Trends
What’s Behind The Drop in Job Tenures?
Tenure continues to decline since its high in 2012. Research shows that female workers, and younger workers overall, were more likely to be short-tenured employees.
Trends
Dispelling the myth of Silicon Valley’s decline
Despite indications of Silicon Valley’s fall from grace as startup mecca, the reality is that the Bay Area has increased its share of tech startups in recent years.
Trends
Indeed Hiring Lab’s shocking finding about AI disruption of job skills
Researchers assessed the feasibility of a current Large Language Model performing tasks based on specific skills. They examined over 2,800 skills in Indeed’s taxonomy. And guess how many of those skills were rated as “very likely” to be automated by GenAI? Zero.
Trends
Worker sentiment remains low as the economy turns upward
Insights on worker sentiment, from the Glassdoor Employee Confidence Index (Daniel Zhao) – Sluggish hiring is likely dampening worker sentiment as laid-off workers and new hires find it difficult to get their foot in the door and even employed workers feel stuck in their jobs.
Trends
Labor productivity surges while Amazon ends WFH
US labor productivity has soared in the last five years, far more than other countries. The U.S.’s comparative advantage in technology likely played a key role. Other factors include a more flexible labor market, stronger investment in innovation, and a robust government stimulus that helped fuel a faster post-pandemic recovery.
Trends
Why the rise in unemployment is overblown
In July’s disappointing report, almost the entire month-to-month increase in unemployment came from “unemployment due to temporary layoff,” i.e. people who expect to be recalled to work. A sign of impending recession? Probably not.
Trends
Hiring rate reaches a 10-year low
Month-to-month increase in unemployment came from a surge in one category (BLS, NBER) – In July’s disappointing report, almost the entire month-to-month increase in unemployment came from “unemployment due to temporary layoff,” i.e. people who expect to be recalled to work. A sign of impending recession? Probably not.
Trends
Funding for startups, from robotics to refugees
Low-Wage Workers as Percent of the Workforce, by State (Visual Capitalist) – For the past 15 years, the federal minimum wage has remained unchanged, with its real value now at its lowest point in 67 years.
Trends
Mary Meeker’s Prompt to Higher Ed
Mary Meeker, famous for her annual Internet Trends reports, has published a new report calling for the tech industry, government, and higher education to work together to advance AI during an inflection point “of epic proportions.”
Trends
The AI-enhanced campus of the future & more
Join leading from UTSA, NJIT and UC Santa Barbara for a live brainstorming and think tank-style session, to discuss the AI-enhanced campus of the future.