122 episodes

How is your organization emerging from the pandemic? Are you returning to the office, working remotely, or trying a hybrid format? Turbine Labs’ Daily 3 minute "The Future of Work Briefing" singles out the most impactful return to work, economic recovery, and related headlines powered by our AI platform, so you are guaranteed essential information to start your day.

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The Future of Work Turbine Labs

    • News

How is your organization emerging from the pandemic? Are you returning to the office, working remotely, or trying a hybrid format? Turbine Labs’ Daily 3 minute "The Future of Work Briefing" singles out the most impactful return to work, economic recovery, and related headlines powered by our AI platform, so you are guaranteed essential information to start your day.

Prefer to read your headlines? Try our daily newsletter, delivered straight to your inbox: https://turb.la/3ATIaEX

Curious about a different topic? Learn more about our products and services at: https://turbinelabs.com/

    UK-based fintech bank announces four-day work week - November 23, 2021

    UK-based fintech bank announces four-day work week - November 23, 2021

    Zoom Video Communications sales growth slowed last quarter as the demand for remote work and video conferencing eased. Zoom has been unable to maintain the heady growth it experienced at the pandemic’s start when organizations leaned heavily into remote work and now faces increased competition, like Microsoft’s Teams application.
    Will Zoom be able to withstand workers returning to the office? - MarketWatch
    Pandemic Stocks Have Become Passé - The New York Times
    @danielnewmanUV: Big day for @Zoom. Market seems to be skeptical of its results. Last quarter 54% revenue growth was met with disdain. I would like to see that level this quarter to show strength despite reopening and increased mobility. Likely very volatile on results. $ZM #Collaboration #Earnings
    With COVID-19 cases climbing, more companies are considering fees and surcharges for unvaccinated workers. The grocery chain Harmons and JP Morgan Chase are two companies telling unvaccinated employees they will pay more for health insurance if they remain unvaccinated. A September survey found nearly 20% of large companies were considering raising insurance premiums for those evading the shot.
    What kind of costs can unvaccinated workers ring up for a business? - Marketplace
    Vaccine-or-test work rules are proving costly for governments - USA Today
    @KUOW: "This surcharge will be necessary to address the financial risk the decision to not vaccinate is creating for our company."
    Restrictions related to voice-only telehealth loosened when state and federal governments temporarily eased privacy and security restrictions early in the pandemic, largely benefiting elderly and rural residents. Today, these rules are rapidly shifting with nearly 1,000 proposals pending before state and federal legislatures that address extending telehealth, while Medicare, for example, says it will cover audio-only visits through 2023.
    Harris announces $1.5B to fight shortage of doctors in underserved communities - The Hill
    Employers Beefed Up Telemedicine Benefits During Pandemic as Family Premiums Climbed - Inc.
    Telehealth Rollbacks Leave Patients Stranded, Some Doctors Say - The Wall Street Journal
    Thousands of people at more than 25 companies went on strike this fall as workers leveraged the national labor shortage and the Great Resignation to demand changes. A 35-day worker strike at Deere and Co. ended last week, days before the construction and equipment manufacturer reports quarterly earnings and its profit outlook for next year.
    Low wage, essential workers demand better protections in California - PBS NewsHour
    Strikes Sweep Labor Market as Workers Flex New Leverage - The Wall Street Journal
    Labor Shortage? Depends on Who You Ask. - Entrepreneur
    The online, U.K.-based bank Atom Bank introduced a four-day work week for its 430 employees without cutting their pay in an effort to improve wellbeing and retain staff. Two studies between 2015 and 2019 trailing a four-day work week at the same rate of pay found no corresponding drop in productivity among participants and a dramatic increase in employee wellbeing.
    Is the Four-Day Workweek Finally Within Our Grasp? - The New York Times
    What do employees say would reduce burnout? Less work - CIO Dive
    "Zoom Has Some Unhappy Hours Remaining" - The Wall Street Journal / Source: Zoom; Visible Alpha


    CONTENT FACTS
    Turbine Labs has tracked 16,129 media articles and blogs and 17,920 social media posts over the last 24 hours.
    The next Turbine Labs Leadership briefing will be delivered on Monday, November 29, at 9:30AM ET.
    Questions or feedback? Don't hesitate to reach out to us directly.

