Why The U.S. Has A Massive Lithium Supply Problem
The United States has a lithium supply problem. Nearly every major automaker has announced a transition to electric vehicles, Tesla delivered almost one million cars in 2021, and electric vehicle companies like Rivian and Lucid are rolling new models off the line.
In order to power all of these EVs, we will need batteries, lots of them. Electric vehicle growth will be responsible for more than 90% of demand for lithium by 2030, according to Benchmark Mineral Intelligence. But lithium is also in our phones, computers, ceramics, lubricants, pharmaceuticals, and is essential for solar and wind energy storage. This vital mineral in rechargeable batteries has earned the name “white gold” and the rush is on.
But today, the U.S. is far behind, with only 1% of global lithium being mined and processed in the U.S., according to the USGS. More than 80% of the world’s raw lithium is mined in Australia, Chile, and China. And China controls more than half of the world’s lithium processing and refining and has three fourths of the lithium-ion battery megafactories in the world, according to the International Energy Agency. There is only one operating lithium mine in the U.S., Albemarle’s Silver Peak, Nevada.
But that could be changing. Last June, the Biden administration released a blueprint for jumpstarting domestic lithium production and refining as well as battery manufacturing, and set a national EV sales goal of 50% by 2030.
And there are several domestic lithium projects in the works in Nevada, North Carolina, California and Arkansas, to name a few.
Controlled Thermal Resources is developing a lithium project at the Salton Sea in California. Last summer, GM announced a multi-million-dollar investment in Controlled Thermal Resources, and has secured first rights to purchase the domestically produced lithium for its EVs.
Piedmont Lithium wants to revive an old lithium mining area in North Carolina, near Charlotte. Piedmont signed a deal in 2020 to supply Tesla with lithium sourced from its deposits there, but the project has hit delays due to permitting.
Lithium Americas plans an open-pit mine at Thacker Pass, which is located about 200 miles north of Reno, Nevada, and is one of the largest lithium reserves in the U.S.
But no one wants a mine in their backyard, and Thacker Pass and other projects have been plagued with lawsuits and opposition from environmentalists, permitting delays and opposition from Native American tribes in the area.
Watch the video to learn more, and to get an inside look at some of the domestic lithium projects in the works.
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Why The U.S. Has A Massive Lithium Supply Problem
January 15, 2022
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Can Sanctions Deter Russia From Invading Ukraine?
Economic sanctions remain one of the most powerful tools the United States has in its foreign policy arsenal. And as Russian forces continue to amass along the border with Ukraine, officials in the U.S. hope the threat of those sanctions can deter a full-scale invasion.
Besides sanctions that target individuals or specific companies, some proposals involve cutting Russia off from the SWIFT system, which would remove Russian institutions from an important global financial network.
Another target is the near-completed Nord Stream 2 gas pipeline, which when operational would double the amount of natural gas moved from Russia to Germany through the Baltic Sea and likely reduce the need for other pipelines, such as the Urengoy–Pomary–Uzhhorod pipeline that runs through Ukraine.
Republican Sen. Ted Cruz of Texas has proposed a bill that would require automatic sanctions against Nord Stream 2 operators within two weeks of Russia invading Ukraine. The bill failed to pass on Thursday, but picked up a handful of Democratic votes in the final tally.
Democratic Sens. Robert Menendez, of New Jersey, and Jeanne Shaheen, of New Hampshire, proposed an alternative bill that would “impose crippling sanctions on the Russian banking sector and senior military and government officials if President [Vladimir] Putin escalates hostile action in or against Ukraine.”
Watch the video above to find out how U.S. sanctions work, whether the U.S. can persuade allies to cut off Russia from the important SWIFT financial network, and what’s next in the foreign policy standoff between the West and Russia.
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Can Sanctions Deter Russia From Invading Ukraine?
January 14, 2022
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Rise And Fall Of America's Favorite Tech Gadgets
Here's the rise and fall of some of the biggest brands from the 70s, 80s and 90s.
Episodes:
00:00 -- The Rise And Fall Of The Headphone Jack:
11:16 -- What Happened To Motorola?
