Category: Labor and Jobs

What to Do When Your 401(k) Leaves Something to Be Desired

Over the course of a career, the high fees and a lower-quality menu of investment options found in some plans can shrink your balance significantly.
Google Fires 28 Employees Who Protested an Israeli Cloud Contract

The dismissals escalated longstanding tensions between company leaders and activist employees opposed to supplying technology to Israel’s government.
Tesla Seeks to Revive Musk’s $47 Billion Pay Deal After Judge Says No

The company’s directors are asking shareholders to again approve the multibillion-dollar compensation plan and to move the company’s registration to Texas, from Delaware.
Trains, Trucks and Tractors: The Race to Reroute Goods From Baltimore

Since the collapse of the Key Bridge, other East Coast ports have absorbed the cargo previously handled in Baltimore, but some parts of the supply chain like trucking are struggling.
VW Workers in Tennessee Start Vote on U.A.W., Testing Union Ambitions

The United Automobile Workers hopes contract gains at the Big Three carmakers will provide momentum in a broad effort to organize nonunion plants.
Powell Suggests Interest Rates Could Stay High for a Longer Period

The Fed chair, along with the central bank’s No. 2 policymaker, stressed uncertainties over job growth and the persistence of elevated inflation.
Tesla Will Lay Off More Than 10% of Workers

Elon Musk’s electric car company reported a drop in sales in the first three months of the year, and its profit margin has been falling for months.
U.S. Scrutiny of Chinese Company Could Disrupt U.S. Supply Chain for Key Drugs

Lawmakers raising national security concerns and seeking to disconnect a major Chinese firm from U.S. pharmaceutical interests have rattled the biotech industry. The firm is deeply involved in development and manufacturing of crucial therapies for cancer, cystic fibrosis, H.I.V. and other illnesses.
Why Better Times (and Big Raises) Haven’t Cured the Inflation Hangover

Frustrated by higher prices, many Pennsylvanians with fresh pay raises and solid finances report a sense of insecurity lingering from the pandemic.
3 Facts That Help Explain a Confusing Economic Moment

The path to a “soft landing” doesn’t seem as smooth as it did four months ago. But the expectations of a year ago have been surpassed.
Immigrants in Maine Are Filling a Labor Gap. It May Be a Prelude for the U.S.

A wave of rapid immigration is taxing local resources around the country and drawing political ire. But it might leave America’s economy better off.
The Worst Part of a Wall Street Career May Be Coming to an End

Artificial intelligence tools can replace much of Wall Street’s entry-level white-collar work, raising tough questions about the future of finance.