Category : Labor/Labor Unions/Labor Market

(WSJ) The Drugs Young Bankers Use to Get Through the Day—and Night

As Mark Moran was facing another 90-hour week as an investment-banking intern at Credit Suisse in New York, he knew he needed help to survive the rest of the summer. His colleagues gave him a tip: Visit a Wall Street health clinic and tell the staff he had trouble focusing.

Ahead of his first appointment, he filled out a five-minute questionnaire. One of the questions asked if he had trouble staying organized, another, if he procrastinated. He then met with a clinician who said his answers suggested he had attention-deficit hyperactivity disorder. He left with a prescription for Adderall.

No matter that a family member, a psychologist, didn’t think Moran had ADHD. He found that when he took Adderall, he could keep working for hours, and was able to actually be interested in some of the mundane tasks required of a young investment banker, such as aligning corporate logos on a PowerPoint or formatting cells in Microsoft Excel. 

He also wanted to show his bosses he was a hard worker and eventually secure a lucrative full-time job offer after finishing graduate school.

Read it all.

Posted in * Economics, Politics, Drugs/Drug Addiction, Economy, Health & Medicine, Labor/Labor Unions/Labor Market, The Banking System/Sector

Dorothy Sayers on her Feast Day–Why Work?

I have already, on a previous occasion, spoken at some length on the subject of Work and Vocation. What I urged then was a thoroughgoing revolution in our whole attitude to work. I asked that it should be looked upon, not as a necessary drudgery to be undergone for the purpose of making money, but as a way of life in which the nature of man should find its proper exercise and delight and so fulfill itself to the glory of God. That it should, in fact, be thought of as a creative activity undertaken for the love of the work itself; and that man, made in God’s image, should make things, as God makes them, for the sake of doing well a thing that is well worth doing.

It may well seem to you – as it does to some of my acquaintances – that I have a sort of obsession about this business of the right attitude to work. But I do insist upon it, because it seems to me that what becomes of civilization after this war is going to depend enormously on our being able to effect this revolution in our ideas about work. Unless we do change our whole way of thought about work, I do not think we shall ever escape from the appalling squirrel cage of economic confusion in which we have been madly turning for the last three centuries or so, the cage in which we landed ourselves by acquiescing in a social system based upon Envy and Avarice.

A society in which consumption has to be artificially stimulated in order to keep production going is a society founded on trash and waste, and such a society is a house built upon sand….

Read it all.

Posted in Anthropology, Church History, Labor/Labor Unions/Labor Market, Theology

(Defense One) What Trump’s win means for the federal workforce

Donald Trump is projected to return to the White House next January, according to the Associated Press, and is poised to spur the most dramatic reimagining of the staffing of government in more than a century.

That’s because Trump has vowed to revive Schedule F, a controversial abortive effort at the end of his first term to strip the civil service protections of potentially tens of thousands of career federal workers in “policy-related” positions, effectively making them at-will employees. Trump and many of his former staffers have frequently bemoaned that “rogue bureaucrats” inhibited his policymaking power during his first stint in the White House.

Though President Biden quickly rescinded Schedule F when he took office in 2021—before any positions could be converted out of the federal government’s competitive service—that hasn’t stopped Trump and his allies from working on the initiative in absentia. Both the Heritage Foundation and America First Policy Institute, which have organized dueling unofficial transition projects have endorsed reviving Schedule F, going so far as to creating lists of upwards of 50,000 current career civil servants to strip of their removal protections and threaten with termination.

Read it all.

Posted in * Economics, Politics, Economy, Labor/Labor Unions/Labor Market, Office of the President, President Donald Trump, The U.S. Government

(FT) US polling places struggle to find workers after surge in threats

Fears of violence have left some US election boards struggling to hire poll workers with less than three weeks to go before Americans vote in November’s presidential election.

Election administrators in battleground states Nevada, Arizona and Wisconsin are still recruiting temporary staff to set up polling equipment, sign in voters and report results, according to Power the Polls, a non-partisan poll worker recruitment group. Officials in Maryland, Ohio and Florida are also still hiring staff for election day.