22:57 -- The Rise Of Roomba And iRobot
31:10 -- The Ups And Downs of GoPro
44:07 -- From glass maker to tech company — how Corning reinvented itself with the changing times
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Rise And Fall Of America's Favorite Tech Gadgets
January 13, 2022
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What’s The Real Cost Of Child Care In America?
Child care costs vary from state to state, even county to county. But there is one common thread across the country – it's really expensive. Both parents and child care providers are struggling to make ends meet with the rising cost of child care.
Watch the video above to learn about the history of child care in America.
Episodes:
00:00 -- Why Au Pairs Are Paid Only $4.35/hour
15:51 -- This School Locks Up Students’ Phones
20:54 -- Why Daycare Is So Expensive In America
43:22 -- Inside A Tech-Free School Where Tech Executives Send Their Kids
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What’s The Real Cost Of Child Care In America?
January 12, 2022
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Why The Biggest Pharma Company In The U.S. Is Breaking Up
Johnson & Johnson, the biggest pharmaceutical company in the U.S. based on its market cap, announced in November 2021 it plans to spin off its consumer business into a new publicly-traded company by November 2023. Analysts overwhelmingly say it’s a smart business move, but it could also come with some risks. Watch the video above to learn why Johnson & Johnson is splitting itself up and how investors are reacting.
Johnson & Johnson announced in November that it plans to spin off its consumer business into a new publicly traded company by November 2023.
The news didn’t surprise Wall Street.
“The analyst community has been talking about splitting up J&J for years,” said Jared Holz, health-care equity strategist at Oppenheimer. “The timing situation is critical, just because people have been very curious or intrigued as to why now.”
Johnson & Johnson is the biggest pharmaceutical company in the United States based on market cap. It was ranked 36th on the 2021 Fortune 500 List of the largest U.S. corporations based on total revenue. The company has experienced dividend growth for nearly 60 years and has consistently outperformed the S&P 500 for the past 25 years.
“What the market is saying is that companies should focus on their core competencies and let us diversify,” said Louise Chen, managing director at Cantor Fitzgerald. “We’ve already seen several examples of large pharma separating out noncore assets.”
So far, investors’ reaction to the spinoff has been mild, with the stock moving only modestly higher on the news in November.
“There are some risks to this execution from separating out the consumer business,” Chen said. “I think investors aren’t fully convinced yet of the standalone earnings potential of both companies.”
There are other potential headwinds to the split. The company has been dealing with numerous legal challenges over the past several years, many of which are ongoing and could result in as-yet-unknown fines and settlements.
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Why The Biggest Pharma Company In The U.S. Is Breaking Up
January 10, 2022
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How Chicken Became An American Obsession
Chick-fil-A has long dominated the chicken sandwich category in fast food. After Popeyes Louisiana Kitchen launched its own version of the chicken sandwich, other fast food chains like Wendy's, McDonalds and Shake Shack got into the battle. Here's how chicken took over America.
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How Chicken Became An American Obsession
January 07, 2022
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Why The U.S. Can’t Solve Homelessness
The Covid pandemic caused a surge in housing costs and a rise in unemployment, leaving nearly 600,000 Americans unhoused in 2020. So how is the U.S. addressing the homelessness crisis and can the current housing first policy approach solve it?
“What people don’t typically realize when they walk past a person who’s homeless is that this person is costing taxpayers a lot of money,” said Sam Tsemberis, chief executive officer at Pathways Housing First Institute.
In 2019, New York City spent a record-breaking $3 billion to support its homeless population. California is also expected to break its record, allocating $4.8 billion to the same issue over the next two years.
Despite the rising budget, overall homelessness in the U.S. has improved by only 10% compared with 2007. It’s even worse for certain subgroups, such as individual homelessness, which dropped by only 1% in the same period.
“Right now, we are trending in the wrong direction,” said Anthony Love, interim executive director at the United States Interagency Council on Homelessness. “The state of homelessness is pretty tenuous, and there are some small increases that are taking place across the board.”
For decades, the U.S. has relied on a “housing first” approach to homelessness, where permanent housing is provided for homeless people without preconditions such as sobriety or employment.
