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Search resuls for: "Jason Lalljee"


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☆ Hundreds of thousands of people fled Russia after it invaded Ukraine — and now the countries that took them in are seeing a boost in their economies
  + stars: | 2023-07-24 | by ( Huileng Tan | ) www.businessinsider.com   time to read: +3 min
Scores of Russians fled their homeland following the outbreak of the Ukraine war. The growth of such countries surged in 2022 after the arrival of these Russians, per a new report. About six months later, there was another wave of departures after Russian President Vladimir Putin ordered a partial military mobilization for the Ukraine war on September 21. Armenia — once known as the Silicon Valley of the Soviet Union — saw its 2022 growth spike to 12.6%, per the World Bank. Meanwhile, Georgia's GDP jumped by 10.1% in 2022, per the World Bank, beating an 8.8% growth forecast.
Persons: —, Insider's Jason Lalljee, Vladimir Putin, Georgia —, Armenia —, Soviet Union —, Suren, Martin Galstyan, Oleg Itskhoki Organizations: Service, Reuters, Kremlin, Novaya Gazeta, World Bank, Bank, Armenian State University of Economics, Georgia's, University of California, Bloomberg Locations: Ukraine, Armenia, Georgia, Kyrgyzstan, Wall, Silicon, Russia, Caucasus, Azerbaijan, Soviet Union, IT, outpacing, Turkey, Kazakhstan
☆ Young men aren't working as much as they used to — and they have less financial freedom than previous generations
  + stars: | 2023-06-03 | by ( Jacob Zinkula | Jason Lalljee | ) www.businessinsider.com   time to read: +5 min
25-year-olds were less likely to be working full-time in 2021 than previous generations. That's driven by men working less than they did four decades ago. 66% of 25-year-olds in 2021 were working full-time, down from 73% of 25-year-olds in 1980. Four decades ago, 85% of 25-year-old men were working full-time. 61% of 25-year-old women were working full-time in 2021 — in line with the 61% that did so in 1980.
Persons: —, there's, grads, Jason Schenker Organizations: Service, Privacy, Pew, Survey, Boston Fed, National Bureau of Economic Research, Prestige Economics
☆ I'm a Gen Zer who bumped my salary up by 40% with a career pivot to data analytics — and I learned the skills for free on YouTube
  + stars: | 2023-05-14 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +6 min
A Gen Z worker was unhappy with his job, so he taught himself data analysis and switched careers. Two years ago — when I was 22 — I finally learned what someone with the title of "data analyst" did, while still working that first job. Switching to a career in data analytics changed my lifeIt wasn't costly for me to become a data analyst — and it changed my life. Upon entering the field, I was surprised to find out how many people were able to break into tech through data analytics, without needing a college degree. I used Khan Academy's free SQL course, for instance, one of the major tools for data analytics.
☆ A 'Shark Tank' winner and stay-at-home dad who Mark Cuban called a 'compassionate capitalist' doubled down on his business when his wife's health took a sudden turn: 'There is no greater incentive to
  + stars: | 2023-05-07 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +5 min
Freya Williams was a CEO and her family's breadwinner before contracting long COVID. Her husband dove into his small business and landed an investment from Mark Cuban of "Shark Tank." But COVID led to "long COVID" for her. Thousands of Americans have likely left the workforce because of long COVID, and Williams is among them. Delaney added that his wife's suffering and his family's precarious position had changed his drive as a business owner.
☆ My family is trying to move to Canada to escape the anti-trans laws spreading in the US
  + stars: | 2023-05-01 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +5 min
The mother of a transgender teenager told Insider her family is trying to move to Canada. As anti-trans laws spread in the US, she's worried about the next presidential election. Her teenage son is transgender, and because of the rise of anti-trans legislation in the United States, her family is planning to move to Canada in the next year and a half. Even though anti-trans laws are ramping up in states like Tennessee and Florida, things are relatively stable where we are in Oregon — for now. I know a lot of parents of trans kids feel that the conversation of "Which state should I go to?"
