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The U.S. skilled labor market is facing "record-high pressure," according to new research from McKinsey & Co., as more workers age out and fewer young people train to fill their jobs as construction workers, plumbers, welders and more. The most in-demand jobs companies are hiring for right now — that don't require a degree — are in construction, manufacturing and plumbing, according to data from Payscale and ZipRecruiter exclusively shared with CNBC Make It:1. Journeyman plumberMedian salary: $61,500It's important to note that there are different levels of certification for some trade jobs including plumbers and electricians. All of these jobs saw at least a 16% increase in openings on ZipRecruiter between October 2023 and March 2024. The median pay for fleet managers without degrees is $64,600 while journeyman electricians make $62,600 on average, according to Payscale.
Persons: ZipRecruiter, Ruth Thomas, Thomas Organizations: McKinsey & Co, Labor, CNBC Locations: U.S, Payscale
Starting Monday, fast-food workers in California at chains with more than 60 national locations earn $20 an hour, higher than the state's broader minimum wage of $16 per hour. California pay is already highwatch nowWhile the new fast-food minimum wage is among the highest in the U.S., California employers are used to paying more for their labor. Even when it is not mandated, restaurants usually find themselves paying more than the minimum wage to attract hourly workers. As a full-service restaurant chain, the company won't be obligated to pay its California workers $20 an hour. Advocates prepare to go biggerFrom start to finish, the California law, which was backed by the Service Employees International Union, has been controversial.
Persons: David Paul Morris, Gavin Newsom, Matthew Haller, Daniel Zhao, Zhao, Lauren Crabbe, she's, Crabbe, Matthew Clark, Jennifer B, Perez, I'm, it's, Newsom, Greg Flynn, Flynn Organizations: McDonald's Corp, Bloomberg, Getty, International Franchise Association, CNBC, Bureau of Labor Statistics, Service Employees International Union, Gov, SEIU Locations: Oakland , California, U.S, California, , California, Fresno, San Francisco, Long Beach
Remote jobs are getting harder to come by. As of December 2023, remote jobs made up less than 10% of postings advertised on LinkedIn, down from a high of 20.6% in March 2022 — even though close to half of jobseekers prefer remote roles. To examine where remote hiring is happening the most for high-paying jobs, FlexJobs identified the top 10 occupations with the highest number of remote job openings on their site between January and March 2024 that pay more than $100,000. The top industries offering ample remote work opportunities with six-figure salaries include tech, marketing and project management, per FlexJobs data provided to CNBC Make It. With that in mind, here are some in-demand, high-paying remote jobs that can earn you a salary of $100,000 or more, according to data from FlexJobs and Payscale:1.
Persons: , FlexJobs, Toni Frana, We've, Frana Organizations: LinkedIn, CNBC Locations: FlexJobs
Texas cities Houston, El Paso, and Lubbock require the lowest salaries for comfortable living. New York City has the highest salary to live comfortably, followed by many in California. AdvertisementResidents of Houston, El Paso, and Lubbock, Texas, require the lowest salaries to live comfortably, a new SmartAsset analysis found. Lubbock came in third at $75,739 a year for a single adult. Other cities in the top 10 included Milwaukee, Tulsa, and Cleveland, which all have hourly wages below $40 for a single adult.
Persons: , Houston, Francisco Organizations: New, Service, Texas — El Paso, Lubbock Locations: Texas, Houston, El Paso, Lubbock, New York City, California, Houston , El Paso, Lubbock , Texas, Payscale, Texas —, Milwaukee, Tulsa, Cleveland, Jose, Irvine, Santa Ana, Texas , Tennessee, Oklahoma
There are dozens of in-demand, non-tech side hustles you can do remotely to earn extra cash — some of which can pay as much as $100 an hour. These jobs have dozens of active listings and offer remote, part-time opportunities. Some of these remote side hustles can pay upwards of $100 per hour, depending on your level of skill and the project. Bookkeepers on Upwork, for example, can charge as much as $175 an hour or, for some projects, $300 an hour. The most salient benefit of pursuing one of these remote side hustles, says Frana, is the flexibility.
Persons: FlexJobs, Toni Frana, Frana, Angelique Rewers, BoldHaus Organizations: CNBC
Having imposter syndrome isn't fun — but it can be the key to unlocking your potential, according to Barbara Corcoran. In a recent TikTok video, the 74-year-old real estate millionaire said professionals should be grateful to have such self-doubt. "If you're struggling with imposter syndrome, good for you," she said. When you make it a habit to try harder than your peers, you'll inadvertently build self-assurance, Corcoran said. Corcoran, a co-star on ABC's "Shark Tank," even looks for imposter syndrome among the show's contestants — so she can prioritize investing in their companies.