“Without the coach to guide me into housing, I wouldn’t be where I’m at now,” said Shannon McGhee, who moved into his supportive housing in 2020 after being unhoused for four years. “Being able to have my housing first, I know that I’m in control of my environment. Now, what happens here is all about what I create.”
However, some critics of the housing first approach say it hasn’t shown enough real results to deem it successful.
“When the public is told that this particular policy is going to end homelessness, what they’re expecting is that they’re going to see fewer homeless people around,” said Stephen Eide, a senior fellow at the Manhattan Institute. “I don’t think that we’ve seen that in the case of housing first.”
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Why The U.S. Can’t Solve Homelessness
January 07, 2022
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What’s The Controversy Behind Biogen’s Alzheimer’s Drug?
The U.S.'s approval of Biogen's Alzheimer's drug Aduhelm was heralded as a historic triumph in the fight against the memory-robbing disease. But so far, Biogen has reported only a fraction of Aduhelm revenue to meet Wall Street's expectations. Patients and physicians have been torn over the drug's murky clinical data and its high price tag. Aduhelm's lackluster launch has been costly, forcing Biogen to take measures to keep the drug afloat.
The U.S. Food and Drug Administration’s approval of Biogen’s Alzheimer’s drug Aduhelm in June was heralded as a historic triumph in the fight against a disease that kills thousands of Americans every year.
But the excitement around the first FDA-approved drug to target the underlying cause of the memory-robbing disease—not just its symptoms—has ebbed since then. The drugmaker reported just $300,000 in revenue from Aduhelm sales during the third quarter, a fraction of what Wall Street was expecting.
Physicians have been split over whether clinical trial data proves the monoclonal antibody actually slows cognitive decline. What’s more, Medicare is debating whether to cover seniors on the government-run insurance program for Alzheimer’s treatments, a decision that is crucial to their profit potential.
The Centers for Medicare and Medicaid Services plans to issue a draft decision by mid-January, a spokesperson told CNBC.
Meanwhile, shares of the Cambridge, Massachusetts-based biotech have cratered roughly 40% since the beginning of June. Given Aduhelm’s lackluster debut, as well as generic competition for Biogen’s other drugs, the company now plans to cut $500 million in annual costs.
In December, it also said it would slash Aduhelm’s controversial $56,000 annual list price by about 50% in a bid to boost sales. The company anticipates 50,000 new patients could start Aduhelm in 2022 with insurance coverage and greater access to diagnostics and specialized centers.
“In terms of this new drug, we are keeping an open mind,” said Dick Novik, who retired from the broadcast business to help care for his wife, Eugenia Zukerman, following her Alzheimer’s diagnosis.
“If only there were a way of being more certain in our minds that it works,” Novik told CNBC.
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What’s The Controversy Behind Biogen’s Alzheimer’s Drug?
January 04, 2022
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How This Roofing Company Is Taking On Tesla’s Solar Roof
GAF Energy is taking on Tesla with the release of its new solar shingles. While the concept of solar shingles that blend in seamlessly with a regular roof has been around for decades, higher costs and lower efficiency and reliability as compared with traditional solar panels have prevented the product from taking off. But GAF Energy is the sister company to GAF, one of the largest roofing manufacturers in the world. And it believes that its deep ties to the roofing industry have allowed it to design a cost-competitive solar roof product that’s ready for the masses.
CLARIFICATION 1/5/22: At 11:02 in the video, there is a comparison made that needs clarification. The video states, “Given the GAF shingle’s dimensions and its 45 watt rating, it would produce, at maximum, 5.96 watts per square foot.” However, because of the way GAF Energy’s shingles overlap on the roof, 56% of each shingle is made up of non-solar material. If you consider the efficiency of only the active solar cells, GAF Energy's shingle produces 14.29 watts per square foot, which the company says would be on par with the efficiency of Tesla’s shingle.