    • 2 min
    Inflation pressures may lead to demands for raises from U.S. workers - November 19, 2021

    Inflation pressures may lead to demands for raises from U.S. workers - November 19, 2021

    The Congressional Budget Office declared on Thursday that President Joe Biden’s social spending bill would heighten the budget deficit by $160 billion over the next ten years if signed into law. Despite the announcement, and a filibuster from House Minority Leader Kevin McCarthy that delayed the vote Thursday evening, House Democrats are expected to approve the estimated $2 trillion bill Friday morning.
    'Crazy' or 'much ado about nothing'? How Joe Biden's Build Back Better plan could impact inflation. - USA Today
    CBO score on Biden spending bill would be 'pretty hard' to ignore, former director says - FOX Business
    @paulkrugman: Seeing some news stories leading with "CBO says BBB will raise deficit" then acknowledging that it's bc CBO is probably underestimating revenue gains from a stronger IRS. Which is true but kind of misses the bigger point: $160 billion is tiny
    Apple’s return to office date for employees was delayed to February 1 of next year with a plan to initiate a hybrid work model, according to a memo from Apple CEO Tim Cook. The plan will allow employees up to four weeks of remote work per year to allow workers time to travel, see loved ones or “shake up” employee routines.
    As workers return to offices, hybrid schedules take root - The Buffalo News
    Report: 98% of IT leaders concerned about security challenges due to hybrid workforce - VentureBeat
    Some employers opting for geo-specific pay as remote work becomes norm - TNW
    The Austrian government announced a nationwide lockdown Friday morning along with a vaccine mandate, marking the first nationwide vaccine mandate for a European country. The announcement follows Germany’s rollout of restrictions for unvaccinated citizens Thursday as Europe has continued to struggle with rising COVID-19 infections and low vaccination numbers.
    Greece, like some other E.U. nations facing case surges, adds restrictions for the unvaccinated. - The New York Times
    FDA clears Moderna and Pfizer’s Covid vaccine booster shots for all U.S. adults - CNBC
    Europe Returns to Work-From-Home to Stem Soaring Covid Cases - Bloomberg
    Workers in the United States are expecting wage increases in the coming year due to employee shortages and inflation pressures according to survey data from the University of Michigan. The news comes as 88% of Americans have expressed concern over inflation and said they plan to reduce spending where possible to deal with rising prices.
    Inflation Spreads to Online Retail, Once a Haven of Discounts - Bloomberg
    Take Five: Gas, inflation and time to hit the shops - Reuters
    Democrats urge Biden to do more about inflation - Axios
    Retail pharmacy giant CVS said it will close up to 900 storefronts over the next three years as it pivots its business model more toward health services. The announcement follows competitor Walgreens Boots Alliance’s similar shift away from a retail focus and is meant to expand CVS’s health service offerings for customers by providing treatments for diabetes and chronic care among other services.
    Macy’s plans to shut 10 department stores in January while delaying other closures - CNBC
    @Mikey_Tay1or: CVS closing 10% of their retail due to consumers increasing demand of buying medicine online. They’re expecting to lose $1B - $1.2B Our deal flow of vacant retail increased significantly post Covid… so I’m actually not surprised by this.
    "Inflation Gives U.S. Workers Ammunition in Year-End Pay Reviews" - Bloomberg / Source: University of Michigan survey


    CONTENT FACTS
    Turbine Labs has tracked 18,617 media articles and blogs and 21,046 social media posts over the last 24 hours.
    The next Turbine Labs Leadership briefing will be delivered on Monday, November 22, at 9:30AM ET.
    Questions or feedback? Don't hesitate to reach out to us directly.

    • 2 min
    CDC expands COVID-19 booster eligibility to all adults - November 22, 2021