“The challenge [comes from concerns about] the safety and security of poll workers,” said Isaac Cramer, executive director of the election board in Charleston County, South Carolina. “I know that was a top concern of people who have left.”

Read it all.

Posted in Labor/Labor Unions/Labor Market, Politics in General

(NYT Op-ed) Daron Acemoglu–America Is Sleepwalking Into an Economic Storm

Inflation seems under control. The job market remains healthy. Wages, including at the bottom end of the scale, are rising. But this is just a lull. There is a storm approaching, and Americans are not prepared.

Barreling toward us are three epochal changes poised to reshape the U.S. economy in coming years: an aging population, the rise of artificial intelligence and the rewiring of the global economy.

There should be little surprise in this, since all these are evolving slowly in plain sight. What has not been fully understood is how these changes in combination are likely to transform the lives of working people in ways not seen since the late 1970s, when wage inequality surged and wages at the low end stagnated or even fell.

Together, if handled correctly, these challenges could remake work and deliver much higher productivity, wages and opportunities — something the computer revolution promised and never fulfilled. If we mismanage the moment, they could make good, well-paying jobs scarcer and the economy less dynamic. Our decisions over the next five to 10 years will determine which path we take.

Read it all.

Posted in * Economics, Politics, America/U.S.A., Economy, History, Labor/Labor Unions/Labor Market, Science & Technology

(CNBC) The East and Gulf coast ports strike could be a no-win situation for the Biden administration

President Joe Biden and his administration are sticking to their position of not invoking the Taft-Hartley Act to force International Longshoremen’s Association dock workers back on the job at East and Gulf coast ports where a strike is hitting day two on Wednesday, a political decision that reflects the power of unions one month out from an election but risks losing some progress on what is the No. 1 issue for many voters: the economy.

Rhetoric from Cabinet secretaries, including Transportation Secretary Pete Buttigieg and acting Labor Secretary Julie Su, has become sharper in recent days, pointing the finger at the ports ownership and ocean carriers. But right now, there is no sign of any progress bringing the ILA and port owners back to the table for a new round of negotiations, according to CNBC sources. And there remains a big risk on the other side of the political decision-making: wage increases that are a win for workers but ultimately ripple through the economy in the form of higher prices, both domestically and around the world.

Much of the focus about the economic impact of the ports strike to date has been focused on the direct hit to the economy from the massive trade shutdown, and the ways in which supply chain congestion and delays can result in higher prices being passed along to consumers, which will become a bigger factor the longer a strike persists. But maritime and business experts are also warning about the risk of persistent wage inflation making its way into supply chain prices that the Federal Reserve has recently been successful in taming.

Read it all.

Posted in * Economics, Politics, Economy, Labor/Labor Unions/Labor Market, President Joe Biden

(Local Paper) 45,000 dockworkers are now on strike at 36 US ports, including South Carolina’s

For the first time in nearly 50 years, dockworkers at ports along the East and Gulf coasts have gone on strike.

Members of the International Longshoremen’s Association walked off the job at 12:01 a.m. Oct. 1 — the minute their six-year labor contracts expired — with three local Charleston union affiliates picketing outside S.C. State Ports Authority terminals for better wages, job security and “respect.”

Nearly 20 people stood along Morrison Drive in Charleston, across from the SPA’s Columbus Street Terminal, holding high signs that read “No work without a fair contract” and “Automation hurts families: ILA stands for job protection.”

Randy Campbell, a union vice president, said that members of his local ILA 1771, and two others, 1422 and 1422A, will remain outside of the Wando Welch, North Charleston and Columbus Street terminals until negotiations are done.

Read it all.

Posted in * South Carolina, Labor/Labor Unions/Labor Market

(Bloomberg) Xi Unleashes a Crisis for Millions of China’s Best-Paid Workers

It’s 1 a.m. and Thomas Wu is riding his bike on the empty streets of Shanghai. The 43-year-old insurance executive has had another meltdown.