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How This Roofing Company Is Taking On Tesla’s Solar Roof
January 03, 2022
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Why Traffic Is So Bad In Los Angeles
Los Angeles consistently ranks among the most traffic-clogged cities in America. The county has been trying to reduce its traffic for decades and nothing has worked. Many researchers and economists suggest charging people for using the road in a system called congestion pricing.
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Why Traffic Is So Bad In Los Angeles
December 28, 2021
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Apple’s New Fix-It Policy Is Not The End For ‘Right To Repair’
The ‘right to repair’ movement received good news from Apple in November 2021. The company will begin providing customers with genuine Apple tools, parts and manuals in 2022. CNBC first spoke with iFixit CEO Kyle Wiens before Apple’s new repair policy was announced, and caught up with him after the news over Zoom.
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Apple’s New Fix-It Policy Is Not The End For ‘Right To Repair’
December 30, 2021
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Building A Robot Empire #Shorts
Boston Dynamics has sparked the imaginations of the general public with its viral YouTube videos, but the company is now hoping to get the attention of paying customers.
Check out the whole video here: https://youtu.be/SZRAGpo3wy0
Check out the rise of robotic working dogs here: https://youtu.be/RbXfGwhrGjI
In June of 2020, Boston Dynamics started selling its first commercial robot: Spot.
It was a big moment for the company. For most of its 30 year history, Boston Dynamics has been focused on research and development. Initially, Boston Dynamics received a lot of its funding from the U.S. military and DARPA. Later, it was financed by big-name owners including Google, SoftBank and most recently, Hyundai. All of these companies have tried to steer the robot maker on a path to commercialization, and Boston Dynamics is finally getting there.
“I expect that we will become a serial producer of novel robots with advanced capabilities. I think we’ll build, every, say three to five years, we’re going to roll out a new robot targeting a new industry,” says Robert Playter, CEO of Boston Dynamics.
But for now, Boston Dynamics is focusing on the inspection and warehouse industries with its robots Spot and Stretch.
“The next big industry for Spot is really in this this market that we’re calling industrial sensing or dynamics sensing, which is where we have robots walking around places like manufacturing plants, chemical plants, utilities, installations, and using the robots to collect data on what’s happening in these facilities in an automated way,” says Zack Jackowski, chief engineer of the Spot product. “And this is really interesting, because once you start getting this highly repeatable, high quality data, you could start understanding these facilities and the efficiencies of them in new ways.”
So far, Spot has been used to do inspections at construction sites, oil rigs, nuclear plants, to check the vital signs of Covid-19 patients in hospitals, and even remind people to maintain social distance amid the pandemic. Boston Dynamics said it has sold several hundred Spot robots so far, with the entry level robot costing around $75,000.
The company’s other commercial robot, Stretch, focuses on the warehouse market.
“We see Stretch as ultimately a general purpose box moving machine that can be used anywhere in the warehouse,” says Playter. “Something like 800 million containers are shipped around the world each year. Many of those are full of boxes. There’s probably trillions of boxes that are loaded and unloaded by hand each year in the United States. It’s a huge job. It’s a mountain of material that has to get moved. Stretch is really power tools to help people move that that material.”
Stretch is made up of a few different parts. The robot uses a mobile base to move around tight spaces and go up loading ramps. An arm, gripper, vision cameras and sensors allow the robot to identify and handle a variety of different objects. Initially, the robot will be used for the loading and unloading of trucks.
Boston Dynamics says it expects Stretch to go on sale next year, though it would not provide a price point. Customers can also opt to purchase just the computer vision software that powers Stretch, which Boston Dynamics calls Pick. The company says it’s working with a few early adopters to test the robot, but would not say who those partners are.
Check out the video to learn more about Boston Dynamics’ history and the company’s plan to transition from R&D to commercialization.
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Building A Robot Empire #Shorts
December 22, 2021
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How The U.S. Fell Behind In Hypersonic Technology
Hypersonic air travel is anything that travels at Mach 5, or five times the speed of sound. The U.S. was once a leader in developing supersonic and hypersonic technology, but has taken "our foot off the gas," according to Mark Lewis, executive director of the National Defense Industrial Association's Emerging Technologies Institute.
