Thursday, October 20, 2022

The Daily Money: The end of the remote work era

Don't want to commute to an office? Well too bad. As the labor market tightens more employers are demanding employees work in person. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Thursday, October 20

Greetings from an annoyed Yankees fan, Elisabeth Buchwald.

Although, you have to give it to Kate Upton's husband, Justin Verlander, for striking out 11 batters in just six innings last night.  You can read more about baseball playoffs from our team of sports reporters. 

Finally, to all the Swifties reading this, happy Midnights album release eve. 

Now for the top Money stories to keep on your radar... 

There ain't no free lunch, especially in this economy. If you're hungry for savings at the grocery store (no pun intended) check out this guide. TLDR: buy more frozen and canned foods, pay attention to promotions in the meat aisle and consider getting a grocery store membership.

Bosses: Come back to the office (we're no longer asking)

Gone are the days when employers have to dangle Starbucks, free(ish) lunch and other perks to lure workers into the office. As labor market conditions tighten, employees are losing their ability to fight against in-person work mandates. 

"Companies are a little less concerned that they're not going to fill jobs if they lose people because of return-to-work policies," says Jim McCoy, senior vice president of talent solutions for ManpowerGroup, a leading staffing firm.

In fact, in some industries like tech, where layoffs are becoming more prevalent, employers are more likely lay off employees who resist return-to-work mandates, said Dustin York, a consultant for large corporations and associate professor of strategic communication and leadership at Maryville University in St. Louis.

📰 More stories you shouldn't miss ðŸ“° 

Buy I bonds now: Lock in a record 9.62% for 6 months. On Nov 1, the rate drops to 6.48%

The pros and cons: What could the Kroger-Albertsons merger mean for grocery shoppers?

Finding community on a theme cruise: From 'Star Trek' lovers to motorcycle enthusiasts

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.

Elisabeth Buchwald is a personal finance and markets correspondent for USA TODAY. You can follow her on Twitter @BuchElisab

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