Jul 19, 2017

The future of jobs is still a mystery

Alastair Grant / AP

Political, business and technology leaders are turning their attention to the rapidly changing workforce, but they are only beginning to understand what the future of employment looks like and what matters most to workers, several acknowledged at Fortune's Brainstorm Tech conference in Aspen.

Why it matters: Our ability to make employment transitions as painless as possible will hinge on our ability to get ahead of these trends. Apparently, we have a long way to go.

What workers care about: Contrary to popular assumptions, most American workers are more concerned about having a stable and consistent income than making more money, said DoorDash CEO Tony Xu, whose company employs independent contractors to make food deliveries.

"We are in a data desert," said Bloomberg Beta chief Roy Bahat in reference to the relative lack of data about employment trends and predictions. He added that much of the data collected by the federal government every year tends to pertain to full-time employees and fails to show trends for other types of workers.

Echoing the sentiment that we need more granular data, former Secretary of Commerce Penny Pritzker added that "nobody's interested in the average temperature in America."

Basic income: Michael Chui of the McKinsey Global Institute said that redeploying workers is more important than trying to implement a universal basic income, which some believe is the answer to worries about rising joblessness. "If you believe we need [universal basic income] to solve mass unemployment, you need to think about what problems you're trying to solve."

Bloomberg Beta's Bahat had a slightly different take: "It's not a great way to solve mass unemployment, but it is a great way to think about stable income."

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U.S. coronavirus updates: Death toll tops 4,000

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

The novel coronavirus has now killed more than 4,000 people in the U.S. — with over 1,000 deaths reported in New York City, per Johns Hopkins.

The state of play: President Trump said Tuesday it's "going to be a very painful two weeks," with projections indicating the virus could kill 100,000–240,000 Americans — even with strict social distancing guidelines in place.

Go deeperArrowUpdated 1 hour ago - Health

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 a.m. ET: 860,181 — Total deaths: 42,354 — Total recoveries: 178,359.
  2. U.S.: Leads the world in confirmed cases. Total confirmed cases as of 3 a.m. ET: 189,633 — Total deaths: 4,081 — Total recoveries: 7,136.
  3. Business updates: Should you pay your rent or mortgage during the coronavirus pandemic? Find out if you are protected under the CARES Act.
  4. Public health updates: More than 400 long-term care facilities across the U.S. report patients with coronavirus — Older adults and people with underlying health conditions are more at risk, new data shows.
  5. Federal government latest: President Trump said the next two weeks would be "very painful," with projections indicating the virus could kill 100,000–240,000 Americans.
  6. Coronavirus in custody: Inmates in all U.S. federal prisons are set to enter a 14-day quarantine on April 1. A federal judge on Tuesday ordered U.S. Immigration and Customs Enforcement to release 10 detained immigrants who are at risk from COVID-19.
  7. U.S.S. Theodore Roosevelt: Captain of nuclear aircraft carrier docked in Guam pleaded with the U.S. Navy for more resources after more than 100 members of his crew tested positive.
  8. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

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World coronavirus updates: UN warns of recession with "no parallel" to recent past

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

The novel coronavirus pandemic is the "greatest test" the world has faced together since the formation of the United Nations just after the Second World War ended in 1945, UN chief António Guterres said Tuesday.

The big picture: COVID-19 cases surged past 859,000 and the death toll exceeded 42,000 early Wednesday, per Johns Hopkins data. Italy reported more than 12,000 deaths.

Go deeperArrowUpdated 2 hours ago - Health