Persons: Barbara Corcoran, you'll, Corcoran, I've Organizations: General Internal Medicine
According to a recent U.S. News and World Report ranking, the state of Pennsylvania dominates the list of best place to retire in the U.S. Harrisburg ranked as the best place to retire in the U.S. in 2024, according to U.S. News and World Report. Richard T. Nowitz | The Image Bank | Getty ImagesHarrisburg, Pennsylvania's capital, ranked as the best place to retire in the U.S. Reading, Pennsylvania ranked as the second-best place to retire in the U.S. in 2024, according to U.S. News and World Report. 3 best place to retire in the U.S. in 2024, according to U.S. News and World Report.
Persons: Richard T, Penn ., Alex Potemkin, RentCafe Organizations: . News, U.S . News, U.S, Harrisburg, Bank, Getty Images, Allentown , Penn . New York City, Daytona, Reading Railroad, Monopoly, Istock, Getty Locations: U.S, Florida, Pennsylvania, Northeastern, Puerto Rico, Harrisburg, Penn, Getty Images Harrisburg, New York City, Philadelphia, Baltimore, Washington, East Coast, Zillow, Reading, Penn . Lancaster, Scranton, Allentown , Penn . New York, Allentown , Penn . New York City York, Daytona Beach, Fla . Youngstown , Ohio Pittsburgh, Reading , Pennsylvania, Lancaster, Reading , PA, Lancaster . Lancaster , Pennsylvania
Getty ImagesHighest-paying majors are mostly STEMPayscale's recent college salary report found that petroleum engineering is currently the highest-paying major overall. After petroleum engineering, operations research and industrial engineering majors are the next highest paid, followed by interaction design, applied economics and management, and building science. The growth in STEM jobs is expected to outpace that of non-STEM jobs in the coming years, Pew also found. 'You don't always need a degree'However, in some STEM-related fields, "you don't always need a degree," according to John Mullinix, chief growth officer at Ladders. A growing number of companies, including many in tech, are dropping degree requirements for middle-skill and even higher-skill roles.
Persons: Marc Cenedella, Greenberg, Eric Greenberg, Pew, John Mullinix Organizations: U.S . Census, Greenberg Educational, College Board, Pew Research
Remote workers are out-earning their in-office peers in several industries including tech and finance, according to new research from Payscale. The findings corroborate other research that shows that people who work from home earn more. Remote workers are twice as likely to earn above the median pay for non-remote workers in the same industry and zip code, a study from payroll provider Gusto found last fall. For their report, Payscale surveyed over 300,000 working U.S. adults between August 2021 and August 2023, defining "remote" as anyone who telecommutes most or all of the time. Retail and customer service has the widest pay gap between remote and non-remote workers of all industries, Payscale reports, followed by finance and insurance, with tech and manufacturing a close third and fourth.
Persons: Payscale Organizations: Ringover
Now it's: How much of a raise can I expect in 2024 if I stay in my current job? Sure — but it may wind up being the biggest boost in purchasing power that workers have gotten in years. If you think you deserve a raise that's higher than the 4% average, pay experts have a few tips. These days, as the hiring frenzy subsides, you're not as likely to get a bigger raise simply by switching companies. Which means that 2024 may be your last, best hope for landing an above-average raise — perhaps for years to come.
Persons: , That's, it's, David Turetsky, What's, they're, Ruth Thomas, don't, Aaron Terrazas, Aki Ito Organizations: Congressional, Salary.com, Employees Locations: California, Washington, Payscale
Now it's: How much of a raise can I expect in 2024 if I stay in my current job? Sure — but it may wind up being the biggest boost in purchasing power that workers have gotten in years. If you think you deserve a raise that's higher than the 4% average, pay experts have a few tips. These days, as the hiring frenzy subsides, you're not as likely to get a bigger raise simply by switching companies. Which means that 2024 may be your last, best hope for landing an above-average raise — perhaps for years to come.
Persons: , That's, it's, David Turetsky, What's, they're, Ruth Thomas, don't, Aaron Terrazas, Aki Ito Organizations: Congressional, Salary.com, Employees Locations: California, Washington, Payscale
watch nowAfter petroleum engineering, operations research and industrial engineering majors are the next highest-paying majors, followed by interaction design, applied economics and management and building science. "STEM degrees dominate the rankings for highest-paying majors and STEM careers continue to offer highly competitive salaries in the job market," said Payscale's Gruver. Payscale's college salary report is based on alumni salary data from nearly 3.5 million respondents nationwide. But it is important to consider your area of study before taking out student loans to pay for college, he added. At the very least, that "forces the conversation of what is going to be the real return on my academic investment."
