CNBC Marathon examines some of the challenges facing the labor market such as job hunting, remote work, and quiet cutting.

A staffing firm Insight Global found that recently unemployed full-time workers applied to an average of 30 jobs, only to receive an average of four callbacks or responses. So why does it feel so hard to get a job right now and is the U.S. labor market as strong as it seems?

Finding fully remote work is getting challenging. ​​ During the pandemic, remote work became the darling of the corporate world, and companies going fully remote became the new normal. As the world began to open up, though, corporate America shifted its stance on remote work. Some companies have even threatened to fire workers who don’t return to the office for a certain number of days.

In the 2023 American workplace, a new labor market trend took over where quiet quitting left off, quiet cutting. “Quiet cutting is what some people consider a subcategory of quiet firing,” said Nadia De Ala, a leadership and negotiation coach. This could be a sign that employers are taking back control over employees after the great resignation.

Chapters:
00:00 Introduction
00:49 Why Getting A Job Feels Impossible Right Now (Published February 2024)
11:25 Is The Golden Age of Remote Work Over? (Published November 2023)
22:13 How the American Workplace Went From ‘Quiet Quitting’ to ‘Quiet Cutting’ (Published October 2023)

Produced and Edited by: Anuz Thapa, Juhohn Lee
Animation: Alex Wood, Christina Locopo
Supervising Producer: Jeff Morganteen, Lindsey Jacobson
Additional Footage: Getty Images, Jenna Jackson
Production Support: Kate Sammer, Christian Nunley
Assistant Editor: Jack Hillyer
Additional Editing: Emily Rabbideau

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Why It’s So Hard To Be A Worker Right Now | CNBC Marathon

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CNBC’s Todd Hasleton takes a look at how Google Assistant stacks up against Siri on an iPhone.
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How Google Assistant Stacks Up Against Apple’s Siri | CNBC

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About 90% of all credit card spending is on rewards cards like Delta SkyMiles, Chase Sapphire Preferred or American Express Platinum. And these cards are hugely popular for a reason: you can earn cash back, upgrades on flights and many other perks. In 2019, about $35 billion in rewards was handed out to customers around the country. But how are banks paying for it all? A majority comes from interest earned from low-income consumers who revolve balances on a monthly basis. The rest is from merchant fees and things like annual, over-the-limit or foreign transaction fees. Some economists claim there’s an annual redistribution of more than $15 billion from less to more educated, poorer to richer and high to low minority areas – widening existing disparities.

Chapters:
00:00 — Introduction
01:51 — The business of credit cards
04:01 — How Americans spend
07:35 — Redistribution
12:32 — Solution

Produced and Edited by: Emily Lorsch
Senior Managing Producer: Tala Hadavi
Animation: Alex Wood, Jason Reginato and Christina Locopo
Additional Camera: Magdalena Petrova

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Who Actually Pays For Credit Card Rewards?

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When Amazon first launched its “Just Walk Out” cashierless checkout solution in 2018, analysts say it had the potential to revolutionize retail.
But in April, Amazon pulled the tech from Whole Foods and its U.S. line of Fresh grocery stores. Instead, Amazon focused on selling it to outsiders and installed it in 200 third-party stores in NFL stadiums, arenas, colleges, airports and more.
CNBC got the first on-camera tour of the lab used to develop the tech and its new “multi-modal” AI system.
Learn why Amazon is selling its cashierless tech to retailers after removing it from its own U.S. stores: https://youtu.be/uvlJvqwNGuc

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Micron is spending $115 billion to build the biggest chip project in U.S. history. CNBC visited Micron in Idaho and talked to Gov.

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