Some remote workers may face pay cuts - August 12, 2021

U.S. jobless claims matched economists’ estimates, totaling 375,000 initial claims. The number marks the third week in a row that initial unemployment claims have dropped. Initial claims in Michigan and New York were among the biggest declines of last week. Treasury yields rise ahead of jobless claims, producer-inflation report - MarketWatch Stories From the Great American Labor Shortage - The New York Times @KelseyDavisNews: Just in: WASHINGTON (AP) - US jobless claims drop to 375,000, near a pandemic low, another sign of strength for a rebounding economy and job market McDonald’s told its corporate workforce Wednesday that it is pushing back the reopening of its offices by more than a month and requiring staff to be fully vaccinated. The fast-food giant joins other employers, like Coca-Cola and Amazon, in delaying their return to the office as the coronavirus delta variant surges, largely among the unvaccinated. NBC pushes back return to office to October, at earliest - The Hill New York Stock Exchange to Require Vaccine on Trading Floors - Bloomberg AmEx postpones full return to office until Oct 11 - Reuters Return to office is great for capitalism and business: Employment agency CEO - Fox Business Google announced employees could see different changes in pay if they switch to working from home permanently. A pay calculator by Reuters found those with long commutes are hit hardest. An employee that lives an hour away from Google’s New York office would be paid 15% less working from home, but a colleague living in New York would not see a cut. Meanwhile, CVS said it will raise wages for employees and eliminate education requirements in an effort to draw more workers. Silicon Valley To Cut Remote Worker Salaries, While Wall St. Boosts Bonuses - The Motley Fool Why the 'Great Remote Work Experiment' may have been flawed - BBC 1 in 3 people say return-to-office negatively impacted mental health - CNBC @ajplus: Google has an internal pay calculator that shows employees how much their pay would