Here is a look at the top headlines we've curated this week about the world of retail, technology and work:
🤔 Americans Who Want to Quit Jobs Reach 17-Year High
🎯 Targeting Targets Most Targeted
📦 E-Tail Eating up Warehouse Space
🏡 Trade War Targets Home
🍔 Traffic Lines up for Drive-Thru
⚠️ App Gives Workers Safety Net
🍴 Giving Hope in the Recovery Kitchen
💰 Meet America's Richest Self-Made Women
🍕 Disrupting Pizza Parlors with Bots
📚 Books We're Reading This Week
🤔 Americans Who Want to Quit Jobs Reach 17-Year High | Via: Los Angeles Times
If you have a 'case of the Mondays' all week, you might be part of a growing trend of Americans who are thinking about quitting.
The proportion of American workers who quit their jobs in May reached the highest level in 17 years, a sign that more people are confident they can find a new job, probably at higher pay.
Businesses advertised fewer jobs in May than the previous month, but the tally of open positions still outnumbered the ranks of the unemployed for the second time in the last two decades, the Labor Department said Tuesday.
The figures reflect a strong job market driven by optimistic employers seeking to expand their workforces. Last week's jobs report showed that businesses hired workers at a healthy pace and the unemployment rate remained very low, at 4%.
🎯 Targeting Targets Most Targeted | Via: Fast Company
If you happen to be a die-hard fan of Target, there's an app for you.
But, you can't just download this app. Target is uber-selective about who gets in -- hand selecting and inviting just under 600 users to take part in "Studio Connect," developed inside Target HQ with the goal of connecting feedback to the design team.
Those tapped for the app are included in a digital feedback world -- one that looks very much like Instagram, where they can see and test out products early. It used to be that retailers would have to set up focus groups and invite people to travel to test out future products that may make the cut, but now new digital tools that look and feel a lot like our social network feeds are helping bring consumers much closer to retailers than ever before.
📦 E-tail Eating Up Warehouse Space | Via: Wall Street Journal
Our demand for online ordering knows no bounds.
Warehouses in the U.S. are bulging with online shopping orders. The availability of space to store and process the goods has reached its lowest level this century, according to economists at real estate brokerage CBRE Group. Even as new space is built, the industrial availability rate has fallen for a record 32 quarters, to 7.2%.
🏡 Trade War Targets Homes | Via: Bloomberg Business
Americans will likely feel the effects of the latest round of U.S. tariffs targeting Chinese-made goods. The new tariffs will hit people in nearly every corner of their homes from the kitchen to the bedroom.
Trump’s initial tariffs on $34 billion of Made-in-China goods, which took effect on July 6, stayed clear of popular household products. But as he looks to penalize nearly half of the $505 billion the U.S. imported from China last year, it’s getting harder to shield the public.
So, what items will see an impact?
🍴 Cutlery, including forks and knives
❄️ Refrigerators and freezers
🌱 Lawn tools
🚗 Car parts
🎄 Christmas tree lights
The Big Idea 🤔
🍔 Traffic Lines up for Drive-Thru | Via: Orange County Register
If you've swung through your local drive-thru, you may have noticed a lot of cars in front of you.
Whether it's at the McDonalds or Starbucks, more cars are queuing up for food.
“The majority of the restaurants are 60-70 percent drive-thru,” said McDonald’s franchisee Todd Horner, who with his family owns more than 30 locations across Los Angeles, Orange, Riverside and San Bernardino counties. “Ones that are closer to the freeways tend to be a little bit higher.”
There are even a few new drive-thru and walk-up only restaurants without dining rooms, such as a Dunkin’ Donuts that opened last fall in Lake Forest and some Starbucks locations in Pomona, Covina and Riverside.
Chains are responding to demand by for drive-thru service by building new restaurants with every efficiency they can devise, including layout and ordering technology.
⚠️ App Giving Gig Workers Safety Net | Via: Wired
As the number of gig and freelance workers continues to rise, one problem remains evident: there is a lack of available benefits without trying to secure 9-to-5 jobs or hourly work.
In the past few years, many have seized on the idea of “portable benefits": insurance and paid time off not bound to a single employer. In 2015, dozens of academics, entrepreneurs, and CEOs—including the cofounders and CEOs of Lyft, Handy, and Instacart—signed a manifesto calling for such a system. Last year, Senator Mark Warner (D-Virginia) introduced legislation that would offer grants to states, cities, and community groups to create pilot programs of portable benefits.
**🍴Giving Hope in the Recovery Kitchen **| Via: New York Times
Sometimes, hope comes in the most unexpected places.
In the restaurant industry, addiction is a pervasive problem, but often overlooked or not talked about. Two restaurant owners in Kentucky decided to take things into their own hands when they realized they had lost 13 employees to addiction over the course of a year. They weren't fired. They were dead.
So Mr. Perez, 53, and Ms. Perez, 51, decided to take a nationwide crisis into their own hands. Last September, they opened DV8 Kitchen, a restaurant that not only hires people in treatment for addiction to opioids or other substances, but also focuses its entire business model on recovery, using the restaurant setting as a tool for rehabilitation.
At DV8 Kitchen, one of four restaurants they own, the Perezes pay just over $12 an hour on average, which Mr. Perez said is 20 percent above the rate at many local fast-food chain restaurants. In turn, employees are held to exacting standards. There is no bar, and a zero-tolerance policy for tardiness. Tips are pooled, then added directly to paychecks, so no cash is exchanged. (The name is a play on the word “deviate” — a reference to the employees’ aim to detour from their pasts and rebuild their lives.)
Heard From Around The Web 💬
💰 Meet America's Richest Self-Made Women | Via: Forbes
Forbes unveiled its newest list of America's richest self-made women with a cover story dedicated to 20-Year-Old Kylie Jenner, who built a $900 million fortune in under three years. The net worth of the list’s top 60 women is $71 billion, which is a 15% increase from 2017.
In typical fashion, Jenner has already seen her share of criticism over just how to define "self-made." As Web Smith, founder of 2 pm Inc. noted yesterday, "Kylie Cosmetics sold $100m+ more than Warby Parker did in 2017. Warby has raised $300M, Jenner is the sole owner with no outside capital raised."
Some others notable names on the list:
📺 Oprah Winfrey - $3.1 billion
👠 Tory Burch - $800 million
👗 Vera Wang - $630 million
🍕Disrupting Pizza Parlors with Bots [VIDEO] | Via: Quartz
In our last newsletter, we talked about how automation and robotics are impacting the burger world.
Another day, another robot story, in a completely different food vertical.
Can the pizza pie be disrupted?
Ekim is a French food tech startup. Recently, it raised €2.2 million ($2.5 million) in venture capital to disrupt the pizza business with robots.
Pizza-making robots are not a new concept. Frozen pizza production is typically automated in factories. But Ekim is after a different slice (sorry) of the pizza market: It wants to replace pizzerias, and the people who work in them, with 24-hour, completely automated, fresh pizza kiosks.
📚 Books We're Reading
📚 Three Books to Consider What Happens When the Robots Take Over | Via: New York Times
The 'Future of Work' is a topic on many people's minds today.
It just so happens to be a title of a book we are reading this week.
There is little doubt humanity is on the precipice of massive change in how we work. The only question is whether it is a future of shared prosperity and leisure or one of mass unemployment and turmoil.
“The Future of Work” by author Darrell M. West offers a quick introduction to the basic concepts that underlie the debate. We find here all the current buzzwords, from “machine learning” to “the Internet of Things” to “precision medicine.” It's an interesting and topical primer, to all the topics you may not be familiar with that are shaping the future of work.
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