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Gig Workers Are Here to Stay. It’s Time to Give Them Benefits.
Over 48 million Americans have applied for Unemployment Insurance (UI) in the wake of the Covid-19 pandemic. And though ridehail drivers are considered “essential” workers, Uber’s business dipped by 80% in April as shelter-in-place orders kept passengers at home. As demand for rides has plummeted, many ridehail drivers have also become uneasy about continuing to work because of the health risk to themselves, their families, and their passengers....
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Research: Why Corporate Fraud Reports are Down
While organizational fraud cases are on the rise, the percentage of those reported to the police has been declining in recent years. We can explain this in part because organizations worry that by reporting internal fraud they will harm their reputation. But when we conducted a 28-month ethnography, speaking directly with fraud specialists working in various types of organizations and a series of 27 formal interviews with Certified Fraud Examiners (CFEs), we found an additional reason: Many organizations believed that the police and legal system could not be trusted to fully investigate....
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How the Economy Differs for Workers, Consumers, and Savers
By many measures, the first two decades of the 21st century have been a time of opportunity and abundance — notwithstanding the 2008 global financial crisis. Our world has been transformed by the internet and smartphones. A billion people have come out of poverty. Employment relative to population in OECD countries is now above 70% — a record. And most economies are once again expanding at a steady if not spectacular clip....
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Making Stakeholder Capitalism a Reality
Stakeholder capitalism, a popular management theory in the 1950s and ‘60s that focused on the needs of all constituents, not just shareholders, has been poised to make a comeback since weaponized financial instruments brought down the economy in 2008. Now, spurred by the alarming climate crisis and increasing social challenges such as rising inequality, the movement is gathering additional steam. Increasingly, there’s a sense among business leaders that the prevailing ideology of putting shareholders above everyone else — which has reigned for the past 40 years — needs a serious update....
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