Watch the video to find out more about how the U.S. fell behind Russia, China and possibly North Korea, and how we're spending billions to catch up.
Hypersonic air travel, for both military and commercial use, could be here within the decade.
The $770 billion National Defense Authorization Act signed into law Tuesday calls for investing billions into hypersonic research and development, making them a top priority for Washington. The next step is congressional approval to allocate the money for the technology to the Pentagon.
“If you are traveling at hypersonic speeds, you’re, you’re going more than a mile per second,” said Mark Lewis, executive director of the National Defense Industrial Association’s Emerging Technologies Institute. “That’s important for military applications. It could have commercial applications. It could also open up new, new ways of reaching space.”
Hypersonic is anything traveling above Mach 5, or five times the speed of sound. That’s roughly 3,800 mph. At those speeds, commercial planes could travel from New York to London in under two hours.
Significant hypersonic research and development in recent years have highlighted its promising opportunity, but it’s also shed light on its destructive potential. According to Rand Corp., hypersonic technology creates a new class of threat that could change the nature of warfare.
“There truly is a sense of concern that we are in a race,” said Lewis, who is a former director at the Department of Defense. “We took our foot off the gas. … There are other nations, peer competitors, who are investing very, very heavily in hypersonics.”
China, Russia and now North Korea all claim to have developed and successfully tested hypersonic missiles. Unlike traditional ballistic missiles that follow a set trajectory after launch, hypersonic weapons are maneuverable in flight, incredibly fast and hard to detect.
The U.S. doesn’t have operational hypersonic missiles yet, but it’s a top priority for Washington. According to the Government Accountability Office, funding for hypersonic research increased by 740% between 2015 and 2020. The latest defense budget alone increased funding by 20%.
“It’s truly a bipartisan issue,” said Lewis.
The DOD is gathering data across multiple agencies, industry leaders and academia as it races to fast-track production on its first hypersonic missile by September 2022.
“We don’t want to just match them missile for missile, but introduce new capabilities of transportation capabilities, sensor capabilities. And I’m seeing that play out,” Lewis told CNBC.
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How The U.S. Fell Behind In Hypersonic Technology
December 28, 2021
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Why The Pentagon Keeps Failing Its Audit
With a budget of over three quarters of a trillion dollars, the Pentagon has found that passing a sweeping audit is a tricky proposition. Antiquated systems, huge budgets, and the sheer size of the Department of Defense have made passing the congressionally mandated audit a towering endeavor, but one that experts say is doable in time.
The Pentagon has failed another audit this year. But with $770 billion expected to be budgeted for 2022, the Department of Defense says it is working on keeping track of all this money.
“It took the Department of Homeland Security a decade to pass its audit, and it’s a fraction of the size of the Defense Department,” said Mackenzie Eaglen, a senior fellow with the American Enterprise Institute. “There is a bit out there that just because the department can’t pass the audit, it doesn’t know where it’s spending its money. And it does. But what it doesn’t do well is track it at an enterprise level.“
Since 1988 the budget has grown from over $634 billion in 2020 dollars to over $724 billion in 2020. But, the defense budget as a percentage of the total gross domestic product has actually dropped in the same period, from 5.7% to 3.5%, according to a Congressional Research Service analysis of Office of Management and Budget historical tables.
One example of an item found in the recent audit was a Navy warehouse that was not on the Navy’s property records and that housed aircraft parts worth $126 million, according to the Government Accountability Office.
“The financial system that you have in DOD right now is set up to control taxpayers’ dollars to guarantee that there is not going to be unauthorized use of it. So every dollar and cent is accounted for,” said Frederico Bartels, a senior policy analyst at the Heritage Foundation. “And there, you can see that by the ADEA violations being extremely low at DOD, there are still some but that’s part of doing business, it’s still lower than most federal agencies.“
Old systems for tracking funds, a slow bureaucracy, and the sheer size of the U.S. Defense apparatus have kept audits from passing since they began in late 2017.
The size of the budget is constantly a subject of debate, but for lawmakers to make informed decisions they need good data.
