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Search resuls for: "Economic Innovation Group"


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☆ Why Everyone Is Moving to Florida: Jobs, Economy, Cost of Living, Taxes
  + stars: | 2023-03-09 | by ( Emil Skandul | ) www.businessinsider.com   time to read: +12 min
For other states to compete, they will need to pay attention to what Florida is doing right. Floridians pay no income tax and fewer taxes overall than people in states like New York, California, or Massachusetts. But a low tax rate isn't the only thing people care about. Despite having a budget half the size of New York's and a larger population, Florida, by many metrics, is able to do significantly more with the taxes it collects. Florida is also outshining New York and other major population centers in tackling the soaring cost of housing.
☆ Get paid up to $10,000 to move? That's great for remote workers, but economists say it's not a good investment for the cities footing the bill
  + stars: | 2023-02-19 | by ( Robert Davis | ) www.businessinsider.com   time to read: +13 min
The more than 2,000 people who received Tulsa Remote grants have a median income of more than $85,000. For starters, he found the income generated by recipients of the Tulsa Remote program was just a sliver of the $80 billion the 468,000-plus workers in the Tulsa metro area generated in 2021. A Brookings Institution analysis of the Tulsa Remote program published in September found that the program was generally effective at bringing high-skilled labor to the area. He compared the impact of the incentive program to the opening of a Honda manufacturing plant in Greensburg in 2007. A previous audit from Hoffer's office in 2019 identified two major flaws in the Think Vermont program.
☆ The pandemic created an American entrepreneurship boom — and it looks like it's here to stay
  + stars: | 2023-01-28 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +5 min
The pandemic may have given a "lasting, positive shock to American entrepreneurship." Americans filed 5.1 million new business applications in 2022, according to US Census Bureau data, equating to roughly 14,000 new business applications filed every day last year. It marked the second-highest year on record — down slightly from 5.4 million in 2021 — and remained well above the 3.5 million filed in 2019. This also marked the second-highest year on record and exceeded the 1.3 million filed in 2019. Experts have pointed to several explanations for the spike in new business applications in recent years.
☆ Some CEOs are pushing workers to return to the office, but it could come with a cost: hurting diversity
  + stars: | 2023-01-28 | by ( Marguerite Ward | ) www.businessinsider.com   time to read: +6 min
But remote work has benefited many people with disabilities, many Black workers, and others. But Dimon appears more bearish when it comes to another measure that's been shown to promote diversity: remote work. Citadel CEO Ken Griffin slammed remote work at a conference last year, saying innovation and creativity declines because of it. The shift to remote work has been especially helpful for people with physical difficulties and mobility limitations. MoMo Productions/Getty ImagesSome Black workers report facing less discrimination and fewer microaggressions working from home than when they're at the office.
☆ Ditching noncompete clauses would be a win for workers' rights and employees in low-wage jobs
  + stars: | 2023-01-06 | by ( Marguerite Ward | ) www.businessinsider.com   time to read: +5 min
Noncompetes prevent some workers in low-wage jobs from leaving for better opportunities. If the FTC succeeds in banning noncompete clauses, it can be an important win for low-wage workers and a pivotal moment in the push for workplace equity, advocates for the change say. Annabelle Chih/Getty ImagesCritics point out that many workers subject to noncompete language aren't high-profile executives who've amassed trade secrets — they're average workers. In 2015, The Verge reported on Amazon's use of noncompete agreements for warehouse workers. "Noncompete agreements help artificially stifle competition in the labor market, allowing employers to keep wages low by limiting workers' employment options," Constant wrote.
☆ It's official: Remote work is going to make it easier to buy a home
  + stars: | 2023-01-04 | by ( James Rodriguez | ) www.businessinsider.com   time to read: +12 min
Remote work pushed housing trends into warp speedIn some ways, the pandemic's housing shifts were a long time coming. The shift to remote work also hastened many people's desire for more space. Across the country, remote workers chose to part ways with roommates or seek out larger homes. Elon Musk asserted his authority at Twitter by putting an end to remote work. On the other hand, as my colleague Aki Ito previously argued, a recession could further ingrain remote work as employers look to cut spending on real estate.
☆ America needs immigrants to solve its labor shortage
  + stars: | 2022-12-22 | by ( Vanessa Yurkevich | ) edition.cnn.com   time to read: +6 min
But If you’re wondering why America’s labor shortage persists nearly three years into the Covid pandemic, it’s in part because America doesn’t have enough immigrants. Immigrants are vital to the US economy and fill thousands of US jobs – jobs many Americas don’t want to do. Federal Reserve Chairman Jerome Powell said that in addition to an aging workforce there is a lack of foreign labor contributing to labor shortages. Those types of industries had higher rates of unfilled jobs last year – adding to existing labor shortages, according to UC Davis research. “The farm labor crisis is hindering production and contributing to food price inflation.
☆ 5 of the riskiest industries to work in during a recession, according to economists
  + stars: | 2022-10-28 | by ( Morgan Smith | ) www.cnbc.com   time to read: +4 min
While a downturn isn't inevitable, many economic forecasters believe it's just a matter of time before a recession hits. While no job is completely immune to economic headwinds, some industries tend to fare worse than others during a downturn. CNBC Make It asked three economists which industries they expect will be the most vulnerable during the next economic downturn. "The risk of a recession is real, but I think there's also a really good chance we don't have a recession at all." Check out:Here's how you can recession-proof your career, according to one CEOThe 4 most 'recession-proof' industries to work in, according to economists5 recession-proof jobs with 'consistently high' demand, according to economistsSign up now: Get smarter about your money and career with our weekly newsletter
☆ Your coworkers aren't less productive because they're 'quiet quitting.' They're just new to the job.
  + stars: | 2022-10-26 | by ( Jacob Zinkula | ) www.businessinsider.com   time to read: +6 min
Some say "quiet quitting" is among the key reasons why. But "quiet quitting" likely isn't why. But while quiet quitting may be a real phenomenon and newly coined phrase, the practice is not a new one. "I don't think "quiet quitting" is real or affecting productivity growth," Adam Ozimek, chief economist at the policy organization Economic Innovation Group, wrote on Twitter last week. But while remote workers may be productive once they're up and running, it's possible new remote employees are less productive.
☆ America's 'Zoomtowns' are running out of water
  + stars: | 2022-10-24 | by ( Kelli María Korducki | ) www.businessinsider.com   time to read: +11 min
Remote workers aren't just driving up housing prices but also adding more of a burden to already water-strapped regions. Running out of waterAmerica's water crisis, which has been bubbling for years, has become dire. The lack of fresh snow means that less water makes its way into the river and its massive reservoirs — Lake Mead and Lake Powell — upon which the region depends for water. They found that statewide COVID-19 stay-at-home orders triggered "significant increases" in residential water consumption — a trend the researchers attributed, in large part, to remote workers. While population growth does increase water usage, it's (pardon the pun) a drop in the bucket of the bigger-picture crisis.
☆ This one chart shows why pandemic boomtowns like Phoenix and Denver are in trouble — they're running out of water
  + stars: | 2022-10-24 | by ( Samantha Delouya | Kelli María Korducki | ) www.businessinsider.com   time to read: +2 min
The rise in remote work caused many workers to move to lower-cost cities. One chart shows why cities that saw huge influxes of people might be in trouble. One study found that the water crisis might have been made worse by the remote workers using more water at home. People working from home have likely made the water shortage worse. Read the full story on the water shortage facing pandemic boomtowns and how some cities are trying to tackle the crisis.
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