Economics

Chinatown residents protest short-term rentals

Chinatown residents protest short-term rentals

Says commercial operations driving up rents, squeezing residents

RESIDENTS MARCHED through the streets of Chinatown to the Massachusetts State House on Thursday to protest a short-term rental industry that they say is squeezing out residents of the downtown community. Short-term rental services such as Airbnb have become increasingly popular among tourists in the city as an affordable lodging alternative to pricier hotels. But(...)

Read More »

Business groups giving MBTA $500,000

Business groups giving MBTA $500,000

Head of CEO group says 7 organizations have pledged money

A COALITION OF BUSINESS GROUPS plans to give the MBTA $500,000 on Monday to help pay for initiatives to recruit, train, and retrain workers. MBTA officials announced a series of human resource initiatives on Monday that they hoped to launch with the help of a prominent business group, but they gave no indication of how(...)

Read More »

Are esports really sports?

Are esports really sports?

Lots of similarities, but there’s no consensus

OVER LABOR DAY WEEKEND, fans gathered at TD Garden to witness a spectacle unlike any previously hosted at the venue. The stage and venue configuration were similar to what one would find at a professional wrestling match, except that the competitors battled each other at computers instead of in a ring. An estimated 12,000 people(...)

Read More »

Perchance to dream

College campuses are anxiously waiting for President Trump’s decision on whether to dismantle or even substantially change the Deferred Action for Childhood Arrivals. DACA was an executive order from then-President Barack Obama in 2012 that stopped deportation of undocumented immigrants who were brought to the US as children and who pose no security threat. But(...)

Read More »

Don’t just sell, sell to your employees

Don’t just sell, sell to your employees

Few firms are familiar with worker ownership models

SMALL BUSINESSES IN MASSACHUSETTS will soon face a generational impasse. As baby boomers begin to retire, the businesses they have built will need new owners, but who these owners will be is still unclear. While baby boomers collectively own more than 50 percent of businesses with employees in America, only 28 percent of them have a(...)

Read More »

Got robots?

Got robots?

Dairy farmers use technology to eke out a living

Sixth-generation family farmers Dave and Steve Barstow have stretched the limits of what dairy farmers can do to stay afloat. They opened a store and bakery on their dairy farm at the foot of Mt. Holyoke in Hadley. They generate electricity from composted cow manure and food scraps. They even market a line of farm(...)

Read More »

Jobless rates dropping all over MA

Jobless rates dropping all over MA

Of 10 metro areas in US with biggest declines, 7 from Bay State

NEW ECONOMIC DATA suggest the state’s labor market is nearing full capacity, which is translating into employment gains across the state and not just in metropolitan Boston. A group of Massachusetts economists released a MassBenchmarks report on Wednesday suggesting tight labor market conditions are likely to lead to worker shortages in some occupations and high(...)

Read More »

Airbnb launches charm offensive

Airbnb launches charm offensive

TV ads come as Beacon Hill considers regulation

STATE HOUSE NEWS SERVICE WITH A POLICY BATTLE on the Beacon Hill horizon, the short-term rental company Airbnb has launched a TV advocacy campaign framing itself as a boon to local small business, a check against inequality, and a reliable source of income for hosts. The charm offensive comes as legislative leaders appear to be(...)

Read More »