Unions haven’t been this popular since the 1960s, according to a new Gallup poll.
The big picture: The low unemployment rate has helped shift the balance of power between workers and employers, laying the groundwork for the recent union formations at corporate giants like Starbucks and Amazon.
The surge in hiring we've seen over the past year may slow a bit in the coming quarter, one survey indicates.
Why it matters: A slowdown in the overheated labor market could help the Federal Reserve engineer that soft landing we keep hearing about.
What's happening: In a survey released by Deloitte this morning, CFOs predict a 2.6% increase in hiring over the next year — a big slowdown from what they were saying three months ago when hiring growth was at 5.3%.
"A bit of a pivot shift," said Steve Gallucci, a managing partner at Deloitte, said of the survey of 112 CFOs.
But that's still a higher number than the same time frame in 2019.
Big picture: Deloitte's been surveying CFOs for 13 years, believing that these C-suite execs have a good sense of what's going on in their company, and the economy.
In the Q3 survey, CFOs were more concerned about inflation than the possibility of a recession.
Roughly 3 in 4 consumers say it's important for a business leader to discuss or take action against foreign cybersecurity threats, according to recent survey data from Morning Consult.
Why it matters: Many businesses have feared that discussing cybersecurity problems with the public would harm their brand's reputation. This new data suggests the tide could be turning.
By the numbers: 76% of survey respondents said in a series of three monthly surveys this year that it’s either “very” or “somewhat” important for business leaders to discuss or take action against foreign cyberthreats.
A similar share (75%) said the same about labor rights, while 67% said it was important for leaders to speak out or take action on civil liberties issues.
The survey was conducted among 2,200 adults in May, June and July, with a margin of error of 2 percentage points.
Between the lines: The results track with the increasing number of executives who have started to publicly discuss cyber incidents affecting their companies.
SolarWinds CEO Sudhakar Ramakrishna has said he is constantly advising leaders on how to speak to the public about their own incidents. Russian hackers infiltrated SolarWinds in 2020 to access the networks of nine federal agencies and about 100 private companies.
Earlier this year, identity management company Okta received scrutiny for not disclosing a security incident after a well-known cybercrime gang revealed details about it in underground hacking forums.
The gap between cybersecurity professionals' salaries in private industry and the public sector shows little sign of closing any time soon, per data from Lightcast.io, a labor market research firm.
Why it matters: The pay disparity makes the Biden administration's giant hiring challenges — filling thousands of security and other tech-related positions in government — that much harder.
Employers had a historically high number of job openings in July, according to new government data, the latest sign of the ongoing voracious demand for workers.
Why it matters: The job market is extremely tight, despite the Federal Reserve's efforts to loosen it up. Labor-hungry employers continue to compete for a limited supply of workers.
Lawmakers, in a bid to enhance consumer protection, are asking government agencies as well as major crypto exchanges for more information about what they're doing about cryptocurrency-related fraud.
Why it matters: The House Oversight Subcommittee on Economic and Consumer Policy has used its heft in Washington to press companies for information on everything from metals toxicity in infant formula to advertising practices for e-cigarettes. The latest ask — all documents pertaining to crypto fraud dated January 1, 2009 (or the earliest date per the firms' respective founding dates), are due by Sept. 12.
Minnesota's Rep. Tom Emmer wrote to Treasury Secretary Janet Yellen on August 23 to express his concerns about the sanctioning of privacy protocol Tornado Cash, an open source piece of self-executing software that no one controls.
Driving the news: Axios reached out to Rep. Emmer, who serves on the House Committee on Financial Services and as Chairman of the National Republican Congressional Committee, to discuss his enduring interest in cryptocurrency.
Garry Tan was a Y Combinator founder in the summer of 2008, back when the famed startup incubator was known for its exclusivity. But Tan has no plans to return YC to its limited roots, when he takes over as president and CEO early next year.
What Tan's saying: "There are some people who say only 10 or so companies matter per year and some say it's 100 or hundreds of companies per year that matter. I'm a believer in the hundreds."
Time has bought Brandcast, a company that licenses software for easy-to-build marketing websites, Time's editor-in-chief and CEO Edward Felsenthal told Axios.
Why it matters: The deal marks Time's first acquisition since Marc and Lynne Benioff bought the publication in 2018.
PointsBet, an online sportsbook operator based in Australia, is launching a sports betting newsletter via a partnership with sports media company Front Office Sports as it looks to expand its U.S. presence.
Why it matters: Sportsbooks are looking for cheaper and more sustainable alternatives to accrue customers and engage them rather than spending millions of dollars on paid digital marketing.
Driving the news:Walmart unwrapped its annual top toy list Tuesday, nearly a month earlier than last year, with the addition of a new budget-friendly category — toys under $25.
Google hasn't yet approved Truth Social's Android app for distribution via its Play Store because of insufficient content moderation, a Google spokesperson tells Axios.
Driving the news: Truth Social CEO Devin Nunes last week claimed the decision about when the app would be available on Android "is up to Google," but Google insists that the ball is in Truth Social's court.
Why it matters: Musk's legal team is trying to leverage the allegations made by former Twitter security chief Peiter Zatko last week to defend Musk's attempt to walk away from his $44 billion takeover bid.
Corning said Tuesday it will build a new manufacturing facility outside Phoenix in response to a spike in demand for fiber-optic cable as the U.S. government ramps up a $42.5 billion internet funding program.
Why it matters: Building high-speed internet service to connect all Americans won't happen without the right equipment — and, thanks to the infrastructure funding law's "Buy America" provisions, it will need to be largely U.S.-made.
More job searchers are looking for work that pays $20 an hour, surpassing searches for $15 an hour, according to data released Monday by job search platform Indeed.
Why it matters: It's a sign of how inflation and a labor shortage pushed up wages faster than anyone could have imagineda decade ago, when Fight for $15, a union-led push to organize fast-food workers, was founded.
