☰
HomeLiving Beyond BordersGZERO WorldSignalIn 60 SecondsPuppet RegimeGZERO World PodcastContact UsAbout UsCareersPrivacy PolicyTerms

Power to the workers? What historical trends suggest about newfound employee influence

August 10, 2022
GZERO Staff
Power to the Workers? What Historical Trends Suggest About Newfound Employee Influence | GZERO World

youtu.be

During the initial stages of COVID, Americans responded to shortages of basic items by making them domestically.

That's a blip that'll likely end once the economy (really) goes back to normal, says economist and University of Chicago professor Austan Goolsbee.

"Why," he asks Ian Bremmer on GZERO World, "do we have a giant warehouse full of socks that we made here that we could buy on the open market for one third the price, and we could just have shipped here when we need them?"

The same can be said of workers having more bargaining power with corporations. Goolsbee believes that sooner or later employers will regain the upper hand, while remote work will come with strings attached.

Watch the GZERO World episode: Explaining inflation & what's next for the US economy
From Your Site Articles

More from GZERO Media

South Africa still struggles with inequality 30 years after apartheid

Members of the armed wing of Nelson Mandela's African National Congress line up waiting to vote in a military base north of Pretoria, on April 26, 1994.
REUTERS/Corinne Dufka

On April 27, 1994, Black South Africans went to the polls, marking an end to years of white minority rule and the institutionalized racial segregation known as apartheid. But the “rainbow nation” still faces many challenges, with racial equality and economic development remaining out of reach.

"Patriots" on Broadway: The story of Putin's rise to power

"Patriots" on Broadway: The story of Putin's rise to power | GZERO Reports

youtu.be

“Putin was my mistake. Getting rid of him is my responsibility.” It’s clear by the time the character Boris Berezovsky utters that chilling line in the new Broadway play “Patriots” that any attempt to stop Russian President Vladimir Putin’s rise would be futile, perhaps even fatal. The show opened for a limited run in New York on April 22.

How campus protests could influence the US presidential election

TITLE PLACEHOLDER | GZERO US Politics

youtu.be

Campus protests are a major story this week over the Israeli operation in Gaza and the Biden administration's support for it. These are leading to accusations of anti-Semitism on college campuses, and things like canceling college graduation ceremonies at several schools. Will this be an issue of the November elections?

From the inside out: Is Columbia’s campus crisis calming down?

The view Thursday night from inside the Columbia University campus gate at 116th Street and Amsterdam in New York City.
Alex Kliment

An agreement late Thursday night to continue talking, disagreeing, and protesting – without divesting or policing – came in stark contrast to the images of hundreds of students and professors being arrested on several other US college campuses on Thursday.

Supreme Court divided over Trump’s absolute immunity claims

U.S. President Donald Trump speaks with Judge Amy Coney Barrett after she was sworn in as an associate justice of the U.S. Supreme Court on the South Lawn of the White House in Washington, U.S. October 26, 2020.
REUTERS/Jonathan Ernst

Some of the conservative justices (three of whom were appointed by Trump) expressed concern that allowing former presidents to be criminally prosecuted could present a burden to future commanders-in-chief.

Rafah braces for Israeli invasion as famine looms

A Palestinian woman inspects a house that was destroyed after an Israeli airstrike in Rafah, April 24, 2024.
Abed Rahim Khatib/Reuters

“We are afraid of what will happen in Rafah. The level of alert is very high,” Ibrahim Khraishi, the Palestinian ambassador to the United Nations, said Thursday.

New chapter for Haiti as Henry steps down

Haiti's new interim Prime Minister Michel Patrick Boisvert holds a glass with a drink after a transitional council took power with the aim of returning stability to the country, where gang violence has caused chaos and misery, on the outskirts of Port-au-Prince, Haiti April 25, 2024.
REUTERS/Pedro Valtierra

Haiti’s Prime Minister Ariel Henry formally resigned on Thursday as a new transitional body charged with forming the country’s next government was sworn in.

Blinken meets with Xi, but no breakthroughs

U.S. Secretary of State Antony Blinken arrives at the Beijing Capital International Airport, in Beijing, China, April 25, 2024.
Mark Schiefelbein/Pool via REUTERS

US Secretary of State Antony Blinken brought up concerns over China's support for Russia with his counterpart Wang Yi in Beijing on Friday, before meeting with Chinese President Xi Jinping.

Slogans of war

Flags from across the divide wave in the air over protests at Columbia University on Thursday, April 25, 2024.
Alex Kliment

Of the many complex, painful issues contributing to the tension stemming from the Oct. 7 Hamas massacre and the ongoing Israeli attacks in Gaza, dividing groups into two basic camps, pro-Israel and pro-Palestine, is only making this worse. GZERO Publisher Evan Solomon explains the need to solve this category problem.

About UsCareers PressContact Us Privacy PolicyTerms of Use
© 2020 GZERO Media. All Rights Reserved | A Eurasia Group media company.