#ActorsAndWritersStrike #RevenueStreams #TechnologicalChanges #jobs #workers
Television actors and writers are on strike over residual pay and their futures with artificial intelligence.
This is not a simple dispute, with big-money studios taking more profits out of the hides of those who create their products.
The whole media revenue stream is changing, with streaming subscriptions becoming a bigger part of the revenue stream, vs. advertising.
In general, subscription revenue is lower than advertising revenue.
Print newspapers went through this a few years ago. Advertising revenue fell, subscriptions dropped etc. There was a big bloodletting of jobs in that industry at the time.
Now, as more people are cutting the cord to cable, and streaming their entertainment online, revenue for cable providers is dropping. Fewer people are watching “regular” TV, and that number keeps dropping with time.
With such unsustainable revenue declines, the studios and networks have to do something.
It’s understandable, with the comings and goings of shows, that actors and writers feel their pay is dropping. Of course, it’s not really dropping for the big-time stars. It’s just for the soldier actors who provide smaller parts, background personnel (extras) etc.
These folks are NOT raking in the big bucks, even when they have plenty of work.
They are working people, just like carpenters, plumbers and other unionized professions – if those professions are fortunate enough to still be unionized.
As for artificial intelligence replacing some of these folks, studios should be aware that there is NO substitute for raw, human creativity. Certainly, human brains will be at the wheel when AI “creates,” but AI would simply copy past likenesses, for which those actors probably will not get residual pay. Or, if they do, it won’t be nearly as much as they would make for live appearances.
Technology can be a godsend for consumers. Getting something useful, or entertaining, for less money is a goal for every consumer, no matter what one buys.
But, we all have to remember that the less we may pay for something, the more people are going to lose jobs, careers and livelihoods.
Just as elections have consequences, technological revolutions have consequences. The difference is we can change electoral results at the next election. We can’t stop technological revolutions. That’s why no one can go home at night from work and believe he or she can never be replaced.
When the replacement comes, it comes as a shock to those affected. It’s important for everyone to have multiple revenue streams in their households.
Some machines can do things better than humans. Usually, the human touch adds quality to any product or service.
If companies care about quality – most say they do – they need to reckon with new revenue streams without compromising that quality.
If you work for a company facing revenue challenges, don’t just complain about how much executives are making. (It can easily be argued that executives make too much in most companies).
You have to figure out how your future will be impacted, and act accordingly. All the complaining in the world about executive pay isn’t going to change things. Some companies might be wise to curtail some executive pay to keep some of their best workers, if that’s what it takes.
As the world changes, we all have to change with it, or be left behind.
Peter
Tag Archives: workers
GREAT RESIGNATION ENDING?
#GreatResignation #jobs #workers #employees #employers
Recent reports have said the so-called “Great Resignation” is ending.
Presumably, that would give employers more leverage, since people aren’t quitting their jobs in droves anymore.
Part of the reason The Great Resignation is ending may be that employers are taking better care of their employees, so they are staying put.
A warning to employers: Don’t get to confident in the leverage you may think you are getting back.
There are still labor shortages in lots of areas. New jobs, particularly in clean energy, electric vehicles and other new technology, are being created in good numbers.
Still, people staying with their employers can be a good sign for employees. Job hopping, though sometimes necessary, is not fun. A good stable work environment makes life better for most workers.
A warning for employees: Don’t presume your good, stable work environment will last as long as you want it to. In fact, other reports are showing employers going back to converting full-time positions to part time.
Today’s companies have to be flexible, and change with technology. They will be looking to shift costs and find efficiencies daily. Therefore, today’s stability can be tomorrow’s uncertainty. And, you won’t know when that change occurs, until it does.
The pandemic taught everyone that good jobs, and good employees, are both desirable. Employers constantly are working constantly to find the sweet spot of happy workers, happy customers and good profits.
Many employers have stepped up – most out of necessity – to take care of their workers as best as they can.
If you are happy with your work situation, keep it for as long as you can. But, have an eye out for changes that you can anticipate. Remember, if you see waste and redundancy in your workplace, it won’t be long before your boss sees it, too.
If you find yourself becoming no longer necessary, look for something else.
Remember, too, that there will be changes you cannot anticipate. Therefore, have a plan for the day you walk into work, only to find you are being laid off.