Wu’s pay has been slashed by 20% in a nationwide push to lower salaries at state-owned finance companies. He frets about layoffs and wonders how he’ll find 600,000 yuan ($84,500) to keep his two children in international school — a hallmark of upper-middle-class life in China. His six-year-old is behind in math.

“What’s the point of driving our kids nuts studying so hard?” Wu said. “The top-tier graduates can’t find a job, those who come back from overseas can’t find a job.” Pay increases, he says, are no longer tied to effort. “My work is meaningless.”

Read it all.

Posted in * Economics, Politics, Anthropology, China, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Politics in General, Psychology

A Prayer for Labor Day

On this three day weekend, when we rest from our usual labors, loving Father, we pray for all who shoulder the tasks of human laboring the marketplace, in factories and offices, in the professions, and in family living.

We thank you, Lord, for the gift and opportunity of work; may our efforts always be pure of heart, for the good of others and the glory of your name.

We lift up to you all who long for just employment and those who work to defend the rights and needs of workers everywhere.

May those of us who are now retired always remember that we still make a valuable contribution to our Church and our world by our prayers and deeds of charity.

May our working and our resting all give praise to you until the day we share together in eternal rest with all our departed in your Kingdom as you live and reign Father, Son, and Holy Spirit, one God, forever and ever. Amen.

–-The Archdiocese of Detroit

Posted in Labor/Labor Unions/Labor Market, Spirituality/Prayer

(WSJ) America’s Commute to Work Is Getting Longer and Longer

The American worker is making peace with a longer ride.

Big shifts in the way people live and work are making commutes of over an hour into the office more common—and even more palatable. Rising housing costs have prompted many to move farther away from city centers, while the staying power of hybrid work means they don’t have to drive into work every day. 

The share of super commutes—those 75 miles or longer—have grown the most and are up by nearly a third since 2020, according to new research from Stanford University. 

Craig Allender’s family of four felt they had outgrown their three-bedroom home in Novato, Calif., and wanted to upgrade. They found a five-bedroom one 30 miles north in Sonoma County where lower housing costs put a 3,000-square-foot house in reach. 

Read it all.
Posted in * Culture-Watch, America/U.S.A., Labor/Labor Unions/Labor Market, Travel

A Prayer for the Feast Day of Frances Perkins

Loving God, we bless thy Name for Frances Perkins, who in faithfulness to her baptism envisioned a society in which all may live in health and decency: Help us, following her example and in union with her prayers, to contend tirelessly for justice and for the protection of all, that we may be faithful followers of Jesus Christ; who with thee and the Holy Spirit liveth and reigneth, one God, for ever and ever. Amen.

Posted in Church History, Labor/Labor Unions/Labor Market, Spirituality/Prayer

(NYT) Hey, A.I. Let’s Talk

A pair of glasses from Meta shoots a picture when you say, “Hey, Meta, take a photo.” A miniature computer that clips to your shirt, the Ai Pin, translates foreign languages into your native tongue. An artificially intelligent screen features a virtual assistant that you talk to through a microphone.

Last year, OpenAI updated its ChatGPT chatbot to respond with spoken words, and recently, Google introduced Gemini, a replacement for its voice assistant on Android phones.

Tech companies are betting on a renaissance for voice assistants, many years after most people decided that talking to computers was uncool.

Will it work this time? Maybe, but it could take a while.

Read it all.

Posted in * Culture-Watch, Labor/Labor Unions/Labor Market, Science & Technology

(WSJ) The Fight for AI Talent: Pay Million-Dollar Packages and Buy Whole Teams

The artificial-intelligence boom is sending Silicon Valley’s talent wars to new extremes.

Tech companies are serving up million-dollar-a-year compensation packages, accelerated stock-vesting schedules and offers to poach entire engineering teams to draw people with expertise and experience in the kind of generative AI that is powering ChatGPT and other humanlike bots. They are competing against each other and against startups vying to be the next big thing to unseat the giants.

