Why you might be in for a raise next year...
[Advertisement] December 08, 2021 [View Online]( | [Sign Up]( | [Shop]( [Morning Brew]( SPONSORED BY [E*TRADE ]( Good morning. Exactly one year ago, UK grandmother Margaret Keenan became the first person in the world to receive a Covid-19 vaccine. In the 365 days since⦠- More than 8.2 billion doses have been administered across 184 countries.
- 60% of the US population is fully vaccinated.
- But only 6.3% of people in low-income countries have received at least one dose. âMax Knoblauch, Jamie Wilde, Neal Freyman MARKETS Nasdaq 15,686.92 +3.03% S&P 4,686.75 +2.07% Dow 35,719.43 +1.40% 10-Year 1.476% +4.1 bps Bitcoin $50,268.70 -0.85% Nvidia $324.27 +7.96% *Stock data as of market close, cryptocurrency data as of 5:00pm ET. [Here's what these numbers mean.]( - Markets: Omicron who? Fed tapering what? Stocks continued to [roar back]( from their post-Thanksgiving hangover, with tech shares leading the way. The Nasdaq had its best day since March.
- Covid: [Pfizerâs Covid-19 vaccine]( is less effective, but still provides some protection, against the Omicron variant, an early study from South Africa showed.
- US government: Congress had a busy evening. Lawmakers reached a deal to raise the countryâs debt ceiling, and the House passed a [$768 billion defense policy bill]( that increases pay for servicemembers. LABOR [That's a Venti Union Election for...Strabusk?](
[A Starbucks cup is stuffed full of union voting ballots.](Francis Scialabba The National Labor Relations Board (NLRB) [rejected Starbucksâs bid]( on Tuesday to delay a union election at three Buffalo-area locations. On the bright side for the company, the NLRB spelled their name correctly. With the last-ditch effort to pause the election unsuccessful, Starbucks will now await the results of Thursdayâs union vote count. Ballots are due today for all three locationsâeach store will have its own election. Those separate âstore-by-storeâ elections were the subject of Starbucksâs request to delay. The company argued that a union vote should be regional and involve all 20 chain locations in the areaâa move that would favor Starbucks, as union organizers would have to secure a much larger number of votes. All eyes on blustery Buffalo Although the organizing campaign concerns just three stores (with about 100 employees total), itâs become the focus of national attention. High profile supporters including Sen. Bernie Sanders on laborâs side and dozens of Starbucks corporate executives on managementâs side have waded into the union drive. If any of the three elections are successful, the location would be the first corporate-run Starbucks store in the US to unionize. (Name idea: Steamsters. Just throwing it out there.) For a chain with 9,000 US corporate-owned locations, Starbucks has poured a trenta amount of energy on stopping the union drive. - President of Starbucks North America, Rossann Williams, visited a Buffalo location in September and began sweeping floors there.
- Former CEO Howard Schultz gave a [strange talk]( to Buffalo-area employees four days before ballots were mailed out.
- Starbucks transferred several voting-eligible employees to two of the Buffalo locations. One store, which in August had about 20 eligible employees unanimously in support of unionizing, now has 46 eligible employees, according to Starbucks. Zoom out: Just 10.8% of the US workforce belonged to a union in 2020, and corporations would prefer it that way (or less). Kelloggâs, one of several US companies to face a strike from unionized employees in recent months, said on Tuesday that it would permanently replace its striking workers.âMK Â Â Â mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=That%27s%20a%20Venti%20Union%20Election%20for...Strabusk%3F%3A%20https%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fstories%2FBuffalo-Starbucks-workers-union-vote%3Futm_campaign%3Dmb%26utm_medium%3Dnewsletter%26utm_source%3Dmorning_brew%26mid%3D{{md5%28profile.email%29}}%26uid%3DhtwfLgmyDtkWRTXRTk6KksLR%0A%0AWant%20more%20great%20content%3F%20Subscribe%20to%20Daily%20Brew%20%E2%80%94%20Delivering%20the%20latest%20business%20news%20from%20Wall%20St.%20to%20Silicon%20Valley%2C%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3Da905682a%26utm_source%3Demail_share%0A GEOPOLITICS [Biden and Putin Play 'Risk' IRL]( President Biden and Russian President Vladimir Putin [chatted]( for more than two hours yesterday in a high-stakes meeting over the future of Ukraine. Russia, you see, has [amassed ~100,000 troops]( at the Ukraine border, and Western countries are worried Putin is planning to invade his neighbor to the west in early 2022. Itâs not entirely clear what Russiaâs ultimate goal is, but the show of force is concerning to Western governments that want to maintain stability in Europe. - Russia and Ukraine have a history. Ukraine was a Soviet republic until it gained independence in 1991, and in 2014 Russia annexed the countryâs Crimean Peninsula.