☆ Meet a teacher who quit her job to avoid returning in person — and found a position at a remote-only public school
  + stars: | 2023-04-27 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +5 min
A New York City teacher quit her job in March after 12 years at the school. She teaches music and describes the shift to remote learning at the beginning of the pandemic as one that triggered a professional change, too. Parkis is one of many Americans who prefer remote working, even as companies have attempted to entice — and in some cases, strong-arm — employees back to the office. She was teaching full time at a Brooklyn, New York, middle school for 12 years and said her school ended remote learning last year. When she did, she quit right away and began her post at a fully online public school.
☆ A recovering overspender explains how she makes a game out of having a 'no-spend day' to break bad habits and get her finances back on track
  + stars: | 2023-04-23 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +5 min
Rebecca Sowden explains "no-spend days" and shares money-management strategies on TikTok. "No-spend days" involve training your financial habits so that you can meet goals and pay off debt. 'No-spend days' can really add upOne trend she's promoted is the "no-spend day" challenge. One TikTok user, @thesavvysagittarius, set a goal of doing as many no-spend days as she can until she pays off her debts, which she said adds up to about $13,000. "We're left with these habits that we got used to, these activities that include spending money that's really not sustainable.
☆ I'm a millennial who's quitting my job because I'm overworked and underpaid — and feel underqualified to grow my career
  + stars: | 2023-04-13 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +5 min
A millennial working as a meat cutter told Insider he's underpaid and had no room for career growth. I've been a meat cutter at a grocery store since 2017. When I became a meat cutter, I thought there'd be more room for growth, that I might one day manage a department or be a director. On top of that, the compensation difference between a regular meat cutter and a manager is pretty minimal. That's in addition to constantly being floated from store to store to plug in staffing gaps.
☆ Lower income Americans are the group most likely to think they should be taxed more
  + stars: | 2023-04-11 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +3 min
Lower-income Americans were the group most likely to say they should be taxed more, according to the Pew Research Center. 72 million households didn't pay federal income taxes last year. Married couples — under the age of 65 — filing jointly owe no federal taxes if they make under $25,900 annually. Disruptions from Covid have also increased the share of low-income households paying no federal income taxes. That's 72 million households paying no federal income taxes, with about a third of them headed by someone aged 65 years or older.
☆ Black Americans are more likely to be working than white Americans for the first time on record
  + stars: | 2023-04-07 | by ( Jason Lalljee | Madison Hoff | ) www.businessinsider.com   time to read: +5 min
In March, the Black employment-population ratio was above the white employment-population ratio for the first time since at least 1972. The unemployment rate for Black Americans also hit a record low of 5.0% in March. The employment-population ratio measures the share of a group that has a job, meaning that for the first time on record, Black Americans are more likely to currently be working than white Americans. Additionally, the unemployment rate for Black Americans fell by 0.7 percentage points to 5.0% in March, the lowest rate on record, according to Black unemployment data starting in 1972. Which is what makes March's low unemployment rate for Black Americans, and a higher employment-population ratio than the white employment-population ratio, so novel.
☆ High-earning, workaholic men are cutting their work hours the most right now
  + stars: | 2023-04-06 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +6 min
Men who used to work the most cut their work weeks by three hours on average since 2020. At a conference last week, Yongseok Shin, a Washington University in St. Louis professor who worked on the study, said those groups are educated young men, high-earning men, and men who previously worked the most hours. It contrasts with another important trend for young men in the workforce: even though educated, highly paid men are working fewer hours, they're still working. Having access to remote and hybrid work opportunities likely convinced men making more money that they didn't need to work so hard, Shin said. Men who previously worked 55-hour weeks are paring backIn the NBER study, Shin said, men in the "top hours decile" reduced their hours from 55 hours per week in 2019 to 52 in 2022.
☆ Gary Vaynerchuk to managers: Forget a 4-day workweek. If you want to make your people happy, fire the jerks.
  + stars: | 2023-04-06 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +6 min
Gary Vaynerchuk said companies should fire the "assholes" creating "toxic" work environments. He has also said recently that companies need to appeal to Gen Z better, given their many work options. In TikToks posted this week, Vaynerchuk railed against "toxic work environments," slamming companies for retaining employees and management that compromise the "joy" of their staff members. "Joy doesn't come from four-hour workweeks," Vaynerchuk said in one video, seeming to reference the current movement for a four-day workweek. And Vaynerchuk is betting that people also want to be treated right while on the clock.