“This is the Pentagon,” said Rep. Barbara Lee, D-Calif. “They’re responsible for the security of the United States. If, in fact, their audit systems are outdated, if ... they can’t do an audit and give us a picture of what they’re spending, I kind of worry about what they’re doing on the really important stuff.“
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Why The Pentagon Keeps Failing Its Audit
December 27, 2021
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Where Four-Legged Robot Dogs Are Finding Work
A number of four-legged robot dogs made by companies like Boston Dynamics, Anybotics and Ghost Robotics have been deployed in the workforce already for applications like inspections, security and public safety among others. At their core, these four-legged robots are mobility platforms that can be equipped with different payloads depending on the type of information that companies want to gather.
Experts predict the insurance industry alone will spend $1.7 billion on robotics systems in 2025. And other industries may follow suit. Amid the pandemic, a tight job market is forcing many companies to turn to automation. A survey done in December of 2020 by McKinsey, showed that 51 percent of respondents in North America and Europe said they had increased investment in new technologies during 2020, not including remote-work technologies.
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Where Four-Legged Robot Dogs Are Finding Work
December 17, 2021
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What It’s Like To Live In An RV And Work For Amazon During The Holidays
Every holiday season since 2008, Amazon has hired hundreds of nomadic workers for temporary warehouse jobs. The CamperForce program is a small portion of this year’s 150,000 seasonal hires, but it gained notoriety in the 2020 movie “Nomadland.” This year, it’s seen its biggest growth yet, doubling to 26 sites in 14 states. Despite the growth, Amazon has shifted away from arranging workers’ campgrounds and paying for them directly. Here’s what it’s really like to live in an RV and work for Amazon during the holidays.
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What It’s Like To Live In An RV And Work For Amazon During The Holidays
December 23, 2021
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Why Sex Education Is So Bad In The U.S.
The majority of U.S. students report they've had sex before graduation, which means the type of sex education they receive can be a big deal, for themselves personally and for the economy. The federal government doesn't have any official regulations for what schools must include in sex education curriculum, which has lead to inconsistent lessons across the country. Watch the video above to learn why sex education is so crucial for the economy and what happens when some students are left behind.
0:00 - Introduction
1:35 - Sex education policies
5:57 - Economic impact
9:33 - Funding
12:00 - Future of sex education
The majority of U.S. students report they’ve had sex before graduation, which means the type of sex education they receive can be a big deal, for themselves personally and for the economy.
″[There’s an] absurd and huge burden we put on sex ed that we don’t put on other subjects,” said Jonathan Zimmerman, author of the book Too Hot to Handle: A Global History of Sex Education and a professor at the University of Pennsylvania. “The algebra teacher is enjoined to teach them more algebra. Only in sex ed is the sex ed teacher enjoined to actually change how the kids behave out of school. And this may be an impossible burden.”
Direct medical costs of unintended pregnancy in the United States totaled at least $5.5 billion in 2018, a rise from the 2011 estimate of $4.6 billion. Additionally, teenagers who unintentionally become pregnant tend to receive less education and are less likely to have a spouse with whom they can share the financial support of raising a child. The high cost of teen pregnancy may have even pushed Mississippi into legislating sex education requirements.
There’s been a debate spanning decades about what information to include in the curriculum. Some argue adolescents should have access to comprehensive information around sexual health to make their own decisions, while others feel abstinence should be stressed so as not to encourage teenagers to engage in sexual activity.
A little more than half of states require students to receive some kind of sex education as well as HIV education, according to sex education advocacy group SIECUS. Only 18 states require plans to be medically accurate and 16 states require instruction on contraception.
The federal government doesn’t have any official regulations for what schools must include in sex education curriculum. Instead, the government has enforced de facto policies through funding requirements. Federal funding for abstinence-only education increased in 2016. In 2015, the federal government provided about $55 million. In 2021, that number was up to $110 million.
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Why Sex Education Is So Bad In The U.S.
December 21, 2021
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Why The U.S. Is So Bad At Job Training
Career growth in certain sectors is particularly difficult because the U.S. does not create many opportunities for adult education. To keep up with the evolving needs of the economy, Rachel Lipson, who is the founding director of Harvard University's Project on Workforce, suggests rethinking our investments in education to help workers expand their skillsets alongside technological advances. Watch the video on why she sees education as the key to preparing for the needs of the future.