- More than 14,000 people have died in the conflict since. How will the West punch back? In the event of an invasion, it will do to Russiaâs economy what Michigan did to Ohio State. Punishments could include putting sanctions on Russiaâs banks, making it harder for Russia to convert roubles to dollars, and pressuring Germany to block a pipeline that would allow Russia to sell more gas to Europe. Bottom line: Stress levels are high along the Eastern front. Donât believe us? Hereâs what Ukraineâs official Twitter account posted yesterday. [Tweet from Ukraine's Twitter account showing stress levels residing next to Russia]
   mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=Biden%20and%20Putin%20Play%20%27Risk%27%20IRL%3A%20https%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fstories%2FBiden-Putin-talk-tension-Ukraine-Russia%3Futm_campaign%3Dmb%26utm_medium%3Dnewsletter%26utm_source%3Dmorning_brew%26mid%3D{{md5%28profile.email%29}}%26uid%3DhtwfLgmyDtkWRTXRTk6KksLR%0A%0AWant%20more%20great%20content%3F%20Subscribe%20to%20Daily%20Brew%20%E2%80%94%20Delivering%20the%20latest%20business%20news%20from%20Wall%20St.%20to%20Silicon%20Valley%2C%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3Da905682a%26utm_source%3Demail_share%0A SOCIAL MEDIA [Instagram to Teens: Letâs Take a Break](
[Lady Bird Teen Phone](Giphy But they mean it in a Ross and Rachel kind of way. Yesterday, Instagram [announced]( new safety features for teens, including a pop-up reminder to âtake a breakâ from the app when theyâve been scrolling too long. The announcement comes just one day ahead of when CEO Adam Mosseri will testify before Congress on the effects of Instagram on teensâ mental health. Hereâs what else is new: - Users will be restricted from tagging and mentioning teens who donât follow them.
- Teens will be ânudgedâ when theyâve spent too much time âdwellingâ on one topic.
- Parents and guardians will be able to view (and limit) how much time their teenage kids spend on Instagram. Some of these features are already rolling out, while others are set to hit the app in January. Zoom out: Teens have ghosted Instagram from the get-go, and we mean that literally because their favorite social media platform is Snapchat, followed by TikTok, per a survey by Piper Sandler. Thatâs despite Instagramâs [best efforts]( to win them over: It copied Stories from Snapchat in 2016, and since 2018 it has reportedly spent nearly its entire marketing budget targeting teens, per the NYT.âJW Â Â Â mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=Instagram%20to%20Teens%3A%20Let%E2%80%99s%20Take%20a%20Break%3A%20https%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fstories%2FInstagram-New-Safety-Features-Teens%3Futm_campaign%3Dmb%26utm_medium%3Dnewsletter%26utm_source%3Dmorning_brew%26mid%3D{{md5%28profile.email%29}}%26uid%3DhtwfLgmyDtkWRTXRTk6KksLR%0A%0AWant%20more%20great%20content%3F%20Subscribe%20to%20Daily%20Brew%20%E2%80%94%20Delivering%20the%20latest%20business%20news%20from%20Wall%20St.%20to%20Silicon%20Valley%2C%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3Da905682a%26utm_source%3Demail_share%0A SPONSORED BY E*TRADE [Any Job Can Get a Little Dull](#)
[E*TRADE ]( Even if itâs your dream jobâsomething as stellar as, say, being an astronaut. The first time that rocket thrusts you into space, itâs probably pretty sweet, but by your 10th mission...yeah, thatâs a lot of freeze-dried astronaut food. Itâs important to start planning for the future you want to live inâinstead of settling for one you feel stuck with. [E*TRADE]( can help you get your finances in order, so you can pursue new goals, dream in new ways, and maybe retire somewhere warmer than the moon one day. With [E*TRADE](, you get access to easy-to-use tools, no account minimums, and $0 commissionsânot to mention financial tips to help you along the way. Whether youâre done collecting moon rocks, want to buy a new house, or need a vacation in the new year, your finances are where change begins. [Stop waiting and start investing with E*TRADE](. *Paid Advertisement  GRAB BAG [Key Performance Indicators](
