#labor market

#labor market

The Federation of Malaysian Business Associations stated that a blanket work-from-home policy could cost the Klang Valley hundreds of millions of ringgit a month, emphasizing that these losses are expected to be 1.9x to 2.9x higher than the projected savings of widespread work-from-home arrangements.

Remote work not only increases worker efficiency but also helps state workers who are struggling to pay bills. It costs state workers roughly $6,000 a year to come into office four times a week.

Canada's economy added a modest 14,000 jobs in March, following major job losses during the first two months of the year, with the unemployment rate unchanged at 6.7 percent.

"For the first time, a rigid office attendance mandate has been broken and replaced with a more sensible, flexible approach based on what actually works," General Secretary Fran Heathcote said. "This has been a long campaign and reaching a deal members could accept reflects the determination of PCS members at ONS, the hard work of their reps and the value of trade unionism."

Ciriello lost his job and couldn't find work for nearly a year, leading to significant financial hardship for his family, who lived in motels and later in a car.

Perks have vanished, in-office mandates are on the rise, and layoffs continue even as profits hold up - changes that reflect a system that prioritizes shareholder returns over stakeholder capitalism and corporate loyalty. With job openings thinning, wages struggling to keep pace with inflation, and AI looming as a threat to entire occupations, the recalibration is altering how advancement and compensation are determined inside companies.

We introduce a new measure of AI displacement risk, observed exposure, that combines theoretical LLM capability and real-world usage data, weighting automated (rather than augmentative) and work-related uses more heavily. AI is far from reaching its theoretical capability: actual coverage remains a fraction of what's feasible.