Persons: Payscale's, Robert Franek, shouldn't, Franek Organizations: The Princeton
AdvertisementAdvertisementFor British students in the UK, tuition fees are currently capped at £9,250 a year. In 2006, tuition at a UK university cost an average of £3,000 a year, according to the House of Commons Library . Go back a decade, to 2013, and the average house price in this area was £250,911. AdvertisementAdvertisementThe average house price in 1995, when my parents moved in together, was around £56,000. However, if you compare the average house price in 1995 to the average house price in the UK in June 2023 — £287,456 — it's increased by more than 413%.
Persons: Adam England, Zers, , I'm, Gen, I'd, they've, They've, They're Organizations: Economic, Service, Commons, Deloitte, Price Index, Bank of Locations: England, Britain, Ukraine, Bath, North East Somerset
Westend61 | Westend61 | Getty ImagesNew York just adopted a pay transparency ruleNew York on Sunday became the latest state to adopt a pay transparency law. The pay transparency movement is relatively new. Fifty-six percent are more likely to apply for a company — even if they don't recognize the company name — if the salary range is listed, Indeed found. For one, pay transparency may lower overall wages of the broader population of employees, even while raising them for the "inequitably underpaid," Obloj and Zenger said. 'There's still plenty to negotiate' beyond salaryOf course, applicants aren't necessarily beholden to the salary or the pay range posted on a job ad, Woodruff-Santos said.
Persons: NCSL, Salary.com, Zenger, Mandi Woodruff, Santos, Woodruff, you've, they've, there's Organizations: Westend61, Getty, Sunday, Employers, National Conference of State Legislatures, National Women's Law Locations: York, California , Colorado, Washington, New York City, Colorado, Ithaca, Albany, Westchester, New York, Jersey, New Jersey, Cincinnati, Toledo, Ohio ; Maryland ; Connecticut, Rhode, Nevada
Between his own business success and his investments in hundreds of startups, Mark Cuban knows what it takes to be highly successful. There's one trait you should cultivate above all others if you want to be successful too, he says. "The one thing in life you can control is your effort," Cuban, 64, recently said in a LinkedIn video post published by entrepreneur and VC investor Randall Kaplan. And 29% of company executives worldwide think employees who don't go the extra mile won't be successful and risk being fired, Payscale's 2023 Compensation Best Practices Report found. DON'T MISS: Want to be smarter and more successful with your money, work & life?
Persons: Mark Cuban, Randall Kaplan, aren't, Cuban, doesn't, Lexi Clarke, It's, it's, that's, Warren Buffett Organizations: Entrepreneurs, CNBC Locations: U.S, Cuban
The New York City tri-state area ranked as the most expensive on the list. While the average rent in Newark is $1,850 and $2,500 in Jersey City, in New York City it is $3,610, according to Zillow's rental manager. The metro area of New York City, N.Y., Newark, Jersey City, N.J ranked as the most expensive for renters. 2 on the list is the Miami, Fort Lauderdale and Pompano Beach, Florida metro area. The Oxnard, Thousand Oaks and Ventura area in California ranked third on the list.
Persons: Payscale, Alexander Spatari, John Elk Iii Organizations: New, Urban, Washington D.C, The New York City, Thousand Oaks, Bank, Getty Locations: New York City, N.Y, Newark, Jersey City, N.J, Miami, Fort Lauderdale, Pompano Beach, Fla, Oxnard, Thousand Oaks, Ventura, Calif, San Diego, Chula Vista, Carlsbad, Urban Honolulu, Hawaii Los Angeles, Long Beach , Anaheim, Napa , Calif, Naples, Marco Island, Washington, Arlington, Alexandria, Virg . Bridgeport , Stamford , Norwalk, Conn, Pompano Beach , Florida, Florida, California
To find out where some of the happiest employees in the U.S. live, workplace insights platform Glassdoor created a list of the top cities with the most satisfied workers. Here are the top 10 cities with the most satisfied employees in the U.S., along with the average salaries for workers in those cities, according to Glassdoor:Provo, UtahAverage overall company rating: 3.94Average annual salary: $61,973San Jose, CaliforniaAverage overall company rating: 3.88Average annual salary: $117,188Santa Barbara, CaliforniaAverage overall company rating: 3.87Average annual salary: $72,240College Station, TexasAverage overall company rating: 3.83Average annual salary: $43,118Boston, MassachusettsAverage overall company rating: 3.82Average annual salary: $87,433San Francisco, CaliforniaAverage overall company rating: 3.81Average annual salary: $108,426Gainesville, FloridaAverage overall company rating: 3.81Average annual salary: $50,026Washington, DCAverage overall company rating: 3.80Average annual salary: $87,374Salt Lake City, UtahAverage overall company rating: 3.79Average annual salary: $69,274San Diego, CaliforniaAverage overall company rating: 3.79Average annual salary: $77,027California is the clear winner, boasting four of the top 10 cities on the list. New York City ranked last on Glassdoor's list, with an average company rating of 3.72. According to PayScale, the average cost of living in New York is 128% higher than the national average. 1 career move that made them happierThe fastest-growing jobs that don't require a bachelor's degree, according to LinkedIn—some pay over $100,000
Persons: Glassdoor, PayScale, Organizations: Santa, Station, ., . New York City Locations: U.S, Glassdoor, Provo , Utah, Jose , California, Santa Barbara , California, Texas, Boston, Massachusetts, Francisco , California, Gainesville, Florida, Washington, Salt Lake City , Utah, Diego , California, California, Jose, San Francisco, America, . New, New York
Tiffany "The Budgetnista" Aliche lost her job and her home during the Great Recession. If you want to earn more money, start by evaluating your current job, she advised. You have to earn your way to wealth," said Aliche. If you work a 9-to-5 job, start there, encouraged Aliche. That's exactly what she did after she lost her teaching job and was looking for side hustles to help pay the bills.
