Apple to pilot hybrid work from store and home for retail staff - July 2, 2021

Despite the labor market heating up – the U.S. added 850,000 jobs in June – economic disruption related to the pandemic has driven many out of the workforce prematurely. The trend is largely forcing lower-income workers into early retirement. Among people with incomes at or below the national median, 55% of retirements were recently involuntary. By contrast, among the top 10% of earners, only 10% of exits were involuntary. Since retired workers tend to spend more cautiously, the trend could slow down economic recovery. IMF projects US economy to grow 7% due to robust vaccinations, but warns of inflation - PBS House of Representatives passes bill to protect older Americans in the workplace - CNBC Cost of Inequity: Age Discrimination Could Cost the Economy Trillions - Insider Big tech companies said Thursday’s breakthrough in negotiations over a global tax overhaul was a step toward avoiding a patchwork of overlapping national taxes, but executives and trade bodies remain hesitant to call it a win until those tax regimes disappear. Over 130 countries met virtually to agree that the U.S. will secure international backing for a global minimum rate of tax, marking the most sweeping change in international taxation in a century. President Biden wins global support for massive tax overhaul - CNN New FTC Chair Lina Khan Wants To Redefine Monopoly Power For The Age Of Big Tech - NPR “ICYMI — The world just agreed to the first major overhaul of how companies pay tax in decades. Some low-tax regimes refused to sign up, paving the way for ongoing bickering.” - @markscott82 Apple will pilot a hybrid in-store and work-from-home arrangement for retail employees, acknowledging a rising trend in online shopping, even as the pandemic eases and more economies reopen. The pilot will last at least six months and participating employees will be paid the same salary, plus some extra for internet and office equipment. What online shopping is doing to retail profit margins - Quartz Gap to close all stores in UK and Irelan