Campaign News

Left-leaning groups affiliated with the Fed Up campaign, including CREDO Action, the Working Families Party and Daily Kos, estimate that over 400 of their members called the Federal Reserve Board of Governors’ public comment hotline and the phone numbers of the Fed’s special economic advisers late last week and early this week to express opposition to an interest rate hike. The activists, along with many liberal economists, believe the Fed should wait for higher wage growth before raising rates. 

Around 9 a.m. Monday, activists reported being unable to record additional messages on the public comment hotline because it apparently was full, according to Fed Up. This continued for another two to three hours. 

The Federal Reserve Board of Governors’ communications office declined to confirm the account or otherwise comment on the calls. 

The Fed Up campaign’s opposition to an interest rate hike is part of a broader goal of making the Fed more accountable to average workers and their concerns. Fed Up convened dozens of grassroots activists to make their case to Fed officials in person at the Kansas City Fed’s Jackson Hole symposium in late August.

The Fed’s inability to receive more phone calls confirms it is "unused to actual public engagement," Fed Up campaign director Ady Barkan wrote in an email to The Huffington Post. 

The Fed’s Federal Open Market Committee is meeting on Wednesday and Thursday to decide whether to raise its benchmark interest rate, and plans to announce its decision Thursday afternoon. The Fed has indicated it may decide to raise the rate slightly above the near-zero level, where it has remained since December 2008. 

Proponents of an interest rate hike note that the official unemployment rate is down to 5.1 percent and argue that although inflation is well under the Fed’s 2 percent target, it is better to raise rates gradually sooner to avoid having to take more dramatic action later. 

Opponents of a rate hike, however, observe that the official unemployment rate does not account for people who have given up looking for work or are working part-time involuntarily. That is why they believe the declining unemployment has not been accompanied by more significant wage growth.

"Millions of working families know from their own experiences that the economy is still struggling," said Murshed Zaheed, deputy political director of CREDO Action, in an email statement. "Intentionally slowing down the economy now would reduce job creation and prevent wage growth. It’s the last thing the Fed should be doing."

Source: Huffington Post

One of the reasons Mustafa Muhammed finally broke down and bought a smartphone was because he needed to find a job.

The 57-year-old cook was tired of using a library computer to look for work and watching friends get a jump on leads via alerts on their phones. After picking up his first phone about two years ago, he downloaded a mobile app called Snagajob. This summer he landed a gig at a new IHOP opening in Harlem after seeing it pop up in his inbox.

“This is job No. 2,” says Muhammed, who also works in the dining hall at Fordham University. “I wanted to pick up a little something extra for the summer. I don’t like to be lazy.”

Snagajob is one of a slew of apps that have sprung up in recent years to serve the so-called gig economy. This year alone human-resources startups have attracted $1.2 billion in venture capital, with much of the funding going to companies designed to profit from the fluid nature of temporary or contract work, according to research firm CB Insights. In an election year dominated by concerns over economic inequality, Hillary Clinton and Donald Trump are pledging to generate more full-time jobs. But Silicon Valley is betting the gig economy is here to stay.

“Two or three years ago, it was pretty rare to have more than one job” says Snagajob.com Inc. Chief Executive Officer Peter Harrison. “Now it’s really very common. What we are really building our business on is the blurring of the line between snagging a job and snagging a shift.”

Founded in 2000 as an online job board focused on “lightly skilled” hourly work, Snagajob says it has nearly doubled revenue derived from employers in the past three years. It claims 10 million unique monthly users and about 425 employees. In June, the Virginia company unveiled a mobile messaging app that lets employers assign shifts and lets workers trade them.

Snagajob charges employers for the number of clicks, applicants, interviews and hires it lines up. It also sells annual subscriptions for use of its hiring software. Harrison, 53, declines to specify revenue but says Snagajob is breaking even. In February, the startup raised $100 million to develop new features and fund acquisitions. The same month, Snagajob announced a partnership with LinkedIn, which has typically represented salaried professionals, to share research and data on hourly workers.

