– Economic Policy Institute
President Trump’s Department of Labor has proposed a rule that would allow restaurants to take the tips from servers and redistribute them among un-tipped staff such as dishwashers. But it doesn’t require that those tips be redistributed among un-tipped staff – so legally, as long as the tipped employees are paid minimum wage, the restaurants can just keep the confiscated money. The Economic Policy Institute estimates that under the new rule, employers would pocket about $6.1 billion in employees’ tips annually, or some 16.9 percent of all annual tips.
– The New York Times
The recent outpouring of complaints from women about mistreatment in the workplace has included numerous accounts of being ignored, stymied or retaliated against by human resources units – accounts that portray them as part of the problem, not the solution.
– The Wall Street Journal
In case there was any doubt that e-commerce has reshaped the retail landscape, the federal reserve is now reporting that consumer’s online purchasing habits are impacting (mitigating) inflation.
“Take a deep breath and calm down,” write the authors of a recent study on how technology will impact jobs. Futurists and Silicon Valley-types worried about robots and artificial intelligence taking over for humans are overly alarmed, they say, adding that it is misleading when people like the World Economic Forum’s Klaus Schwab say that “the speed of current breakthroughs has no historical precedent.”