One such plan may start as a so-called side hustle. Income diversity eases unanticipated change. And, some side hustles can turn into full-time endeavors, or better.
While you are in your current job, try to be as useful as you can be. Show your employer – not necessarily in a flashy sense – how much you can do and how well you can do it.
In the past, workers were often advised to keep their heads down, lest they be chopped off.
That does not work today. As an employee, visibility is essential. Remember, too, that just being seen is not enough. Be seen and be useful to the maximum extent possible.
By most accounts, today’s workplaces are better than they were a few years ago. Still, that doesn’t mean anyone – employers or employees – should be complacent.
In today’s world, good situations seldom last for as long as the people experiencing them want them to.
Therefore, be visible, be diligent and be wary.
Peter
WORKERS, PAY AND JOBS
#workers #pay #jobs #employers #employees
A local company was looking for “medical professionals” for $12 to $15 per hour, according to an electronic billboard.
Just down the street, at Buc-ees, they are paying non-professional labor up to $16 per hour.
And, Buc-ees has 401(k) matches, paid time off and other benefits.
It’s unclear what else you would get at the local company looking for “medical professionals.”
This contrast illustrates today’s labor market. In fairness to the local company, it’s unclear what type of “medical professionals” they are looking for. If they are looking for nurses, for example, it’s doubtful in this market that any nurse would work for so little, unless there was some other, overriding benefit to working there.
Buc-ees, a chain of highway rest stops that tout clean restrooms, loads of gas pumps, electric charging stations and an array of food and other items, is more like a Wal-Mart, in size and variety, than your basic convenience store/gas station.
Buc-ees makes no bones about wanting to take care of its work force as best it can.
More employers are encouraged – perhaps being forced – to be more rewarding to its workers, given the staffing shortages in nearly every industry.
It’s worth noting that some of the higher paid professional classifications, as in technology and media, are laying off people these days. These folks are likely to land on their feet in this labor market.
The COVID-19 pandemic changed the labor landscape perhaps forever. As businesses closed to prevent disease spread, workers lost their jobs in large numbers, or had to work from home. As they are now gradually coming back into the workforce and workplaces, they are re-evaluating what’s important in life.
It’s dangerous, particularly for employers, to give workers a lot of time to think.
The workers who are re-evaluating their situations are not, for the most part, lazy and just want to stay home. Their safety, their children’s education — kids had to go to school from home, too – and other factors are causing them to calculate whether what they were doing before Is worth going back to. As day-care options dried up during the pandemic, parents are now left looking hard for affordable child care, so they can go back to work.
Couple that with new, post-pandemic demand for goods and services unavailable for a long time, and they add up to more choices for workers.
More choices for workers mean more competition by employers.
This is good for all concerned. Certainly, we are all paying higher prices for things largely because employers have to give workers more. But, in the long term, both employers and employees will benefit.
Employers will have to try to find the sweet spot between not alienating customers with higher prices, and attracting and keeping workers.
This effort should create better places to work, and, ultimately, better products and services.
The employees will be compensated better on the job, although they may lose some that benefit through higher prices for things they need. Still, they will, as a whole, be better off in the long run than they were.
If you are a worker, evaluate your options with care, now that you have more of them. If you are an employer, find that sweet spot quickly, hire good people and your business should thrive in the long term.
Peter
CRAFT A RESUME THAT TELLS WHAT YOU DID
#resumes #JobInterviews #managers #prospects #jobs #workers
In separate ads for Wavely, the job-searching platform, a hiring manager is looking for that special something in a prospect that his or her resume does not reveal.
The second ad shows the prospect hoping the hiring manager will find her to be the perfect candidate.
Thus, we have the competitive world of hiring.
In the past, resumes were seen as a tool to hire or get hired. Prospects tried to craft a resume that would make him or her stand out in a pile.
The resume evolved from simply listing job titles, duties and years of experience to trying to convey how the prospect brought value to the company he or she worked for. In other words, the resume turned from a roster of experience to a story of experiences.
In today’s hiring world, in many cases, there are fewer prospects for every job.
So, how does one stand out? One has to tell his or her story, as briefly as possible.
Hiring managers, in most cases, do not want to read long narratives. But they want to know not only what the prospect did – job titles seldom reveal that – but how effective the prospect was. That involves telling the hiring manager how the prospect’s effort(s) either made money for the company, saved the company money or added some other value to the company.
