America's labor shortage crisis has been exacerbated by immigration restrictions that have reduced the number of both skilled and unskilled workers.
Between the lines: Most of the labor scarcity blame has been aimed at expanded unemployment benefits, hard-to-find child care and low wages. But there is a fourth leg to the stool.
With more firms adopting remote or hybrid work practices, company-wide retreats are going from boondoggles to a necessity.
Why it matters: The pandemic showed that most white-collar employees can get their work done outside of an office, but a company's culture will wither without occasional face-to-face time.
Meet Chicago-based Frank, a startup with $2 million in VC funding that’s been in beta for the past year, and provides a communication space for employees (no managers allowed) to chat.
Why it matters: It's capitalism building tools to push back on ... capitalism.
Monday was the first day back in the office for Goldman Sachs employees in New York.
Why it matters: The move brings an influx of office workers into lower Manhattan, the second-largest central business district in the country. It also marks a clear inflection point for the finance industry.
U.S. Chamber of Commerce president and CEO Suzanne Clark told me for "Axios on HBO" that she finds the Biden administration "easy to talk to. They're easy to reach. They're professional."
The big picture: The chamber, the world’s largest business lobby, is having success under President Biden on promoting infrastructure spending, but opposes his planned tax increases.
U.S. Chamber of Commerce president and CEO Suzanne Clark told me on "Axios on HBO" that the business group was right to endorse vulnerable House Democrats last year, despite the flak that resulted from Republicans.
The endgame of the pandemic is giving both employers and workers a chance to create a more humane relationship — both in the office and out of it.
The big picture: Companies need workers, but many employees aren't ready to go back to the way things used to be. A hybrid setup could provide the best possible way forward, if both sides are willing to give.
About two-thirds of service-sector workers said they could not take leave, or took less leave than they wanted, when they experienced a major life event, according to a Harvard and UC San Francisco study released today. Within this group, 71% said the reason was they couldn’t afford to.
Why it matters: Part of President Biden’s American Families Plan provides 12 weeks of guaranteed paid family and sick leave to workers, marking the first time that a U.S. president has introduced a national-level paid leave program.
The acting administrator of the Transportation Security Administration issued an internal memo on May 30 warning that 131 of the largest U.S. airports will face staffing shortages as in June, the Washington Post reported Wednesday.
The state of play: The memo asks TSA office workers to volunteer for up to 45 days to help run queues and perform administrative tasks, with summer travel expected to ramp up, per the Post.