[Krusty Krab money shower](Giphy Stat: The top 0.01% of individuals [own 11%]( of global wealth, according to the new World Inequality Report 2022, up from 10% last year. That top 0.01% includes 520,000 adults with household wealth of at least $19 million. Quote: âOH-mee-kraanâ Some of yâall donât know how to pronounce certain variants and it shows. The US Captioning Company released its list of the [most mispronounced words]( for this year, which includes cheugy (CHOO-gee), ethereum (ih-THEE-ree-um) and the Greek tennis player Stefanos Tsitsipas (STEH-fuh-nohs TSEE-tsee-pas). Read: Iâm the TikTok couch guy. Hereâs what it was like being investigated on the internet. ([Slate]() Â Â Â mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=Key%20Performance%20Indicators%3A%20https%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fstories%2F2021%2F12%2F07%2Fkey-performance-indicators-december-8%3Futm_campaign%3Dmb%26utm_medium%3Dnewsletter%26utm_source%3Dmorning_brew%26mid%3D{{md5%28profile.email%29}}%26uid%3DhtwfLgmyDtkWRTXRTk6KksLR%0A%0AWant%20more%20great%20content%3F%20Subscribe%20to%20Daily%20Brew%20%E2%80%94%20Delivering%20the%20latest%20business%20news%20from%20Wall%20St.%20to%20Silicon%20Valley%2C%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3Da905682a%26utm_source%3Demail_share%0A ECONOMY [Weâre All Getting a Raise]( 2022 could be the year you finally buy that Dyson vacuum cleaner, because companies plan to [fatten up]( paychecks more than they have in over a decade, according to a Conference Board survey previewed by the WSJ yesterday. Theyâre setting aside an average of 3.9% of next yearâs total payroll for wage increases. Itâs a sign that salaries will continue to rise in 2022, like they have been doing all year: - Private-sector hourly pay rose 4.8% last month compared to Nov. 2020, the fifth straight month wages have risen more than 4%, the Labor Department reported Friday.
- Compensation including wages and benefits rose faster in the third quarter of this year than at any other point on record. Why now? Due to the ongoing labor shortage, employers are paying up to attract and retain the best and brightest. Plus, the cost of living is increasing: Almost four-in-ten of the companies surveyed said they factored inflation into their decisions to increase pay. But beware of the â[wageâprice spiral](.â When companies raise wages to combat inflation, theyâre often forced to raise prices on consumers, which leads to even more inflation.âJW Â Â Â mailto:?subject=Check%20out%20this%20story%20from%20Morning%20Brew%21&body=We%E2%80%99re%20All%20Getting%20a%20Raise%3A%20https%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fstories%2Fcompanies-are-increasing-wages%3Futm_campaign%3Dmb%26utm_medium%3Dnewsletter%26utm_source%3Dmorning_brew%26mid%3D{{md5%28profile.email%29}}%26uid%3DhtwfLgmyDtkWRTXRTk6KksLR%0A%0AWant%20more%20great%20content%3F%20Subscribe%20to%20Daily%20Brew%20%E2%80%94%20Delivering%20the%20latest%20business%20news%20from%20Wall%20St.%20to%20Silicon%20Valley%2C%20daily.%0Ahttps%3A%2F%2Fwww.morningbrew.com%2Fdaily%2Fr%2F%3Fkid%3Da905682a%26utm_source%3Demail_share%0A WHAT ELSE IS BREWING - [A major outage]( on some Amazon Web Services servers caused headaches for sites across the internet and for the companyâs delivery workers.
