Late September in 2019, California's Senate passed Assembly Bill 5 (AB5) for legislation, which grants gig economy workers with protections such as higher wages and benefits. With many employers adding independent contractors to their teams as a way to reduce labor costs in today's economy, the passing of this bill would have a significant impact on select employees and employers throughout the state. The gig economy would specifically see the majority of changes.
The continued expansion of the jobs market is finally reaching those who were left behind after the 2008 recession. This stronger performance of the job market can only mean a win-win situation both for companies looking to hire and for those currently unemployed.
The tech industry is best known for its rapid pace and technological advancements, but since the field is constantly evolving, there's also a continuous demand for skilled workers in this area.
It’s 2019, yet many companies are still stuck in the past when it comes to their hiring processes. It's taking time for them to realize that modern-day job seekers no longer respond to the same old hiring tactics.
According to the Labor Department, the United States has experienced a rare phenomenon in April 2019: the number of job openings is much higher than the number of unemployed Americans. In fact, this trend has been going on for some time now. Since 2018, Americans searching for jobs has continued to decrease while job openings continue to rise.
This phenomenon further underscores the difficulty employers face in finding and hiring workers. While many jobs are open across the board, employers are struggling to hire qualified workers from a shrinking pool of eligible Americans. Experts and analysts alike have warned that this situation may not improve anytime soon.