Labor

The news business is on pace for its worst job losses in a decade as about 3,000 people have been laid off or been offered buyouts in the first five months of 2019. The cuts have been widespread. Newspapers owned by Gannett and McClatchy, digital media companies like BuzzFeed and Vice Media, and the cable news channel CNN have all shed employees. The level of attrition is the highest since 2009, when the industry saw 7,914 job cuts in the first five months of that year in the wake of the financial crisis. 

AT&T has informed employees of plans to cut another 1,800 jobs from its wireline division. AT&T declared more than 1,800 jobs nationwide as "surplus," meaning they are slated to be eliminated in Aug or Sept, said the Communications Workers of America (CWA). AT&T said that most affected union workers will be able to stay at the company in other positions. 

Reps Tim Walberg (R-MI) and Yvette Clarke (D-NY) introduced the TOWER Infrastructure Deployment Act (HR 3255), bipartisan legislation to help close the workforce shortage in the telecommunications industry. HR 3255 reflects the need for a highly-skilled, professional workforce equipped to deploy 5G, lightning-fast broadband networks, and new broadcast technology. The act: 

The Federal Communications Commission is renewing the charter of the Advisory Committee on Diversity and Digital Empowerment for a two-year period. The purpose of the Committee is to make recommendations to the FCC on how to empower disadvantaged communities and accelerate the entry of small businesses, including those owned by women and minorities, into the media, digital news and information, and audio and video programming industries, including as owners, suppliers, and employees.

We examine the effects of broadband speed on county unemployment rates in Tennessee. We merge the older National Broadband  Map dataset and the newer Federal Communications Commission dataset in lengthening our broadband access data over the period 2011-2015. Extending the dataset improves the precision of the estimates. Our panel regressions control for potential selection bias and reverse causality and show that broadband speed matters: unemployment rates are about 0.26 percentage points lower in counties with high speeds compared to counties with low speeds.

The first statistical evidence on the effects on labor market outcomes of municipal broadband systems. Using data obtained from the US Census Bureau’s American Community Survey, we apply the Difference-in-Differences estimator, augmented with Coarsened Exact Matching and the wild bootstrap, to quantify the economic impact, if any, of the county-wide government-owned network (“GON”) in Chattanooga (TN) on labor market outcomes. Across a variety of empirical models, we find no payoffs in the labor market from the city’s broadband investments.

AT&T has cut more than 23,000 jobs since receiving a big tax cut at the end of 2017, despite lobbying heavily for the tax cut by claiming that it would create thousands of jobs. AT&T in Nov 2017 pushed for the corporate tax cut by promising to invest an additional $1 billion in 2018, with CEO Randall Stephenson saying that "every billion dollars AT&T invests is 7,000 hard-hat jobs. These are not entry-level jobs.

Renewed trade tensions between the US and China threaten to throw Apple back into the global trade battle, putting its iPhone business at risk just as the tech giant appeared to be shoring up declining sales of its most important product. The round of tariff increases that hit May 10 don’t directly affect iPhones, iPads, Macs or Apple Watches. But President Donald Trump recently threatened a tariff of 25% on $325 billion in Chinese imports that haven’t previously been targeted by duties. Those would cover virtually all Chinese exports to the US, including Apple’s most important devices.

Sen Chris Van Hollen (D-MD) and Rep Yvette Clarke (D-NY) are urging the Federal Communications Commission to officially begin collecting data on the racial, ethnic and gender diversity of the broadcast workforce, saying that information could "empower" the commission to improve its oversight of the broadcast industry. The FCC's Democratic commissioners have been raising concerns about the issue for months, arguing that the FCC should reinstate the form (395-B) that requires broadcasters to report the racial, ethnic and gender breakdown of their offices.