- [Olaf Scholz]( will take office today as Germanyâs chancellor, ending Angela Merkelâs 16-year run leading Europeâs largest economy.
- [The UAE]( is switching to a 4.5-day work week to better align itself with global financial markets and attract expats.
- [Apple]( will produce Bad Blood, a feature film from Adam McKay that will star Jennifer Lawrence as Elizabeth Holmes. SPONSORED BY E*TRADE Today is a good day to dream. Youâve probably got a lot flying around right now in the way of finances, including holiday spending, budgeting for the new year, and goal setting. With a full range of investment choices, easy-to-use tools, and $0 commissions, [E*TRADE]( can help you get a handle on your finances and start investing for the futureâwhatever your dreams might be. [Start investing with E*TRADE today](. *Paid Advertisement  BREW'S BETS Get planning: 2022 is less than a month away. Tomorrow, Marketing Brew is hosting an event thatâll recap the biggest trends of 2021 and help you set your organization up for success next year. [Register here](. Hollywood circa 2022: Try to find the movie thatâs [not a sequel](. GatesNotes: Bill Gates reflects on âthe most unusual and difficult yearâ of his life in his [2021 recap](. FROM THE CREW [It's Hoodie Szn](#)
[Shop hoodies and crewnecks ] Thereâs a reason Bill Belichick wears hoodies in freezing temps: Theyâre warm, stylish, and provide an air of dominance. Make sure you snag a Morning Brew hoodie (or a crewneck, if thatâs more of your vibe) as the winter weather creeps in. Weâre partial to the black-on-black, but we know youâll find a sweatshirt youâll love across our wide selection. [Shop now]( GAMES [The Puzzle Section](#) Word Search: Take a walk along Canal Street and see how many of these [luxury logos]( you can identify. Parental Advisory Weâll give you a brand, and you have to name its parent company. - Blue Bottle Coffee
- Banana Republic
- Burtâs Bees
- Skittles
- Scotch Tape
- Tylenol
- Shazam SHARE THE BREW [Shut Out the Noise](#)
[Bose headphones giveaway]( People often ask us, âWhatâs the secret to writing the Morning Brew newsletter?â Well, weâll tell you: Itâs noise-canceling headphones. Nothing blocks out distractions and lets you focus quite like these ear pillows. Want a pair? Nowâs your chance. Refer a friend to the Brew before midnight (ET) tonight and youâll both have a chance to win Boseâs wireless, noise-canceling headphones. Plus, every confirmed referral is one entry to win. So the more you refer, the more entries you get. [Share to win]( *Disclaimer: Only readers with US addresses are eligible to participate. Here are the [terms and conditions](. ANSWER 1. Blue Bottle Coffee = Nestlé
2. Banana Republic = Gap Inc.
3. Burtâs Bees = Clorox
4. Skittles = Mars
5. Scotch Tape = 3M
6. Tylenol = Johnson & Johnson
7. Shazam = Apple HOW WAS TODAY'S NEWSLETTER? [GREAT]( [GOOD]( [BAD]( â³ï¸ A Note From E*TRADE No commissions on online stock, options and ETF trades. Exclusions and other fees may apply. For more information on pricing, visit [etrade.com/pricing.]( Written by [Neal Freyman](, [Max Knoblauch](, and [Jamie Wilde]( Was this email forwarded to you? Sign up [here](. WANT MORE BREW? Industry news, with a sense of humor â - [Emerging Tech Brew](: AI, crypto, space, autonomous vehicles, and more
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