That’s a tall order for many applicants. Many see themselves as a performer of routine tasks – tasks the employer finds vital, but not necessarily game-changing.
How does a prospect who has experience as a clerk, for example, convey his or her value?
Perhaps the prospect can tell, briefly, how he or she helped his or her boss succeed.
Or, he or she could spell out how much time he or she saves his or her boss.
In short, stories sell, and everyone has stories.
In the past, many hiring managers didn’t always know what they wanted in an ideal candidate. They had to know it when they saw it (in a resume).
Today, hiring managers largely know what they want, and it’s up to the prospect to display that. Certainly, a hiring manager can still stumble upon an unusual candidate. But, generally, the managers have pictures in their mind of what the ideal candidate is.
For the candidates, overselling oneself can be fraught with peril. Truthfully telling your value is usually the best avenue.
Confidence is also a good trait for candidates. It’s not easy to display confidence in a resume, but, if a prospect gets as far as the interview, that’s when he or she can display confidence.
Hiring is not always easy. Getting the right job is not always easy.
For the prospect, the job description does not tell you everything. For the manager, the resume does not always tell you everything.
But both can give some clues about the job, or the candidate. One may have to get further into the process to know whether a job and a candidate are a match.
In summary, if you are looking for a job, have your resume tell the employer what you did, rather than what job you had. For the employer, look to find out what the prospect did, rather than the job he or she held.
May all managers and job seekers find the perfect matches.
Peter
WORKPLACES ARE CHANGING; WORKERS’ ATTITUDES ARE, TOO
#workplaces #workers #pay #benefits #childcare #COVID19 #coronavirus #FlattenTheCurve
The pandemic changed everything.
First, it gave workers a bit more leverage in how they deal with work/life balance.
That has good, and bad, effects.
Workers are leaving jobs that paid little, with no flexibility in their lives, to either stay home with children – day-care costs are rising and options are limited – or moving on to jobs that pay more and, perhaps, offer some of the flexibility they want.
A story by Marc Fisher for the Washington Post, and a “This Life” column by Nedra Rhone tackle this issue in detail. Both were published Dec. 30, 2021, in The Atlanta Journal-Constitution.
The Post story focuses on Liberty County, Ga., along the state’s coast. Liberty is a small county, with a major military institution, Ft. Stewart, as its biggest employer.
But the county is growing by adding big warehouses. These allow people to leave the small, mom-and-pop hotel and restaurant jobs for higher-paying, and often more flexible, warehouse work.
That hurts the lower-paying sole-owner businesses, causing them to cut back on hours, service etc., for lack of help.
Some employees had been laid off when many of these operations shut down. When they reopened, many of the workers did not return, for various reasons – not the least of which is the risk of being infected with COVID-19.
Meanwhile, Rhone’s column discusses the differences among various generations in how they react to changing workplaces.
The youngest generation of workers had their world turned upside down. Many now want to be entrepreneurs, meaning they may never work for anyone but themselves in their lives.
(What these young folks may not realize is that working only for oneself may have its own pitfalls. They still have to serve clients, who will be their ultimate employers).
So, all of this begs the usual question: where do you fit in this changing workplace?
Is the idea of going back to work too risky? Or, is it going to cost you more to go back to work (commuting, day care etc.) than you would make?
In summary, workplaces are changing. Workers no longer feel forced to take, or go back to, jobs that put them at risk, will cost them more to work than not, and not get a good return from the employer(s).
Employers currently are adapting by cutting back on things that could decimate their businesses. They have to find more creative ways to entice people from multiple generations, who have different hopes, dreams and attitudes toward the workplace.
To quote Donald Lovette, chairman of the Liberty County, Ga., Commission, from the Post story: “It’s not that people are lazy. It’s that some of them are better off financially by not paying for child care, staying home for a while … It’s simple economics.”
Employers, even those in basic businesses like hospitality and restaurants, have to come up with new ways to get and keep workers.
Peter
LABOR SHORTAGES TO AFFECT SUMMER VACATIONS, TRAVEL
#LaborShortages #SummerTravel #labor #jobs #workers #employers
Resorts, restaurants and other entertainment venues are reporting labor shortages.
These employers say the number of applicants for work at summer hot spots are down. They may not be able to fill the jobs they have available.