Similar apps are taking off in Europe, as well. Spain, with a large service sector and 20 percent unemployment, has become a testing ground for startups bringing the simplicity of swipes, geolocation and people-matching algorithms to hourly job recruitment. Three of them -- Job Today, Jobandtalent and CornerJob -- have raised some $87 million combined this year.

Job Today helps restaurants and retail mom-and-pops find and interview waiters, sales associates and drivers. Employers can post as many jobs as they like and have 24 hours to shortlist candidates, after which they use a chat feature to discuss the job and schedule face-to-face interviews. Posting a position on Job Today is gratis for now. Eventually, it plans to sell subscriptions that will let employers browse candidates and post jobs on an unlimited basis. The startup says it has about 100,000 business customers and has processed 15 million job applications since its founding a year ago.

Workforce trends are moving in favor of these apps as more people prefer to choose their own hours. In the U.S., even if they would rather work full-time, government policy has increased the incentive for companies to hire temps and contract workers, Snagajob’s Harrison says. To avoid providing health care as mandated by Obamacare, many businesses deliberately ensure workers toil less than 30 hours a week. They may also prefer temps to avoid paying overtime now that the Obama administration has expanded eligibility to millions more Americans.

According to research from Harvard and Princeton universities, “alternative work arrangements” -- including temp work, on-call work, contractors, and freelancers -- accounted for all the net employment growth in the U.S. from 2005 to 2015. That trend is widely expected to continue.

“These new labor platforms are helping people deal with the volatility of their income and the volatility of work,” says Louis Hyman, a professor of economic history at Cornell University’s ILR School and author of a forthcoming book on the rise of temp work in the U.S. “The tech reflects social reality.” Snagajob’s Harrison says companies are “essentially sharing workers” much the way consumers are sharing car rides and vacation rentals.

A handful of large deals, crowned by Microsoft’s $26 billion acquisition of LinkedIn, has fueled investor enthusiasm. In June, Monster Worldwide Inc. bought San Francisco-based Jobr, which applies Tinder-like matching algorithms to job hunters and employers. Last month, Tokyo’s Recruit Holdings, which controls top-ranked job search site Indeed Inc., bought Simply Hired, which operates a global network of job search engines.

Of course, not everyone is as enamored of the gig economy as the tech industry. “This glorification of flexibility is not in line with the reality of what most working people really want,” says Carrie Gleason, who runs the Fair Workweek Initiative, a network of activist groups that has pushed for laws to support predictable scheduling and guaranteed hours in low-wage industries. Shift-swapping is “a survival tool,” she says. “It is not the ideal.”

By Polly Mosendz

Source

Nationwide, more than 38 million women work in hourly jobs. Most women, and most Americans, are paid by the hour, yet today’s workweek is changing—the 40 hour workweek and the 8-hour day are no longer the norm for a significant part of this workforce.

Our nation’s workplace protections are badly out of sync with the needs of today’s working families and we need policies that provide everyone an opportunity to get ahead. Particularly, labor standards have not kept up with rapid changes to the fastest growing industries like retail, healthcare, and food service. Part-time workers in the service sector—overwhelmingly women—have borne the greatest burden of these new just-intime scheduling practices, which have largely gone unregulated. But what begins in these sectors will soon spread, as the distinctions between part-time and full-time work grow increasingly blurred, and more and more Americans experience work hour instability and economic uncertainty.

Women − over a third of whom work part-time in order to juggle economic survival, family responsibilities, and advancing their careers − are at the greatest risk of being further marginalized in the workforce if unsustainable scheduling practices on the part of employers go unchecked. As we seek to create family-sustaining jobs in the burgeoning service sector, we must also consider scheduling practices in low-wage employment. Without an update to labor standards for these workers, more and more workers across the economy will be subject to this type of extreme economic uncertainty. New policies that ensure predictable schedules, give employees a voice in their schedules, ensure quality part-time employment and access to stable, full-time schedules will improve the lives of working people in general and especially benefit working women and mothers.

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The protesters who cornered Flake just before he voted on Kavanaugh's confirmation spoke out about why they did it.

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