Economists challenge a politicians’ truism.
About 3,000 manufacturing jobs have returned from offshore to the Northeast in the past five years, including 600 to Massachusetts, according to the Reshoring Initiative, a group that promotes US manufacturing. The higher costs of doing business in Massachusetts can work against the state, said Harry Moser, the group’s founder, but reshoring here is still attractive to some companies because of the skilled workforce and proximity to colleges and universities.
In the sharing economy, some say there are no employees, which is great for companies but terrible for workers. Others (like Uber) say we’re leveraging technology to empower individuals to work flexibly and companies to more efficiently share or provide their good and services. Regardless of your stance on the sharing economy, we’ve arrived at it. And now we’re standing at an intersection where over-educated, under-experienced knowledge workers are meeting an influx of task-based gigs. It seems today’s oversupply of knowledge workers only has one interim career option: become a gig worker.
The jobs picture keeps getting brighter in the Bay State. The Massachusetts unemployment rate slid to 4.6 percent in May from 4.7 percent the previous month, matching the low point before the so-called Great Recession began in December 2007, the state Executive Office of Labor and Workforce Development reported Thursday.