Jane Roberts was paid more than $10 million by a host of elite law firms, a whistleblower alleges. At least one of those firms argued a case before Chief Justice Roberts after paying his wife hundreds of thousands of dollars. And I realized that even the law firms who were Jane's clients had nowhere to go. Mark Jungers, another one of Jane Roberts' former colleagues, said that Jane was smart, talented, and good at her job. But whether that committee has the authority to discipline Thomas or any other Supreme Court Justice remains a matter of murky constitutional interpretation, to be ultimately decided by the Supreme Court itself.
In almost half of opposite-sex marriages in the U.S., women are now earning the same as their husbands — or out-earning them, by an average of $53,000. Spouses are earning the same income in nearly one-third, or 29%, of opposite-sex marriages, a significant jump from just 11% in 1972. In egalitarian marriages, men and women's earnings are almost identical: In 2022, the median earnings for wives in such marriages was $60,000, while husbands earned $62,000. About 16% of opposite-sex marriages in the U.S. have a breadwinner wife, up from 5% five decades earlier, Pew reports. Women continue to bear the brunt of household responsibilities, even as financial contributions have become more equal in opposite-sex marriages.
There's never been a better time to try to find a job with a four-day workweek. It can also be helpful to ask about the skills and experiences help someone thrive while working a shortened week. For example, leaders at four-day workweek companies recently told CNBC Make It they look for candidates with outstanding initiative, autonomy and adaptability. The company sets clear expectations around the fifth day offAsk each person how they use their day off, Salemi says. The company has a strong perspective of what flexibility looks likeA shortened workweek is just one component of workplace flexibility.
The four-day workweek is gaining momentum, and people say they're willing to quit to have it. A majority, 61%, of workers say they'd rather have a four-day workweek than the traditional five, and 33% say they'd quit their job to for one with a shortened week, according to a Monster survey of 868 workers conducted in March. Half of those surveyed say they'd be more productive with a shortened workweek, and 10% would even take a pay cut for the benefit. More companies may experiment with a shortened workweek, especially if they can't award raises or promotions in a challenging economic environment. The share of companies offering a 4-day workweek benefit reached the 10% threshold for the first time last year, according to a recent Payscale report.
That's what happened to Kimberly Nguyen in March: The NYC worker went viral on Twitter when she saw an opening for her job title was being advertised with a pay range up to $90,000 higher than her own salary. A slim minority, 45%, of companies currently include pay ranges in job postings, according to a 2023 Payscale report. If you find your own job title online listed at a higher salary, here are some things you can do. There are some good reasons why similar job titles could have different pay ranges, says Ruth Thomas, a pay equity strategist at Payscale. You could use public salary ranges to ask for a raise.
That has left nearly two-thirds of all Americans living paycheck to paycheck, according to a new report from LendingClub. Think about your friends, neighbors and others in your social network: What do they need and what would they pay money for? Consider the tax and legal implicationsIf you do launch a side hustle, make sure you understand any tax and legal implications. RBC Wealth Management suggests you ask yourself these additional questions: Will you need a license, insurance or to establish a corporation? What are the tax implications of the extra income?
Remote job opportunities might be dwindling, but there are dozens of side hustles you can do to earn some extra cash without leaving the comfort of your home — some of which can pay as much as $100 an hour. These jobs have dozens of active listings and offer remote, part-time opportunities. If you're interested in starting a remote side hustle, consider monetizing your creative skills: The most in-demand remote, part-time gigs employers are hiring for are in writing, editing and design, according to new research from FlexJobs. Other remote side hustles can pay upwards of $100 per hour, depending on your level of skill and the project. Some remote side hustles, like bookkeeping or graphic design, have more flexible hours than others, Gardner says.
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