Future of work newsletter free subscription Future of work newsletter free subscription Future of work newsletter free subscription
  • Marketplace
  • Resources
  • Business Directory
  • Events
  • Advertise
  • Brand Pulse
  • Publish a Press Release
  • Get the Newsletter
  • Contact
  • About Us
The FUTURE OF WORK® since 2003
Allwork.Space
No Result
View All Result
Subscribe
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
  • More
    • Columnists
      • Dr. Gleb Tsipursky – The Office Whisperer
      • Nirit Cohen – WorkFutures
      • Angela Howard – Culture Expert
      • Drew Jones – Design & Innovation
      • Jonathan Price – CRE & Flex Expert
    • Get the Newsletter
    • Events
    • Advertise With Us
    • Publish a Press Release
    • Brand PulseNew
    • Partner Portal
  • Latest News
  • Business
  • Leadership
  • Work-life
  • Career Growth
  • Tech
  • Design
  • Workforce
  • Coworking
  • CRE
  • Podcast
No Result
View All Result
Subscribe
Allwork.Space
No Result
View All Result
Advertisements
Workspaces Run Better On UltraSoftBIS
Home News Business

What Is Driving The Ongoing Labor Shortage According To Microsoft’s President

Inflation increases, employee demand shifts, and lack of childcare support are causing a deceleration in labor participation according to Brad Smith.

Aayat AlibyAayat Ali
July 18, 2022
in Business
Reading Time: 2 mins read
A A

More stories for you

FedEx Slashes Jobs And Facilities As Part Of $2 Billion Restructuring Plan

FedEx Slashes Jobs And Facilities As Part Of $2 Billion Restructuring Plan

13 hours ago
Tech Giants Spend Over $1 Billion To Buy Back Into The U.S. Office Market

Tech Giants Spend Over $1 Billion To Buy Back Into The U.S. Office Market

13 hours ago
The U.K. Just Proved Gender Equality Is A Win For All Workers

The U.K. Just Proved Gender Equality Is A Win For All Workers

3 days ago
Trump’s “Big Beautiful Bill” Just Changed the Rules on Tipped and Overtime Pay — Here’s What Workers And Employers Need To Know

Trump’s “Big Beautiful Bill” Just Changed the Rules on Tipped and Overtime Pay — Here’s What Workers And Employers Need To Know

5 days ago

According to Brad Smith, president of Microsoft, the U.S. is entering a “new era” of the workforce. 

Inflation increases, employee demand shifts, and lack of childcare support are driving a deceleration in labor participation according to Smith. 

Advertisements
Maximize Flexible Space Revenue

Population growth has dwindled across some of the biggest global economy participants, while the average working age has also slowed down.   

“That helps explain part of why you can have low growth and a labor shortage at the height at the same time. There just aren’t as many people entering the workforce,” said Smith.   

Advertisements
Maximize Flexible Space Revenue

While many tech leaders are doomsday prepping for an economic downturn, Smith believes it is still too early to assume a recession will occur. 

However, Microsoft is still making its own adjustments as uncertainty looms. Recently, the company increased pay for employees, but simultaneously slowed down its hiring process and cut a small number of jobs to begin the new fiscal year. 

Microsoft’s core business of selling tools that optimize remote working and other related technology will allow it to sustain an economic downturn according to Smith. 

Advertisements
Subscribe to the Future of Work Newsletter
Tags: Business
Share6Tweet4Share1
Aayat Ali

Aayat Ali

Aayat is an editor for the Daily Digest based in Lexington, Kentucky. She has worked with local coworking spaces since August of 2017 and enjoys taking her firsthand knowledge to write about the fascinating, constantly evolving world of flexible workspaces.

Other Stories Recommended For You

FedEx Slashes Jobs And Facilities As Part Of $2 Billion Restructuring Plan
News

FedEx Slashes Jobs And Facilities As Part Of $2 Billion Restructuring Plan

byAllwork.Space News Team
13 hours ago

FedEx is moving forward with significant job reductions and facility closures in the U.S. as part of a multiyear effort...

Read more
Tech Giants Spend Over $1 Billion To Buy Back Into The U.S. Office Market

Tech Giants Spend Over $1 Billion To Buy Back Into The U.S. Office Market

13 hours ago
The U.K. Just Proved Gender Equality Is A Win For All Workers

The U.K. Just Proved Gender Equality Is A Win For All Workers

3 days ago
Trump’s “Big Beautiful Bill” Just Changed the Rules on Tipped and Overtime Pay — Here’s What Workers And Employers Need To Know

Trump’s “Big Beautiful Bill” Just Changed the Rules on Tipped and Overtime Pay — Here’s What Workers And Employers Need To Know

5 days ago
Advertisements
Workspaces Run Better On UltraSoftBIS
Advertisements
Nexudus - Tech Stack Lovers

Unlock your competitive edge in tomorrow's workplace.

Join a community of forward-thinking professionals who get exclusive access to the latest news, trends, and innovations that are shaping the future of work.

©2024 Allwork.Space News Corporation. All Rights Reserved.

Exploring the Future Of Work® since 2003.

Advertise   Newsletters   Privacy Policy   Terms Of Use   About Us   Contact   Submit a Press Release   Brand Pulse   Podcast   Events   

No Result
View All Result
  • Home
  • Latest News
  • Topics
    • Business
    • Leadership
    • Work-life
    • Workforce
    • Career Growth
    • Design
    • Tech
    • Coworking
    • Marketing
    • CRE
  • Podcast
  • Events
  • About Us
  • Solutions
    • Advertise | Media Kit
    • Publish a Press Release
    • Brand Pulse
Subscribe

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00