 2022
Federal Reserve projects unemployment rate to rise during year ahead. The labor market proved to be a resilient stabilizer in 2022 for a U.S. economy facing the highest inflation in four decades. -
New York Hotel Owners Cheer Recent Revival, But Are Wary of Possible Slump
Leisure and business travel is picking up, though occupancy is still short of prepandemic levels. New York City hotel owners are toasting a year that showed signs of a sustained recovery from the pandemic, but the prospect of a possible economic downturn is dampening further celebrations. -
Large Pay Gains Outpace State Minimum-Wage Boosts for Many Workers
A lot of restaurant and retail workers earn more than rising state pay floors. -
Wage Inequality May Be Starting to Reverse
Remote work, deglobalization, stalled technology have started eroding some advantages of higher-skilled workers. The question is whether it will last. -
Restaurant Staffers Are Returning to Work After Covid Flight
Employment nears prepandemic levels as pay and working conditions improve. -
Economy Has Drinkers Choosing Prosecco Over Champagne
Sales of higher-priced liquor and wine are slowing after years of growth. Shoppers are reaching less for the top shelf. -
Labor Board Proposes New Joint Employer Rule,
Easing Trump-Era Limits (WSJ.com)
Labor-management relations watchdog proposes a rule that will allow workers to claim they are employed by two employers simultaneously, opening the way for employee claims against businesses that use franchises, independent contractors, and suppliers.
It would repeal a 2020 rule issued under the Trump administration stating that employees could only claim employment with companies with “substantial, direct, and immediate control.”
PERSONAL REMARKS: Who is accountable for providing the solution to workers regarding compensation if one thing was to happen? This may force compensation insurance on workers, not on the payroll. -
California Fast Food Wages Would Be Set by Government
Under Bill Passed by State Legislature (WSJ.com)
Representatives for chains together with McDonald’s persuaded lawmakers to get rid of provisions holding them accountable for labor violations by franchisees.
PERSONAL REMARKS: This was signed into law on Labor Day. 20% increase in fast food restaurants. -
Affordable Care Act Health-Plan Premiums Set to
Rise (WSJ.com)
Most shoppers will not see an abundance of rising attributable to increased federal subsidies, however, several little employers are hit.
Premiums for several reasonable Care Act health-insurance plans are set to rise sharply next year, a signal of however rising labor prices and alternative expenses are commencing to ripple through the tending economy.
PERSONAL REMARKS: The impact will have a higher cost passed on to the small employer and limit employment. -
Google, Meta and Others May Soon Need to Disclose Pay
on California Job Listings (WSJ.com)
California could presently need nearly all employers hiring within the state to start listing pay on job positions, a move that might influence several of America’s biggest corporations.
PERSONAL REMARKS: This is detrimental to anyone seeking to advance above their co-worker. There is no recognition for the employee trying to achieve. -
Walmart, Target Urge Lawmakers to Pass Bill Taking
Aim at Visa, Mastercard Fees (WSJ.com)
Over 1,600 merchants together with Walmart Inc. and Target Corporation are urging U.S. lawmakers to pass legislation that will interrupt the hold that credit cards have over the credit-card market.
This legislation, which was introduced by Senators Durbin and Marshall in July 2022, would supply merchants the potential to route many credit-card payments over networks excluding Visa and Mastercard.
The merchants including an assortment of small businesses like gas stations, restaurants, and grocers would then pass the fees along to consumers in a form of higher prices.
PERSONAL REMARKS: Refer to the below websites for further information on merchants consistently violating surcharging and links to rules: Visa | Mastercard - Restaurants in deep-blue cities starved for diners while Florida is feasting (Fox News)
- Everybody Into the Hotel Pool! That’ll Be $200 (WSJ)
- Big Cities Can't Get Workers Back to the Office (WSJ)
- New Lawsuit Argues Tipped Minimum Wage Violates Workers' Civil Rights
- Napa Valley Has a Problem: It's Running Out of Prime Room for Grapes
- New York Poised to Bring Back Takeout Cocktails, With a Twist
- How Supply Chain Disruptions Are Affecting Philly's Food Industry
- Restaurants Nationwide Temporarily Close as Staff Test Positive, Case Counts Rise