Economy And Labor News

The latest economy and labor stories, summarized by AI

Wisconsin Grassroots Battle Maps Blueprint to Push Back AI Data Centers

Wisconsin residents, led by DeForest organizers, blocked a Blackstone-backed QTS data center annexation, illustrating a growing nationwide grassroots playbook against private-equity–backed data-center expansion and its potential to raise energy costs and strain water resources, while urging stronger regulations on data centers and privatized utilities.

13 days ago•Source: Truthout

"2024 Pay Raise Prospects Dim as U.S. Job Market Levels"

economy-and-labor

2.88 min•2 years ago

"2024 Pay Raise Prospects Dim as U.S. Job Market Levels"

U.S. workers are expected to receive smaller raises in 2024, with companies planning an average salary increase of 4%, down from 4.4% in 2023. This trend is attributed to a cooler job market and is unlikely to reverse soon, according to labor experts. The demand for labor, which surged post-pandemic, has now moderated, leading to less aggressive wage growth compared to the "great resignation" period. Despite the decrease, the projected raises are still higher than the post-2008 financial crisis average of 3%. Companies are balancing the need to be competitive with the risk of overextending budgets, which could lead to layoffs.

via CNBC