NBC News reported on this problem May 15, 2022.
There are a number of issues here. First, these jobs are usually seasonal. The ideal applicant is a college or a high school student out of school for the summer.
Why aren’t they applying? There could be a number of reasons, but suffice it to say that the workplace, in general, is changing.
Since the pandemic, workplace safety is a bigger concern than ever. These young folks may be more cautious about a job that involves interacting with a lot of people, particularly if they don’t know the vaccination status of those people. After all, they don’t want to get sick, or worse, over a job.
Also, many of these jobs, particularly in hospitality, don’t pay well. As employers of all stripes are fighting over fewer workers, perhaps these students may have found other, more lucrative and less stressful job options.
Thirdly, as much as kids want to hang at, say, a beach area for the summer, what are their housing options, and are they affordable? No one wants to spend everything they earn to eat and sleep near a resort workplace.
These labor shortages contribute to the inflation we all see. If employers have to pay more to attract workers, customers will have to pay more.
That goes for every link in the supply chain. If there are labor shortages at the end of the chain, there are probably labor problems throughout.
It’s great for the economy for workers to have options. As an employer, perhaps you have to make working for you a better option. You have to find the “sweet spot” that makes you, your employees and your customers happy. It’s a tough balance for some establishments, so one has to be creative to make it work.
If you are a worker, by all means evaluate any available option you have. Money is certainly important, but a work situation that fits your needs and that you like is critical. Otherwise, you will not be happy no matter how much they pay you.
For the first time in a long time, workers are in the driver’s seat in many instances. These workers, in general, are NOT sitting home collecting government checks. They want to work, but also want to be treated well, want to feel safe and secure and want to feel, for lack of a better term, at home.
It can be a tall order to create an ideal workplace. Certainly, some jobs or tasks will be no one’s favorite thing to do. But the employer has to make those burdensome, necessary jobs and tasks as rewarding as possible.
The old idea of ruling a workplace with an iron fist will not attract or retain the best workers.
You need rules, certainly, but you also need an atmosphere that workers want to be in and want to make even better.
You might be surprised to learn that you can create such a workplace without too much hardship. You just have to think, ask questions and learn what people want.
It never hurts to ask workers what they are looking for. The answers may yield simple solutions
Peter
WORKERS HARD TO FIND
#LaborShortage #workers #employers #GreatResignation #BetterJobs #entrepreneurs
Evidence suggests that jobs are easy to find, and workers are hard to find.
So writes Paul Krugman, a New York Times columnist and economist in a column also published April 10, 2022 in The Atlanta Journal-Constitution.
Krugman points out that experts, including himself, have been telling the “Great Resignation” tale, saying the pandemic has forced lots of Americans to rethink work, their jobs, child care, going back to unpleasant environments etc.
But he now points out that he has changed his mind, as new data evolve.
He says Americans are switching jobs, but going to better ones. They are not leaving the labor force in large numbers (and collecting government checks to stay home). Instead, they are going to different work.
One reason Krugman cites, attributing to economist Dean Baker, is many workers are becoming self-employed. They are gig workers, to use current parlance.
Employment figures, naturally, do not include the self-employed. “Reshuffling has involved Americans concluding that they could improve their lives by starting their own businesses,” Krugman writes.
The second reason is immigration, or lack thereof, according to Krugman. An immigration crackdown over the last several years, enhanced by the pandemic, resulted in fewer available workers. To boost the economy, Krugman says, “we should really try to reestablish our nation’s historic role as a destination for ambitious immigrants,” he writes.
In decades past, it has been argued that too much immigration takes jobs from Americans and lowers wages for U.S. workers. Today’s immigration argument, though often not voiced aloud, is that it’s less about jobs and wages and more about demographics and potential new voting patterns.
Because the employment numbers are so hidden, they blur the status of the economy. If employers can’t find workers, or have lost the ones they had prior to the pandemic, those employers should spend more time evaluating how to better attract or retain workers, rather than complain about labor shortages allegedly caused by current government policy.
Workers are out there, albeit fewer than there were prior to the pandemic. There are not a lot of eligible workers sitting home collecting checks. They are working on THEIR terms, performing services that they know how to do, for those willing to pay for them.
If employers believe that different government policy can force workers back to old ways, they will be very disappointed when it doesn’t happen.