    CDC expands COVID-19 booster eligibility to all adults - November 22, 2021

    The Centers for Disease Control and Prevention expanded eligibility for COVID-19 vaccine booster shots to all adults ages 18 and up. The decision followed a unanimous vote by the CDC’s outside panels of advisers. The former Commissioner of the U.S. Food and Drug Administration said that U.S. officials might eventually consider people “fully vaccinated” for COVID-19 only if they’ve had their additional booster dose of the vaccine.
    You’re getting a COVID-19 booster. How about 2022 and beyond? - Fast Company
    Fauci hopes COVID-19 booster increases durability to not need it regularly - The Hill
    Traditional Thanksgiving meals with all the trimmings are facing grocery prices that are up 14% compared with the 2020 holiday. Inflationary factors driving up food costs include supply chain disruptions and changes in how people eat. During the pandemic, more consumers cooked and ate meals at home, which led to increased supermarket demand and higher retail food prices.
    Thanksgiving Will Cost More This Year. That Could Cost Democrats, Too. - The New York Times
    Holiday season poses major test for Biden economy - The Hill
    Thanksgiving Will Be Pricey This Year … Unless You Wait - Bloomberg
    @GannettAlbany: Food banks were prepared for inflation around the holidays, thanks to federal aid and strong state program
    Supply-chain shortages once thought to be transitory are now expected to persist until next year. While consumer demand may wane after the holidays, future trouble spots include the labor contract representing around 15,000 West Coast port workers expiring next summer, new rules by the International Maritime Organization requiring ships to reduce their carbon footprints and a potential reverse logjam in Asia next year.
    Cargo ship queues have been pushed 150 miles off the coast of Southern California - Insider
    Today’s Shortages Could Soon Become Tomorrow's Gluts - The Wall Street Journal
    @RobertGarcia: Important thread on the progress being made on supply chain congestion at ports. We are seeing significant improvements thanks to the Biden-Harris Administration and our state partners. We have a ways to go but the data headed in right direction.
    A rise in COVID-19 cases has once again prompted employers to question their return to work approaches, reflecting the continued uncertainty about the pandemic’s trajectory. Though many office spaces remain empty, offices in the 10 major U.S. cities were on average 39% occupied in the week ended Nov. 10 – a pandemic-era high.
    Workers are resisting being called back to the office — and some employers are scrapping their plans - The Boston Globe
    'Out of Office' considers 'why' companies want to bring back remote employees - NPR
    Stubborn Covid surges signal bleak winter - Politico
    A resurgence of COVID-19 restrictions in a number of countries has resulted in protests across Europe – most recently in the Netherlands – with some demonstrations turning violent and leading to dozens of arrests. The protests have come in response to a three-week partial lockdown announced last weekend following a spike in coronavirus cases.
    France deploys police to Guadeloupe to quell violent Covid protests - The Guardian
    Protests against Italy’s health pass fizzle. - The New York Times
    @PamelaFalk: Tens of thousands of people demonstrated through central Brussels on Sunday to protest reinforced COVID-19 restrictions imposed by the Belgian government to counter the latest spike in coronavirus cases.
    "Thanksgiving inflation: Cost of turkey feast up 14%" - Axios / Source: American Farm Bureau Federation; Sarah Grillo and Will Chase/Axios


    CONTENT FACTS
    Turbine Labs has tracked 8,220 media articles and blogs and 11,793 social media posts over the last 24 hours.
    The next Turbine Labs Leadership briefing will be delivered on Tuesday, November 22, at 9:30AM ET.
    Questions or feedback? Don't hesitate to reach out to us directly.

    • 3 min
    OSHA suspends enforcement of Biden’s COVID vaccine mandate - November 18, 2021

    OSHA suspends enforcement of Biden’s COVID vaccine mandate - November 18, 2021

    For the sixth straight week, initial jobless claims remained below 300,000, falling to 268,000 — the lowest number since the pandemic hit. The continued decrease in claims towards pre-pandemic levels is a sign employers are avoiding layoffs as many workers quit. The quits rate was measured at a record high of 3% in September, Labor Department figures show.
    Retirees are ‘unretiring’ — and that’s good for the labor market - CNBC
    @profwolff: Not a worker "shortage;" rather a shortage of decent wages, job conditions for decades. So now workers say "take this job and shove it" and quit or strike or unionize. Finally!
    Florida Republicans approved a bill Wednesday that aims to hinder vaccine mandates in businesses and rejected claims that businesses refusing mandates sacrifice public health. After Gov. Ron DeSantis signs the bill in the coming days, Florida will become the first state with a law imposing fines on companies that require a COVID-19 vaccination for employment.
    As G.O.P. Fights Mask and Vaccine Mandates, Florida Takes the Lead - The New York Times
    @jayobtv: NEW: Florida legislature passes Republican-led bill meant to thwart Biden Administration vaccine mandate. Doesn’t ban workplaces from requiring the shot, but does force those employers to allow for broad opt-outs. Bill is awaiting @GovRonDeSantis’ signature.
    President Joe Biden asked the Federal Trade Commission to investigate potential “illegal conduct” from energy companies as gas prices hover around a seven-year high. Fuel prices for a gallon of gasoline are averaging $3.41, according to data from the American Automotive Association. In August, the Biden administration called on OPEC to increase production and asked the FTC to monitor and address any illegal conduct.
    Biden faces pressure to tap strategic oil supply as gas prices soar - Fox Business
    Gas price relief on the horizon as global oil supply picks up, says IEA ​​- CNN
    @SenWarren: .@ExxonMobil and @Chevron have doubled their net profit. Meanwhile, consumers are being crushed at the pump even as fuel costs have dropped. I’m glad @POTUS asked @LinakhanFTC to investigate whether greedy oil and gas giants are cheating and driving inflation.
    The Occupational Safety and Health Administration suspended the enforcement of Biden’s COVID-19 vaccine mandate for private businesses after a federal appeals court opposed it last week. The agency said it is confident in its authority “to protect workers in emergencies.” OSHA originally gave employers with more than 100 employees a Jan. 4 deadline to comply with the vaccine mandate and threatened thousands of dollars in fines if businesses do not comply.
    Conservative-leaning appeals court to hear challenges to Biden's vaccine mandate after ping-pong ball lottery - ​​CNN
    @RepRussFulcher: Alongside my Republican colleagues in the Education and Labor Committee, I am leading the effort to introduce a Congressional Review Act (CRA) to nullify OSHA’s emergency temporary standard mandating vaccines for private sector employers.
    CEO turnover spiked in the first half of 2021 as many companies restructured with hopes to navigate the aftermath of the pandemic, according to a study from recruiting firm Heidrick and Struggles. Survey findings show that stressed CEOs are not immune to the worker exhaustion and lifestyle change that has been dubbed the Great Resignation. Following resignations, the report found that women are most likely to be promoted to executive roles.
    What the CEOs of Walgreens, Hilton and Progressive think about the Great Resignation - Fortune
    One solution to the labor shortage: teenagers - CNBC
    @malas_n: As US workers keep quitting their jobs at a record-setting rate, "employers are forced to do things that they haven’t had to do before." @smasunaga reports on the wild variety of ways companies are fending off the Great Resignation.


