Tuesday, August 9News That Matters

Tag: labor

After Amazon: Labor tries to regroup in wake of Alabama loss

WASHINGTON -- Despite the strongest public support and the most sympathetic president in years, the American labor movement just suffered a stinging defeat -- again.Amazon warehouse workers in Bessemer, Alabama, overwhelmingly voted against joining the Retail, Wholesale and Department Store Union in much-anticipated election results announced Friday.Amazon and business groups celebrated the decision, saying warehouse workers got a chance to weigh the pros and cons of union membership -- and voted to reject it.But labor activists argue that the lopsided vote shows how unfairly the odds are stacked against union organizing efforts and highlights the need for Congress to reform U.S. labor law. The House last month passed such legislation -- the Protecting the Right to Organize (PRO) A...

Ride-hailing, delivery giants win fight against labor law

OAKLAND, Calif. -- App-based companies like Uber, Lyft and Doordash have dodged a potentially devastating blow to their industry by carving out an exemption from a California law that required them to classify their drivers as employees instead of contractors.California voters passed Proposition 22 and delivered a stinging rebuke to state lawmakers and labor leaders who were fighting for better working conditions for a growing number of people who drive for ride-hailing and food delivery services.California has one of the strictest laws in the country for determining when a company must treat its workers as employees with benefits such as minimum wage, overtime and sick days. Uber, Lyft, Doordash, Instacart and others sought to get out of those requirements, and after failing in co...

Latest layoffs do not signal a collapsing labor market, top economist Michael Darda suggests

Layoffs in several of the nation's biggest industries are making headlines this week.The list includes Disney eliminating 28,000 employees connected to the coronavirus theme park shutdowns, United Airlines and American Airlines collectively planning to put 32,000 workers on furlough, and insurer Allstate cutting almost 4,000 jobs.But MKM Partners' Michael Darda suggests it's not the time to get discouraged."Keep in mind those numbers sound terrible, but they're not enormous in the context of the size of the total U.S. labor market," the firm's chief economist and macro strategist told CNBC's "Trading Nation" on Thursday.Darda expects that the September employment report, which is scheduled to be released Friday at 8:30 a.m. ET, will give Wall Street assurance that the econom...

Here are the best deals on back-to-school supplies this Labor Day weekend

This back-to-school season is like no other for many reasons. And that makes preparing for it especially challenging.As of a recent tally, a little more than half of U.S. elementary and high school students will attend school only virtually this fall, although changes are announced daily. As a result, families have delayed many traditional back-to-school purchases."Forget lunchboxes and backpacks — now it's all about trying to create a good space in your home for your kids to learn remotely," said Matt Schulz, chief credit analyst at LendingTree.However, "it makes things a little pricier, and the last thing we all need in 2020 is some more financial uncertainty," he added.More from Personal Finance:21% of parents reduced work hours because of remote schoolWill schools reopen in t...

Labor Day is still a good time to buy a car. ‘It just looks a little different this year,’ experts say

Angus Mordant | Bloomberg | Getty ImagesIf you're hoping to take advantage of special Labor Day car sales, a trade-in could make the purchase a bit less costly than usual.With inventory at dealerships still tight, used cars are fetching a premium. For instance, the average list price for a 2017 model climbed to $ 24,287 in August, up $ 721 from July and up nearly $ 1,500 from June, according to data from Edmunds.com."Car shoppers are experiencing an interesting dynamic right now, because local dealerships may pay more for a popular vehicle this year than in years past," said Matt Smith, deputy editor of CarGurus.com.Car-buying activity has picked up after dropping off at the beginning of the pandemic, although August sales for new cars were an estimated 10% lower than a year earlier, ac...