The offers stand out even by the industry’s relatively lavish past standards of outsize pay and perks. And the current AI talent shortage stands out for another reason: It is happening as layoffs are continuing in other areas of tech and as companies have been reallocating resources to invest more in covering the enormous cost of developing AI technology.

“There is a secular shift in what talents we’re going after,” says Naveen Rao, head of Generative AI at Databricks. “We have a glut of people on one side and a shortage on the other.”

Read it all.

Posted in Corporations/Corporate Life, Labor/Labor Unions/Labor Market, Science & Technology

([London] Times) Religious jobs are a broad church–there’s more than just clergy

As perhaps the ultimate job with purpose, careers in the church are enjoying a second coming.

In a world of zero-hours contracts and corporate greed, doing God’s work is an increasingly attractive option for those seeking a meaningful role making a difference to communities locally and worldwide. Two factors have combined to resurrect interest in church employment.

Firstly, ageing congregations and the rapid rise in female employment means there are fewer volunteers to take on local roles. A recent study suggested the average age of the church’s worshipping community was 61, but many congregations’ members are still in employment and unable to volunteer….

Secondly, modernising moves such as the Church of England’s £30 million net-zero carbon programme and diversity, equity and inclusion initiatives have aligned the church to corporate workplaces, making it simpler for those with transferable skills to make the move into ministry.

Read it all (subscription).

Posted in Church of England, England / UK, Labor/Labor Unions/Labor Market, Religion & Culture

A Reflection on Saint Joseph the Worker by Tarcisio Giuseppe Stramare for his Feast Day

ZENIT spoke with Father Tarcisio Giuseppe Stramare of the Congregation of Oblates of Saint Joseph, director of the Josephite Movement, about Tuesday’s feast of St. Joseph the Worker….

ZENIT: What does “Gospel of work” mean?

Father Stramare: “Gospel” is the Good News that refers to Jesus, the Savior of humanity. Well, despite the fact that in general we see Jesus as someone who teaches and does miracles, he was so identified with work that in his time he was regarded as “the son of the carpenter,” namely, an artisan himself. Among many possible activities, the Wisdom of God chose for Jesus manual work, entrusted the education of his Son not to the school of the learned but to a humble artisan, namely, St. Joseph.

Read it all.

Posted in Anthropology, Church History, Labor/Labor Unions/Labor Market, Theology

(NYT front page) Americans Live Far From Work, Given a Choice

In 2020, Virginia Martin lived two and a half miles from her office. Today, the distance between her work and home is 156.

Ms. Martin, 37, used to live in Durham, N.C., and drove about 10 minutes to her job as a librarian at Duke. After the onset of remote work, Ms. Martin got her boss’s blessing to return to her hometown, Richmond, Va., in March 2022, so she could raise her two young children with help from family.

As an ’80s-born “child of AIM,” Ms. Martin said of AOL instant messaging, it hadn’t been hard for her to maintain co-worker friendships online. She drives back to the office several times a year for events, most recently for the December holiday party.

Ms. Martin is part of today’s growing ZIP code shift: She is one of the millions of Americans who, thanks to remote and hybrid work, no longer lives close to where she works.

Read it all.

Posted in * Economics, Politics, Blogging & the Internet, Children, Economy, History, Housing/Real Estate Market, Labor/Labor Unions/Labor Market, Marriage & Family, Science & Technology

(WSJ) Why Teachers Are Still Leaving the Profession

Betsy Sumner always knew she wanted to be a teacher. She came from a family of educators and took a class in high school for aspiring teachers. She began teaching straight out of college in 2009 and loved it.

But last summer she left her job teaching family and consumer sciences, the subject previously known as home economics, at a high school in northern Virginia. With four children of her own, juggling the demanding workload was no longer worth it for the pay.

“It’s almost like preparing for a circus or a theater performance—every day you have to show up and do a show,” she said of preparing for class each day. “It’s just not really sustainable.”