    "The Great Resignation: Why millions of workers are leaving their jobs and what to conside

    • 3 min
    FDA to authorize Pfizer booster for all adults this week - November 17, 2021

    FDA to authorize Pfizer booster for all adults this week - November 17, 2021

    U.S. stock futures remained flat Wednesday amid announcements of strong earnings from Target and Lowe’s. Target said comparable sales rose 12.7% and e-commerce sales rose 29% in the most recent quarter as holiday sales launched early. Lowe’s beat analysts’ expectations for the third quarter, anticipating $95 billion in sales as the company got a bump in business from remote workers.
    Black Friday is early again this year, and maybe forever - Retail Dive
    Walmart ad revenue surge helps keep prices low as sales soar - Ad Age
    @jimsciutto: New: Retail sales for the month of October rose 1.7%, more than economists had expected and significantly more than the previous month. In September, retail sales grew 0.7% from the month earlier, beating economists' forecast for a 0.2% decline.
    The White House is prepared to invest billions of dollars towards expanding U.S. vaccine manufacturing capacity to at least one billion doses a year starting in 2022. The Biden administration has faced mounting pressure to increase the vaccine supply in poorer nations. The move comes as the Food and Drug Administration pushes to authorize booster doses of Pfizer’s coronavirus vaccine for all adults this week.
    COVID vaccine can be bundled with a child's routine shots, doctors say - ABC News
    Nurse Salaries Rise as Demand for Their Services Soars During Covid-19 Pandemic - The Wall Street Journal
    @DataDrivenMD: Pfizer/BioNTech expect $60 billion in revenue from COVID-19 vaccine sales in 2021 and 2022. In 2023, “analysts have forecast revenue of over $6.6 billion […] mostly from booster sales.” 2/n
    A federal judicial panel assigned the GOP-majority appeals court in Cincinnati to handle at least 34 lawsuits challenging the Biden administration’s vaccine and testing requirements for private businesses. The assignment casts further doubt on the survival of the vaccine mandate the White House says is central to the fight against the coronavirus.
    Utah’s workplace COVID vaccine exemption bill becomes law - ABC4 Utah
    Biden’s and Fauci’s supposed hypocrisy on vaccine mandates, examined - The Washington Post
    Resignation rates reached record highs of 4.4 million in September, with quitting rates especially high for in-person roles in traditionally lower-paying industries such as entertainment, hospitality, trade, transportation and retail, according to the Bureau of Labor Statistics. The Great Resignation also targeted U.S. tech workers with 72% thinking about leaving their current employer in the next year, according to TalentLMS. Executives have voiced feelings that we are far from the end of the shift in worker habits.
    Is The 'Great Resignation' Actually A Mass Retirement? - Forbes
    The Worst of Both Worlds: Zooming From the Office - The New York Times
    The CEO of the world’s biggest job portal says he has a solution to the labor shortage: getting rid of the resume - Fortune
    @axios: Some 60% of firms are re-designing their offices for the post-pandemic era, according to a new report that surveyed large companies around the world. Of those, a quarter are eliminating private offices entirely.
    Supply chain constraints paired with climate change are leading to a shortage of both real and artificial Christmas trees, prompting vendors to urge consumers to buy before Thanksgiving. Some businesses said that this year consumers will potentially see a 25% price increase due to the hike in transportation costs. Additionally, holiday dinners will cost more this year. Last month, the price of meat, poultry, fish and eggs rose 12% from a year ago, pork prices rose 14.1%, and beef prices surged 20.1%.
    How climate change and extreme weather are crimping America’s pie supply - The Washington Post
    From turkey to festive fizz: how will shortages affect UK Christmas dinner? - The Guardian
    @AnnaHoffmanTV: Grocery Store workers recommend getting your Thanksgiving turkeys early to avoid impacts of a turkey shortage. Thankfully our local stores are prepared for