If you (desperate employer) know someone who used to work for you, but is now in his or her own business, ask that person why he or she made such a move.
Very likely, they will tell you chapter and verse why. You may not like the answer. But, if you are wise, you will learn something from it.
Starting a business when you’ve always been an employee is a big step. Not everyone who does so will succeed. But, even if they don’t, they may never return to what they used to do, or where they used to do it.
Remember, too, that workers have more choices than they’ve had in years. Most will take advantage of better opportunities that are presented to them. Some will succeed as their own bosses. Wishing it were different, if you are an employer, will not make it so.
Peter
RETIRE ASAP? GO FOR IT!
#EarlyRetirement #retirement #jobs #work #time
Are you planning, or would you like to, retire early?
Most, probably, would say, “of course.”
Others don’t plan to retire, unless forced to.
Still others would insist on a definition of “early.”
Wes Moss, who writes a Money Matters column for The Atlanta Journal-Constitution, and has a same-titled radio show on WSB radio in Atlanta, gives five reasons to retire as soon as possible. He discussed them in his Oct. 10, 2021, column.
Moss’ five reasons: drive time, no love lost for your job, a roller-coaster schedule, a lack of recognition for what you do and being capped out in terms of financial advancement.
Let’s talk about each of these. First, commuting can be a bear. It takes time from your life as a whole, it adds stress to your body and it’s costly, in terms of fuel and wear-and-tear on your vehicle.
Moss also says that grueling commutes can cause stress in a marriage. According to one study, people who drive at least 45 minutes each way to work are 40 percent more likely to get a divorce, Moss writes.
Work-from-home, or remote-working trends inspired by the COVID-19 pandemic may change commuting patterns for the long term. If your employer is flexible in this area, you might decide to work longer. Think of having a beach house, or mountain cabin, from which you could work. Would that interest you?
Perhaps you don’t really love your job, or even like it, as Moss points out. Would working from home change that perception? If you are just grinding out a living at a job that, to be kind, doesn’t inspire you, Moss suggests perhaps finding a new way to parlay your skills by consulting, or starting your own business.
Remote-working options may alleviate another of Moss’ concerns – the roller-coaster schedule. Many people have jobs in which they have to be on site at specific times. Those times could vary from week to week, turning one’s body clock upside down. If you have one of those jobs, chances are you don’t like it. If you can get out sooner, you should.
Being recognized for your good work is also important. Your boss saying nice things about you and your work are fine, but you probably need more tangible rewards. If those are not forthcoming, maybe it’s time to go.
You may also be at the very end of the pay scale for your job category. If so, then ask yourself: am I just marking time for my pension? Or, especially if there is no pension, could I go somewhere else and advance financially? If you are at the top of your pay scale, you may be near retirement age anyway. If you can afford to retire, do it.
There are many things to learn ahead of “early” retirement regarding health insurance expenses and, more importantly, what you will do with your time.
You also have to study the likelihood, even though it’s tough to predict, whether one day you will come to work and be forcibly retired, or otherwise unemployed. Know that if this happens to you, you are not likely to be forewarned.
So, think about your situation, and do what is best for you. At the same time, realize that there are ways to escape bad work situations, if you need to.
In short, if you like your job, stay as long as they will have you. If you don’t like your job, stay open to other options. They are out there.
Peter
MILLIONS QUITTING THEIR JOBS: WHAT WILL THEY DO NEXT?
#AvailableJobs #workers #employment #coronavirus #COVID19 #FlattenTheCurve
A record 4.4 million Americans quit their jobs in September 2021.
So reports Anneken Tappe for CNN Business. Her article appeared on cnn.com Nov. 12, 2021.
She wrote that the Bureau of Labor Statistics reported 10.4 million job openings that month, because of a worker shortage. The number of openings dropped slightly from the 10.6 million openings in August 2021, the article says.
Meanwhile, employers hired 6.5 million people, while they lost, including those who left voluntarily, 6.2 million, the article says.
Earlier, the Associated Press had reported that employers largely were still looking for workers who had previous experience in the work for which they were applying. Speculation had been that workers were applying for jobs which were totally different from the jobs they had held – perhaps paying a lot more money.
The AP article also hinted that employers believe eventually they will regain the leverage in the job market that workers have now.