Public-school teachers like Sumner are still leaving the profession in higher numbers than before the pandemic, a Wall Street Journal analysis of data from 10 states show, though departures have fallen since their peak in 2022. The elevated rate is likely due to a combination of factors and adds one more challenge to schools battling learning loss and frequent student absences.

Read it all.

Posted in * Culture-Watch, Anthropology, Children, Education, Labor/Labor Unions/Labor Market, Pastoral Theology, Politics in General

(Bloomberg) Number of Farms in America Is Shrinking as Producers Get Older

The number of farms in America is shrinking as growers get older and producing crops gets a lot more expensive.

The US had 1.9 million farms in 2022, a 6.9% drop from five years ago and the lowest since at least 1992, according to data from the US Department of Agriculture’s Census of Agriculture released on Tuesday. The total acreage used in farms dropped about 2.2%.

The survey, conducted every five years, shows an increasingly challenging outlook for food production in the US as the population grows. The high cost of land and equipment has raised the bar of entry into agriculture, making it more expensive for the next generation to produce crops.

Meanwhile, the average age of producers continued to climb, reaching 58.1 years in 2022.

Read it all.

Posted in * Economics, Politics, Dieting/Food/Nutrition, Economy, Labor/Labor Unions/Labor Market

(Seattle Times) Key bolts missing when Boeing delivered Alaska blowout jet, NTSB report says

The NTSB said the door plug was opened at Boeing’s Renton factory so a team from supplier Spirit AeroSystems of Wichita, Kan., could repair damaged rivets adjacent to the door plug on the 737 MAX 9 jet.

The fix required removal of insulation and interior panels at that location and the opening of the door plug. After the rivets were repaired, a Boeing team worked to restore the interior.

Federal regulations require that every manufacturing job that goes into assembly of an airplane be documented. And critical tasks have to be signed off by quality inspectors.

A month after the blowout, though, Boeing has not provided the NTSB with documentation about who opened and re-closed the door plug, how exactly it was done and with what authorization.

Read it all (my emphasis).

Posted in Corporations/Corporate Life, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Travel

(ABC) As 988 [Suicide and Crisis Lifeline] centers struggle to hire, burnout plagues some crisis staff

For Belinda Mosby, the nightmares started in March.

Mosby had been working at Carelon Behavioral Health, one of the new 988 Suicide and Crisis Lifeline hotline centers in New Hampshire, for two months. When Mosby started the job in January 2023, she said she was enthusiastic. After 25 years working in the mental health industry as a prison behavioral health specialist, substance abuse counselor and mobile crisis responder, she knew how dire the crisis was. She also said she knew she could help.

“I’m 25 years of preparing for this,” Mosby told ABC News of her thinking at the time.

But quickly, she said she felt overwhelmed. Callers were in such severe distress, she told ABC News. Call after call, Mosby said she began to feel a discomfort set in that she couldn’t shake.

Read it all.

Posted in Economy, Health & Medicine, Labor/Labor Unions/Labor Market, Psychology

(Gallup) Ethics Ratings of Nearly All Professions Down in U.S.

Americans’ ratings of nearly all 23 professions measured in Gallup’s 2023 Honesty and Ethics poll are lower than they have been in recent years. Only one profession — labor union leaders — has not declined since 2019, yet a relatively low 25% rate their honesty and ethics as “very high” or “high.”

Nurses remain the most trusted profession, with 78% of U.S. adults currently believing nurses have high honesty and ethical standards. However, that is down seven percentage points from 2019 and 11 points from its peak in 2020.

At the other end of the spectrum, members of Congress, senators, car salespeople and advertising practitioners are viewed as the least ethical, with ratings in the single digits that have worsened or remained flat.

Read it all.

Posted in * Culture-Watch, America/U.S.A., Anthropology, Ethics / Moral Theology, Labor/Labor Unions/Labor Market

(Washington Post) Older workers are a growing share of the workforce

Americans 65 and over are playing a larger role in the labor force, shifting the composition of U.S. workers and reflecting a new reality where retirement has become a more gradual process for many.