    • 3 min
    October retail sales spark optimism for the economy - November 16, 2021

    October retail sales spark optimism for the economy - November 16, 2021

    President Joe Biden signed the $1 trillion infrastructure bill Monday afternoon. The bill, cut down from its original price tag of $2.3 trillion after months of debate, includes funding for broadband expansion, environmental projects and improvements for transportation infrastructure among other initiatives.
    Biden’s reliance on I.R.S. enforcement to pay for $1.85 trillion bill hits a snag. - The New York Times
    Students are still struggling to get internet. The infrastructure law could help - NPR
    Biden’s infrastructure bill includes $50 billion to fight climate change disasters - CNBC
    October retail surged 1.7% compared to September’s 0.7% due to early holiday shopping and high gas prices. October’s rise in retail sales signaled the third month of growth in a row. Economist Michael Gapen with Barclay argued that strong retail sales represent a positive sign that the U.S. economy is “back on track.”
    After rally in U.S. retailers, investors eye upcoming reports - Reuters
    Consumers rushing to complete holiday shopping due to supply chain concerns - WHSV
    Supply Chain Challenges Won’t Ruin the Holidays—but They Will Change the Retail Industry - Adweek
    Recent survey data highlighted a reduction in working hours as the preferred solution to employee burnout with 83% of survey participants saying a reduced workweek would help them tackle burnout in their jobs. Advocates of the 4-day workweek have argued a reduction in work hours may help employers deal with the effects of the Great Resignation, particularly when it comes to attracting new talent.
    U.S. Faces Crisis of Burned-Out Health Care Workers - U.S. News and World Report
    6 Strategies to Boost Retention Through the Great Resignation - Harvard Business Review
    Robots Filling Vacant Jobs Amid Ongoing 'Great Resignation' - International Business Times
    Senate Banking Chairman Sherrod Brown said the Biden administration is expected to announce its selection for the chair of the Federal Reserve soon, with a choice forecasted for before the Thanksgiving holiday. The two finalist candidates are incumbent Federal Reserve chair Jerome Powell and Federal Reserve governor Lael Brainard, both of whom were interviewed by the President earlier this month.
    Inflation Prompts Growing Chorus to Call on Fed to Speed Taper - Bloomberg
    Fed should hike interest rates immediately to cut stagflation risks, economist Stephen Roach suggests - CNBC
    @CGasparino: BREAKING— Wall Street sets odds of a Powell reappointment to @federalreserve at just 50 50 after what was seen as a layup not long ago. We discuss why and possible impact on markets if Lael Brainard gets the nod now @FoxBusiness @TeamCavuto
    Pharmaceutical giant Pfizer announced its antiviral COVID-19 pill can be produced by generic manufacturers for 95 low- and middle-income countries through a licensing agreement with Medicines Patent Pool. The clinical trial of the company’s pill showed a reduction in mortality and hospitalization rates of 89% for adults at risk of severe disease. Despite progress on the company’s antiviral drug, Pfizer CEO Albert Bourla has maintained opposition to the waiving of intellectual property rights for COVID-19 vaccines.
    Pfizer to conduct trials of antiviral COVID-19 pill in Russia - Reuters
    8 lingering questions about the new Covid pills from Merck and Pfizer - STAT
    WHO chief calls booster distribution 'scandal' as poorer countries wait for doses - The Hill
    @BogochIsaac: Pfizer signs a deal allowing their #COVID19 pill (Paxlovid) to be more accessible and "widely available in 95 low- and middle-income countries covering 53% of the world's population". Good news if those who need this can actually access it.
    "The Great Resignation" - Statista / Source: U.S. Bureau of Labor Statistics


    CONTENT FACTS
    Turbine Labs has tracked 26,845 media articles and blogs and 20,817 social media posts over the last 24 hours.
    The next Turbine Labs Leadership briefing will be delivered on Wednesday, November 17,

    • 3 min

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