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Illustration: Aïda Amer/Axios

More than half of tech workers in the Bay Area are concerned about being laid off or furloughed in the next six months, or their salaries hitting a plateau or dropping, according to a new report from Hired.

Why it matters: The tech industry has generally fared better than other sectors in the pandemic downturn, offering more chances to work from home and fewer layoffs. However, there are concerns that companies won't be willing to pay Bay Area salaries if remote workers decide to relocate to less expensive areas.

The state of play: Older workers and parents were most likely to be interested in working from home.

  • A majority of those surveyed said they would not be willing to take a lower salary, even if it meant they could work remotely permanently. That held true for men and women, as well as for both parents and non-parents.
  • However, if allowed to work from home permanently, many said they would consider moving to a less expensive location, including 42% of those in the Bay Area and 40% of those in New York, compared to just a third of those in the U.K.

Go deeper

Child care crisis is denting the labor market

Reproduced from Pew Research Center; Chart: Axios Visuals

New data from the Pew Research Center shows that parents are being hit especially hard by the coronavirus pandemic, and as far as job losses go, mothers and fathers are faring equally poorly.

Why it matters: Economists have been warning for months that the pandemic could do long-term damage to the economy as people remain unemployed for longer stretches of time.

Anti-abortion activists' Supreme Court dreams are coming true

Photo illustration: Annelise Capossela. Photos: Kevin Dietsch/Getty Images

This is the moment the conservative legal movement has been building toward for decades: The solidly conservative Supreme Court is about to hear two major abortion cases within a month of each other.

Why it matters: All of this is likely to end with significant new restrictions on abortion and a clear path for Republican-led states to win the next big abortion cases, too — the culmination of a long and bitter fight for control of the judiciary.

Felix Salmon, author of Capital
3 hours ago - Economy & Business

Trump's volatile return to the stock market

Expand chart
Data: YCharts; Chart: Axios Visuals 

Donald Trump this week became both a meme stock and a social-media entrepreneur at the same time, by announcing that a new company called Trump Media & Technology Group was going to merge with an existing company listed on the stock market.

Why it matters: The medium-term promise of Trump's media company is that it will replace Twitter for anybody wanting to keep track of Trump's messages. The short-term promise is that it can be a hot new speculative vehicle for people wanting to get rich quick in the stock market.