The share of older Americans who are working, by choice or necessity, has doubled in the past 35 years, according to a report released Thursday by the Pew Research Center. Workers 65 and over also are working longer hours and making more money than they were in the past.

“In some ways, this isn’t surprising: We’re an aging society,” said Richard Fry, a senior researcher at Pew Research Center and lead author of the study. “But it isn’t just that there are more older adults in the workforce, it’s that a larger share of them are working. And it tends to be better-educated, older adults with a college degree.”

Read it all.

Posted in * Economics, Politics, Aging / the Elderly, Economy, Labor/Labor Unions/Labor Market

(WSJ) Johnson and Johnson Hired Thousands of Data Scientists. Will The Strategy Pay Off?

Johnson & Johnson is making one of the biggest bets in the healthcare industry on using data science and artificial intelligence to bolster its work.

The 137-year-old pharmaceutical and medical-device company has hired 6,000 data scientists and digital specialists in recent years, and spent hundreds of millions of dollars on their work, such as using machines to scour massive health-record datasets. Last year the company opened a state-of-the-art research site near San Francisco that houses advanced data science.

Some early efforts focus on diagnostics, like an algorithm that analyzes heart tests to spot a deadly type of high blood pressure much sooner than humans can, and voice-recognition technology to analyze speech for early signs of Alzheimer’s disease. There’s a virtual-reality goggle set to help train surgeons on procedures like knee replacements.

The long game, though, is a goal that has seen a lot of hype but less concrete proof that it will become a reality: using AI for drug discovery.

Read it all.

Posted in * Economics, Politics, Corporations/Corporate Life, Economy, Labor/Labor Unions/Labor Market, Science & Technology

(Bloomberg BW) Just How Bad Is the US Cost-of-Living Squeeze? We Did the Math

After years of inflation, US consumers are shouldering a burden unlike anything seen in decades — even as the pace of price increases has slowed.

It now requires $119.27 to buy the same goods and services a family could afford with $100 before the pandemic. Since early 2020, prices have risen about as much as they had in the full 10 years preceding the health emergency.

It’s hard to find an area of a household budget that’s been spared: Groceries are up 25% since January 2020. Same with electricity. Used-car prices have climbed 35%, auto insurance 33% and rents roughly 20%.

Those figures help explain why Americans continue to register strong dissatisfaction with the economy: Consumers’ daily routines have largely returned to their pre-pandemic normal, but the cost of living has not.

Read it all.

Posted in * Economics, Politics, Economy, Labor/Labor Unions/Labor Market, Personal Finance

(CNBC) Gen Z, millennials have a much harder time ‘adulting’ than their parents did, CNBC/Generation Lab survey finds

Gen Z and millennial adults are having a hard time achieving the same milestones their parents did when they first ventured out into the workforce.

For instance, 55% of young adult respondents find it is “much harder” to purchase a home, 44% said it is harder to find a job and 55% said it is harder to get promoted, according to a Youth & Money in the USA poll by CNBC and Generation Lab.

The survey polled 1,039 people between ages 18 and 34 across the U.S. from Oct. 25 to Oct. 30.

“This is purely a snapshot of what young people perceive their lives to be like compared to their parents,” said Cyrus Beschloss, founder of Generation Lab, an organization that built the largest respondent database of young people in America.

Read it all.

Posted in * Culture-Watch, America/U.S.A., Children, Labor/Labor Unions/Labor Market, Marriage & Family, Young Adults

(USA Today) Hardship withdrawals from Fidelity Investments 401(k) accounts have tripled in five years

More people are making hardship withdrawals from their 401(k) accounts, raiding retirement funds to cover emergency medical expenses or to avoid losing a home.

Hardship withdrawals from Fidelity Investments 401(k) accounts have tripled in five years, according to a report from the investment firm. The share of plan participants withdrawing money rose from 2.1% in 2018 to 6.9% in 2023.

“It’s a big problem, and it’s a growing problem,” said Kirsten Hunter Peterson, vice president of thought leadership at Fidelity.