☆ Call it the Great Cash Out: Almost half of job switchers are making the mistake of cashing out their retirement savings when they go
  + stars: | 2023-04-05 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +4 min
Americans are rushing to cash out their 401(k)s, and it's not just about being strapped for money. Cashing out when you leave a job can mean you miss out on major long-term savings, experts say. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy PolicyAmericans have been cashing out their retirement savings at an "alarming" rate. That's despite the IRS's 10% penalty, under most circumstances, for those under the age of 59.5 who choose to cash out. Of the workers withdrawing from their funds after a job separation, only 27% were fired or laid off.
☆ An NYC real estate investor explains why the 'golden age' of being a landlord is over and he's switching to 'safer' investments
  + stars: | 2023-04-04 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +6 min
A major NYC landlord told Bloomberg this week that he's selling off the bulk of his properties. He says the shifting political power of tenants and increased costs of being a landlord are why. Ben Carlos Thypin told Bloomberg this week on the "Odd Lots" podcast that he's pursuing an "orderly liquidation" of his properties. Power is slowly shifting from landlords to rentersWhen directly asked by Bloomberg about whether there ever was a "golden age" for landlords, Thypin pointed to research showing how policies in the 1950s helped create a boom for property owners. She added that real estate policies tend to target the creation of new properties, rather than protecting tenants in existing ones.
☆ You can now test drive solutions to the Social Security crisis from raising the retirement age to cutting benefits in a new Animal Crossing-like game
  + stars: | 2023-03-30 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +5 min
An online tool from the American Academy of Actuaries lets users simulate various Social Security proposals. Users can make decisions about what Social Security measures get funded, how, and when, and then see the results. "There are ways to address the Social Security challenge," the site tells visitors upon entering. And the game walks you through the different types of problems that people depending on Social Security payments encounter. "It's important to keep Social Security strong," the website tells visitors.
☆ Canada's plugging its labor shortage with 1 million people moving to the country last year, while Biden is maintaining Trump-like policies that keep immigrants out
  + stars: | 2023-03-29 | by ( Jason Lalljee | Madison Hoff | ) www.businessinsider.com   time to read: +7 min
It's part of an effort to address the country's labor shortage, Canada's immigration minister said. The US could solve its labor shortage too, experts told Insider, but Biden would have to be bolder. President Joe Biden's current course of action could mean that the labor shortage in the US is never really solved. Biden is replacing Trump-like anti-immigration policies with his ownThat's a major reason why the persisting labor shortage will likely never resolve. It's in direct opposition to the kind of policy changes that Peri said the US needs to make to address the labor shortage.
☆ Some pregnant people in Philadelphia are about to get $1,000 a month in what the mayor is calling a 'pro-life' program
  + stars: | 2023-03-25 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +4 min
Philadelphia is launching a guaranteed income program for pregnant people. The city has the highest infant mortality rate of the top ten most populated cities in the US. The city's health department announced it will oversee a trial program beginning next year to provide 250 pregnant people with $1,000 a month. Called the Philly Joy Bank, the Philadelphia program will offer no-strings-attached funding in the vein of other guaranteed income programs. "We know that being able to better support pregnant people and new parents helps keep babies alive.
☆ An overworked engineer says he's an example of men taking on too much because of their 'bigger egos.' It could be why so many of them are leaving the workforce.
  + stars: | 2023-03-21 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +6 min
He speculated a lot of men burned out at work because of a fear of seeking help. Garfield's move was similar to the "quiet quitting" phenomenon sweeping the workforce, in which employees do the work they're paid for and no more. For these men, jobs aren't just a source of income; they're a source of social status, Wu found, something that's especially true for white men and younger men. "I think too many men don't want to say they are overloaded or have too much on their plate," Garfield said. "I think men have bigger egos and don't want to look weak, and unfortunately, companies use this to their advantage."
☆ Obama wants companies to strip degree requirements from more six-figure jobs to address the labor shortage
  + stars: | 2023-03-20 | by ( Jason Lalljee | Ethan Dodd | ) www.businessinsider.com   time to read: +5 min
Former President Barack Obama said more states should drop degree requirements for government jobs. It's an example of "a smart policy that gets rid of unnecessary college degree requirements and reduces barriers to good paying jobs," Obama said on Twitter. In recent years, states have eliminated four-year degree requirements to shore up their understaffed governments, and Republican governors have led the way. Arizona and Oregon have temporarily loosened degree requirements to address a teacher shortage. Georgia and Alaska are considering dropping degree requirements to fill government vacancies as well.
