Tag: valued

Clap all you like now, but workers with meaningful jobs deserve to be valued in a post-coronavirus economy too
COVID-19, HEALTH & WELLNESS

Clap all you like now, but workers with meaningful jobs deserve to be valued in a post-coronavirus economy too

The coronavirus recession has laid bare how illogically the U.S. labor market values work that matters. In the United States, as elsewhere, citizens have been extolling the role of essential workers – such as nurses, grocery suppliers and delivery drivers – by, for example, rewarding them with nightly claps. Yet many of these employees receive low pay and few protections, suggesting a different appreciation of their worth in the market. But in highlighting this disconnect, perhaps the crisis has also provided an opportunity to reimagine an economy that values jobs for something more than just wealth creation: meaningfulness. A moral market? Meaningfulness has to do with how much one’s work matters in a moral sense, which is not always signified by how much money a job pays. It often rela...
BUSINESS

Slack now valued at more than $19bn in successful IPO

The company debuted on the New York Stock Exchange and expects revenue growth this year, but at a slower pace. A parade of initial public offerings from Silicon Valley this year has garnered a mixed reception from investors. Slack Technologies Inc. took a different route on Thursday, and saw its shares soar as it went public without an IPO. Slack opened at $38.50 on the New York Stock Exchange Thursday, well above the reference price of $26 that was set for the shares in the direct listing. The stock closed at $38.62, giving the company a market value of $19.5 billion. That’s a huge increase from Slack’s last private funding round in August, which valued the company at $7.1 billion. Thursday’s debut makes Slack the second-most valuable technology company to...