Vanguard reports that hardship withdrawals have doubled in a four-year span, from a monthly rate of 2.1 transactions per 1,000 participants in 2018 to 4.3 in 2022.

Read it all.

Posted in * Economics, Politics, Aging / the Elderly, Economy, Ethics / Moral Theology, Labor/Labor Unions/Labor Market, Pensions, Personal Finance & Investing

(Gallup) In a Tight Labor Market, Employees Bear the Burden

Fifty-eight percent of employees say their organization has asked workers to take on additional responsibilities, according to Gallup’s first-quarter survey of the U.S. workforce.

This comes in the middle of a tight labor market. Job openings remain high, and layoffs have fallen below 2019 levels, according to the BLS.

One consequence of a labor shortage is a higher demand for individual worker productivity. Employers look to their current workforce to fill the gaps of essential job openings that remain unfilled.

However, the risk is increased employee stress and burnout. When employees say that their organization has asked them to take on additional responsibilities, they are also:

–2.5x as likely to feel burned out at work very often or always
–55% more likely to watch for or actively seek a new job
–39% less likely to be engaged at work
–half as likely to think their employer cares about their wellbeing

Read it all.

Posted in * Economics, Politics, Economy, Labor/Labor Unions/Labor Market

(Washington Post) Sitting all day increases dementia risk — even if you exercise

In news that we shouldn’t take sitting down, a study just published in JAMA finds that people who stay seated for long hours at work and home are at much higher risk of developing dementia than people who sit less.

The negative effects of extended sitting can be so strong, researchers found, that even people who exercise regularly face higher risk if they sit for much of the day.

The study, which involved 49,841 men and women aged 60 or older, “supports the idea that more time spent in sedentary behaviors increases one’s risk of dementia,” said Andrew Budson, a professor of neurology at Boston University and author of “Seven Steps to Managing Your Aging Memory,” who was not involved with the study.

The results also underscore just how pervasive the consequences of sitting can be, affecting our minds, as well as our bodies, and they hint that exercise by itself may not be enough to protect us.

Read it all.

Posted in Anthropology, Health & Medicine, Labor/Labor Unions/Labor Market

(WSJ) American Labor’s Real Problem: It Isn’t Productive Enough

For the United Auto Workers, it makes perfect sense to demand more pay and better work-life balance from Detroit’s three automakers. After all, workers throughout this historically tight labor market are getting exactly that. But what makes sense to striking factory workers makes no sense for manufacturing as a whole.

Pay is ultimately tied to productivity: the quantity and quality of products a company’s workforce churns out. And here, American manufacturing companies and workers are in trouble.

The issue isn’t with labor-intensive products such as clothing and furniture, which largely moved offshore long ago. Rather, it’s in the most advanced products: electric cars and batteries, power-generation equipment, commercial aircraft and semiconductors. President Biden might be celebrating a manufacturing renaissance based on new factories, but the share prices of former manufacturing icons Ford Motor, Intel, Boeing and General Electric suggest skepticism is warranted about the durability of this renaissance: All are at a fraction of all-time share-price highs.

Read it all.

Posted in * Economics, Politics, Economy, Labor/Labor Unions/Labor Market

A Prayer for Labor Day

On this three day weekend, when we rest from our usual labors, loving Father, we pray for all who shoulder the tasks of human laboring the marketplace, in factories and offices, in the professions, and in family living.

We thank you, Lord, for the gift and opportunity of work; may our efforts always be pure of heart, for the good of others and the glory of your name.

We lift up to you all who long for just employment and those who work to defend the rights and needs of workers everywhere.

May those of us who are now retired always remember that we still make a valuable contribution to our Church and our world by our prayers and deeds of charity.

May our working and our resting all give praise to you until the day we share together in eternal rest with all our departed in your Kingdom as you live and reign Father, Son, and Holy Spirit, one God, forever and ever. Amen.

–-The Archdiocese of Detroit

Posted in Labor/Labor Unions/Labor Market, Spirituality/Prayer