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Rakesh Kochhar - 4 Kochhar - 3 — - 2 Pew - 2 they're - 1 Claire Tassin - 1 Tassin - 1 they'd - 1
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Search resuls for: "Rakesh Kochhar"


7 mentions found


☆ Welcome to the club: You're middle class but still counting your pennies
  + stars: | 2024-05-18 | by ( Juliana Kaplan | ) www.businessinsider.com   time to read: +6 min
The middle class is more of a club than an income bracketThe ranks of middle-income earners have been shrinking, according to the Pew Research Center. A solid chunk of millionaires consider themselves middle class, despite accounting for just over 12% of American families. And there's good reasons," Lawrence R. Samuel, the author of the book "The American Middle Class: A Cultural History," told Business Insider. "Being middle class is almost like classless. Clinging to at least the mirage of the middle class might be important to upholding more core American ideals.
Persons: —, they're, Claire Tassin, Tassin, they'd, ALICE, Amanda, She's, there's, Rakesh Kochhar, That's, Kochhar, Lawrence R, Samuel, we're Organizations: Service, Business, Pew Research, Pew Research Center Locations: America, Texas
☆ The wealth of middle class and lower-income Americans grew at faster rate than high earners early in the pandemic
  + stars: | 2023-12-04 | by ( Tami Luhby | ) edition.cnn.com   time to read: +3 min
The median wealth of lower-income households shot up 101% between December 2019 and December 2021, while the middle class enjoyed a 29% increase. High earners had a median net worth of $803,400 in December 2021, while the middle class and lower-income households had nest eggs of $204,100 and $24,500, respectively, Pew found. Half of these households had a net worth of $500 or less in December 2021, compared to a net worth of $0 two years earlier. Poorer Hispanic households had a median net worth of $0, compared to a negative net worth of $1,100 at the end of 2019. Other government reports show that lower-income Americans lost ground in 2022.
Persons: Pew, ”, Rakesh Kochhar Organizations: CNN, Pew Research Center, Pew, Census Bureau Locations: White
☆ A.I. is on a collision course with white-collar, high-paid jobs — and with unknown impact
  + stars: | 2023-07-31 | by ( Greg Iacurci | ) www.cnbc.com   time to read: +4 min
And it has had various effects on the workplace, by displacing, changing, enhancing or creating jobs, experts said. "It is reaching up from the factory floors into the office spaces where white-collar, higher-paid workers tend to be." About 1 in 5 American workers have 'high exposure' to AIwatch nowwatch nowConversely, 23% of American workers have low exposure to AI, according to the Pew report. The remaining share of jobs — 58% — have varying AI exposure. It will also create new challenges and needs like retraining or reskilling; those may have knock-on effects, like child care needs for disadvantaged workers, Holzer said.
Persons: it's, Rakesh Kochhar, Kochhar, Harry Holzer, Holzer, Gene Kindberg, Hanlon, " Holzer, — Organizations: Pew Research Center, Department of Labor, Occupational Information, Georgetown University, federal Labor Department, Technology, World Bank, Pew Research, Business Locations: U.S
☆ Workers at risk of AI radically changing their jobs aren't too worried about it
  + stars: | 2023-07-30 | by ( Madison Hoff | ) www.businessinsider.com   time to read: +5 min
A Pew Research Center analysis highlights the degree to which jobs, industries, and workers might be exposed to AI. More exposure for jobs means AI "can either perform their most important activities entirely or help with them" per the report. This was used to figure out the degree in which different kinds of activities and jobs are exposed to artificial intelligence. Overall, almost a quarter of US workers were in the least exposed jobs in 2022 per the report. That's slightly higher than the 19% of workers in jobs that are considered most exposed to AI.
Persons: Rakesh Kochhar, Pew, Kochhar, Sam Altman, Jobs Organizations: Pew Research, Service, Pew Research Center, Pew, realtors, McKinsey Locations: Wall, Silicon
☆ The Fed could easily drive Black unemployment much higher than the overall jobless rate
  + stars: | 2023-04-05 | by ( Krystal Hur | ) edition.cnn.com   time to read: +7 min
However, the jobless rate isn’t expected to be that low for long. While that’s a small improvement from the central bank’s previous 4.6% jobless rate estimate, economists say it’s possible the unemployment rate could rise above the Fed’s expectations. It can be difficult to slow an unemployment spiralEconomists say it’s hard to guess the trajectory of the unemployment rate this year, noting it could very well exceed the Fed’s estimate. As such, the Fed’s tightening efforts could easily drive the Black unemployment rate much higher than the overall jobless rate, said William Spriggs, an economics professor at Howard University and chief economist to the AFL-CIO. The Black unemployment rate will easily get to 9% in that scenario.”One other likely consequence of growing unemployment is slowing wage growth, Bivens said.
☆ The pay gap has stalled and parenthood is a big reason why
  + stars: | 2023-03-14 | by ( Madison Hoff | ) www.businessinsider.com   time to read: +6 min
Caregiving and parenthood could be contributing to the gap in earnings between men and women. It provides a striking way of thinking about the gender pay gap. Pew Research Center also looked at how the pay gap has evolved over time and found that it has stalled. For instance, a research paper from Patricia Cortés and Jessica Pan found that "by the 2010s, child-related inequality accounted for nearly two-thirds of the overall gender pay gap in the U.S." Additionally, according to a fact sheet from NWLC, there's a pay gap between mothers and fathers. A Pew Research Center survey asked US adults why they think the pay gap persists.
☆ The gender pay gap: Why it hasn't narrowed much over 20 years
  + stars: | 2023-03-01 | by ( Jeanne Sahadi | ) edition.cnn.com   time to read: +5 min
“Higher education, a shift to higher-paying occupations and more labor market experience have helped women narrow the gender pay gap since 1982,” the Pew analysis noted. “To some extent, the gender wage gap varies by race and ethnicity because of differences in education, experience, occupation and other factors that drive the gender wage gap for women overall,” the Pew analysis noted. Regardless, the gender pay gap is typically narrowest when you pick any single occupation and control for measurable factors between men and women like education, tenure and hours worked. Another factor that may help explain the stickiness of the pay gap is that the wage premium for those with college degrees has grown smaller. Narrowing the gender pay gap from here may be tough sledding.
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