What will the future of work look like post pandemic? That is the million-dollar question, according to Rachel Lipson, founding project director of Project on Workforce at Harvard University’s Malcolm Wiener Center for Social Policy. She doesn’t have the answer, but Lipson does have some ideas about the trends workers should be watching closely and the threat to traditional work structures.
A 9-5 workday, a linear path from higher education to a career, robots taking over jobs, are all among the existing themes that will influence future labor market needs and require reimagining career paths, Lipson says.
In a recent interview for CNBC’s “Work in Progress” series, Lipson discussed trends she says the workforce will need to adapt to in a post-pandemic economy. Here are three of the big ones.
Nothing about remote work is certain
At the start of the pandemic, labor experts were skeptical that the U.S. professional work culture was ready to embrace remote employment. Now almost two years later, the assumptions have changed, as remote and hybrid work has proven to be productive, and a focus on employee wellness and a healthy work culture has taken precedence over an in-person work schedule.
But Lipson says experts are still reserving judgment on whether the acceptance of remote and hybrid culture is permanent. “Or over time, [are we] going to see some reversion of the back to normal?” she asked.
Remote work has created flexibility and eliminated daily commutes, which Lipson says has led to a reckoning that will be hard to reverse: “How much time you can spend with your family if you remove the commute from the equation.”
But the remote experience has also led to work burnout and has taken place during the Great Resignation phenomenon. Lipson worries long term about a class divide that could be created by a remote work system. “There is some research that implies that certain groups are going to be hurt more by the lack of in-person contact and interaction, “she said.
Not all workers are equally able to work remotely, either.
“We know that disproportionately from the data, workers with higher levels of education and higher wage roles are more likely to be able to have the option to work from home or to work out of the office,” she said.
Vast underinvestment in older workers
There is a fundamental rethinking taking place about the connection between education and work.
“The future of work in a lot of ways is dependent on the future of education,” Lipson said.
Creating transitions from the education system into good jobs, and questioning whether more education necessarily equals more success, are among the issues with major consequences for the future of work.
“Maybe someone doesn’t necessarily need a whole lot more education and training to successfully find a new job, but they need help translating their experience on their resume,” she said.
With more job coaching, practice interviews and better job matching, workers may get into new and better paying jobs much quicker. “But it is a place where we need human support and technology investments to make those transitions smoother,” Lipson said.
The traditional four-year college route to a job and higher education have been attacked as out-of-date with job market needs and Lipson said that for many workers they could be a thing of the past as experts rethink how to create career paths. It’s been on the minds of many — education as the singular route to better-paying opportunities — during the pandemic, Lipson said, and not just among the experts. College enrollment just saw its largest two-year decline in 50 years.
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Why The U.S. Is So Bad At Job Training
December 20, 2021
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Why U.S. Speed Limits Are Wrong
In 2019, 9,478 Americans lost their lives from speeding, contributing to more than a quarter of all traffic fatalities in the year. Speed limits were created to avoid situations like this. Yet, millions of Americans continue to speed every year. Many experts argue that the current speed limits might be too unrealistic and arbitrary to have any impact on how fast people drive. Watch the video to understand what’s wrong, what’s right and how the U.S. can fix speed limits on the road.
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Why Speed Limits Are Wrong In The U.S.
December 17, 2021
0FgisLkb8LM
Where Do The Clothes At Stores Like TJ Maxx Come From?
As demand for traditional department stores falls, off-price retailers like T.J. Maxx, Marshall’s and Burlington are seeing a surge in popularity. But as more consumers join the ranks of bargain hunters and deal chasers, less of them know where their favorite affordable clothes, shoes and other items come from. The supply chains behind these stores have evolved in the last decades to meet rising demand, and they’ll likely continue to change as e-commerce grows in popularity and consumers emerge from the pandemic.
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Where Do The Clothes At Stores Like TJ Maxx Come From?
December 16, 2021
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