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☆ We have more insights as to where the economy is headed — and it's not good
  + stars: | 2024-04-26 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at how the latest GDP data has shifted the expectations of where the economy is headed. Now, the economy will need some type of event (see: bubble popping) for rate cuts to become an option anytime soon, Miskin said. Energy price shocks could bring the world economy to a "vulnerable moment," chief economist Indermit Gill warned.
Persons: —, TikTok, they're, you'd, Jia Feng, It'll, Insider's Madison Hoff, It's, Jerome Powell, Anna Moneymaker, BI's Filip De Mott, Jamie Dimon, Matt Miskin, Miskin, Mark Zuckerberg, C, Cox, Jenny Chang, Rodriguez, Goldman Sachs, Guess what's, Indermit Gill, Alphabet's, Redmond, Tyler Le, Doug McMillon, execs, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Business, Service, Reserve, stagflation, JPMorgan, Wall Street, John Hancock Investment Management, Galatioto Sports Partners, Bank, Google, Big Tech, Microsoft, Health, Linkedin, YouTube, ExxonMobil Locations: Chevron, New York, London
☆ Blue-collar workers could save the US from recession as the tech industry withers
  + stars: | 2023-05-14 | by ( Juliana Kaplan | Andy Kiersz | ) www.businessinsider.com   time to read: +8 min
After a pandemic-era tech jobs boom — and now bust — more and more Americans are returning to blue-collar work for better pay and more security. As AI stands poised to potentially remake white-collar work, blue-collar work may emerge even more resilient. The Biden administration has been devoted to turning that around, pouring billions into projects devoted to bringing manufacturing jobs back stateside. And another key to the puzzle is treating blue-collar work with respect, like any other work — including high-paying tech jobs. Are you thinking of taking the plunge into blue-collar work, or have you already?
☆ More students are learning to be mechanics, chefs, and construction workers as college enrollment shrinks
  + stars: | 2023-04-20 | by ( Grace Mayer | ) www.businessinsider.com   time to read: +3 min
Construction, culinary, and mechanic trade programs all saw enrollment increase last year. Across construction, culinary, and mechanic trade programs, all experienced increases in enrollment between spring 2021 to 2022, the study found. Enrollment in culinary programs increased 12.7% and 11.5% in mechanic and repair trade programs over the same time period. Prior to the pandemic, these sectors were experiencing labor shortages in skilled trade workers, particularly in construction, according to data from the Federal Reserve Economic Data. Overall, total college enrollment was down 4.1% from spring 2021 to spring 2022.
☆ Florida's climate exodus
  + stars: | 2023-02-26 | by ( Matt Turner | Dave Smith | ) www.businessinsider.com   time to read: +4 min
On the agenda today:But first: Economy reporter Madison Hoff explains why "quiet" is the workplace word for 2023. This week's dispatchWhisper it, but "quiet" might just be the workplace word for this year, Insider's Madison Hoff writes. And although it doesn't use the word "quiet," there are related workplace terms floating around like "Bare Minimum Monday" and "Try Less Tuesday." But Arias Agencies is now at the center of an explosive lawsuit that alleges a pattern of unchecked sexual assault and harassment. What to know about Florida's climate exodus.
☆ 'Resenteeism:' When you hate your job enough to do more than 'quiet quit,' but are too anxious about the economy to leave
  + stars: | 2023-02-09 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +4 min
"Resenteeism" is aiming to join the worker's lexicon alongside "quiet quitting." It describes being openly apathetic about work, but being reluctant to quit due to anxiety about job security. The job market is still going strong, but Americans are anxious about tech layoffs and a possible recession. Resenteeism involves keeping your job when you don't want to — namely, when you're worried about job security or a lack of other opportunities available. What makes resenteeism different from normal 9-to-5 blues, in theory, is that you're more open with your dissatisfaction at work.
☆ Gig workers choose freedom in their careers — but some worry about how retirement will look
  + stars: | 2023-01-14 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +3 min
A survey of 2,000 freelancers revealed more than half of respondents felt pressured to save a certain amount for retirement. The average freelancer anticipates needing at least $350,000 saved up to retire, Talker reported. One gig worker told Insider financial literacy and investments are key to planning for timely retirement. "When I'm able to decide what I want to do with my time, there are things I can do to help me learn and grow my own business," Hill told Insider. However, Hill said retiring from gig work in a timely manner is something only the financially literate can achieve, adding that odd jobs alone probably aren't enough to successfully reach that milestone.
☆ Gig workers are choosing freedom over being chained to a desk — but that still leaves question marks around retirement
  + stars: | 2022-12-22 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +3 min
A survey of 2,000 freelancers revealed more than half of respondents felt pressured to save a certain amount for retirement. The average freelancer anticipates needing at least $350,000 saved up to retire, Talker reported. One gig worker told Insider financial literacy and investments are key to planning for timely retirement. "When I'm able to decide what I want to do with my time, there are things I can do to help me learn and grow my own business," Hill told Insider. However, Hill said retiring from gig work in a timely manner is something only the financially literate can achieve, adding that odd jobs alone probably aren't enough to successfully reach that milestone.
☆ Gen Z's 6-figure side hustles should scare companies more than quiet quitting, says Gary Vaynerchuk: 'There's so many goddamn options for these kids to make money on the internet'
  + stars: | 2022-09-28 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +5 min
Gary Vaynerchuk said on TikTok that companies need to court Gen Z with better pay and career growth potential. He said Gen Z has more avenues than ever to make money on side hustles. That dynamic is more dangerous for companies than the "quiet quitting" trend, Vaynerchuk said. He said as much in a recent TikTok video, when asked about the "quiet quitting" trend. "We shit on Gen Z for being entitled and lazy, and what they're being is thoughtfully understanding of their options."
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