☆ Elizabeth Warren scoffs at the idea that banks like SVB can be trusted to do their own stress testing: 'I taught school for many, many years. And I did not let my students do their own testing'
  + stars: | 2023-03-15 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +4 min
She's criticized Trump-era rollbacks on banking oversight for making the SVB failure possible. "Those are much smaller than the bigger banks," CNBC host Sara Eisen said to Warren, referring to banks like SVB. "We've had a number of those CEOs on the shows in the last few days" such as Charles Schwab, she said, who "do their own stress testing." The whole point of stress testing is for someone on the outside of the bank to say, 'what could go wrong here?' What happened to SVB, Warren wrote, is "the direct result of leaders in Washington weakening the financial rules."
☆ A millennial whose employer gives paid period leave said it's improved her work life knowing she could take time off when the pain becomes unbearable
  + stars: | 2023-03-15 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +6 min
Paid menstrual leave is much more common in Asia than the US or Europe. One worker told Insider menstrual leave at her Polish company made life easier in the last year. "By giving additional days off for those experiencing menstrual period pain, we acknowledge these symptoms are real." Rutkowska also praised the relative ease and discretion of requesting menstrual leave, especially in comparison to other forms of leave. She said she simply logs onto her online time sheet, fills out "menstrual leave" as the reason, and gets approved quickly.
☆ A laid-off Meta worker says the company paid her to not work: They were 'hoarding us like Pokémon cards'
  + stars: | 2023-03-14 | by ( Grace Kay | ) www.businessinsider.com   time to read: +4 min
An ex-Meta worker said she was part of a group that didn't have work to do when hired. Britney Levy told Insider some people were frustrated and felt Meta was stalling their careers. In the video that has since garnered over 870,000 views, Levy said she felt Meta was hiring people so other companies couldn't have them. "They were just kind of like hoarding us like Pokémon cards," she said in the video. "People who were incredibly well qualified and had turned down amazing opportunities said they felt Meta was intentionally stalling their career.
☆ Some Republicans want Gen Z to retire later to avoid outright cuts to Social Security: 'Does it really make sense to allow someone who's in their 20s today to retire at 62?'
  + stars: | 2023-03-14 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +6 min
Several Republicans have said recently that they want to raise the retirement age for younger generations. Social Security is rapidly approaching insolvency, with the Congressional Budget Office estimating that the fund will become unable to make all of its payments starting in 2033. Social safety net programs like Medicare and Social Security have been a partisan battleground for Democrats and Republicans for decades now, with Republicans eyeing big cuts for both programs. There are going to be no cuts in Medicare, Social Security." The White House has continued to criticize Republicans for not being publicly consistent about their goals for Social Security and Medicare.
☆ Eggs and bacon are finally getting cheaper
  + stars: | 2023-03-14 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +3 min
The cost of eggs is finally falling, according to the Bureau of Labor Statistics. Inflation cooled down overall, and egg prices fell 6.7% last month, according to the Bureau of Labor Statistics' Consumer Price Index release on Tuesday. The price of bacon also decreased by 1.5%, and even cheese and orange juice experienced modest declines in cost. Inflation impacted the cost of eggs as the avian flu began to spread in earnest last February. The egg news is welcome, especially as food prices increased slightly overall, by about 0.4% compared to January's 0.5% increase.
☆ A UGC creator made an extra $25,000 in 10 months explains what it takes to start making an income: 'This is a business, not a get rich quick scheme'
  + stars: | 2023-03-12 | by ( Jason Lalljee | ) www.businessinsider.com   time to read: +7 min
User-generated content, or "UGC" are videos creators sell to brands for use on the company account or as paid advertisements. Because of that difference, unlike influencers, UGC creators don't need a large following of their own to get started. For the companies, it's a much cheaper option as UGC creators are essentially writers, makeup artists, talent, and crew in one — a bargain compared to an ad agency. In addition to these deals, many UGC creators have begun charging for coaching calls and courses. She's also pitching UGC content that would allow her to get paid to travel with her whole family.
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