Still, if you are a worker and your job disappeared during the pandemic, but may be slowly coming back, you have to ask yourself: is the job worth going back to?
As the cooler fall and winter weather creeps in, are you worried that your kids’ school(s) will close for a period because the virus spreads anew?
If your kids had to do school remotely, could you work at the same time? These questions tell us that the virus has not left us, and, perhaps, won’t for a good bit of time – if at all.
Complicating one’s decision to return to a job is the lack of day-care options, or the lack of places a parent could drop off a child to go to school remotely while they work.
Another factor: have you, as a worker, considered all possible job options? You may actually find an employer, desperate for help, willing to train you to do something different. Perhaps that something different would allow you to work remotely, if you had to.
If you are an employer, have you considered offering better pay, training and work/life flexibility to attract more, or better, workers? Are you willing to invest more to keep the good people you have from leaving?
This push-pull of the current labor market is one reason, along with supply-chain disruptions caused by the pandemic, that prices on just about everything are rising.
Despite short-term pain your wallet may feel, if workers ultimately attain workplace leverage and get more pay and better benefits, everyone – yes, employers, too – will benefit.
Of course, if you are not sure what you should do next, but are willing to explore different alternatives, there are programs out there that may intrigue you.
They require no specific education, experience or background. They allow you flexibility to work from home as needed. They merely require an open mind to check them out, and the ability to be coached. You can even do them part time as you work a regular job.
To learn about one of the best such programs, message me.
This labor market is difficult for employers and employees. It’s one of those transition periods from which good things can result. We just have to be patient in the short term.
Also, the more eligible people get vaccinated, the sooner we can keep the pandemic at bay.
So, what will be your next move?
Peter
WORKING FROM HOME CHANGING HOUSING MARKET
#WorkFromHome #coronavirus #COVID-19 #commuting
Technology is allowing more people to work remotely.
That’s changing the way people think about where to live.
In and around big cities may not be the only option for those able to carve out office space at home.
Lisa Prevost took on this subject in an article for The New York Times. It was also published Sept. 25, 2019, in The Atlanta Journal-Constitution.
According to the Bureau of Labor Statistics, as of last year, 24 percent of employed persons worked at least part of the time at home, the article says. That percentage has undoubtedly increased as coronavirus (COVID-19) fears and precautions have set in.
Among those with advanced degrees, it was 42 percent, the article quotes the figures.
In a survey last year of 23,000 new home shoppers, John Burns Real Estate Consulting, a firm with offices nationwide, 30 percent worked at home between one and four days a week. Some 13 percent worked at home full time, the article says.
States like Vermont are offering incentives for people to move there and work from home, the article says.
Is this a trend? Let’s look at it from all sides.
In past decades, employers frowned on people working from home for lack of supervision. They didn’t trust that employees could give full attention to their work, or give a full day’s work, from home.
It’s not that people would necessarily cheat their employers , though there are certainly those who might try. It’s more that home provides distractions – kids, TV, personal phone calls etc. – that would prevent an employee’s 100 percent concentration on his or her job.
But longer commutes, or even short commutes in heavy traffic are forcing people to spend more time getting to and from work, adding stress that could interfere with their ability to do their jobs.
Commuting and traffic add to the general societal problem of overcrowding and gridlock in cities, pollution from vehicles and portions of life wasted commuting.
So, the attitude about working at home may be changing, and technology is enabling people to do their jobs from anywhere.
Be careful what you wish for. You pay for the freedom to work from home with the electronic leash from work that never gets removed.
Certainly, technological advancement is a blessing and curse. But it is here, and people must adapt.
But what if you could work from home at a job you enjoyed, and could work when you wanted? There are many vehicles out there that allow people to work independently, yet have a network of colleagues they can call for help. These programs are designed for people who want to be their own bosses. They certainly require work, but, with no one watching you, are aimed at people who are self-motivated.
If you believe you are that self-motivated person, regardless of your education and skills, and want to learn about one of the best such programs, message me.
The bonus with these programs is you can live and work from anywhere.
Business and society are certainly warming up to the idea of having people work from home. They have to evaluate people more on tasks than hours worked.
Is it right for you? Remember, there are benefits and costs – freedom, but loss of interactions and gain of distractions. You have to evaluate your own situation to determine whether such an arrangement would suit you.
Peter