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☆ 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.

☆ Remote job options are dwindling
▼ + stars: | 2023-03-27 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +4 min

The following chart shows select industries and which ones among them have the highest share of establishments where people teleworked all the time. BLS data shows the information sector had a relatively high share of establishments where workers worked remotely all the time, at 42.2%. While remote options may seem to be dwindling, some experts Insider talked to say that remote work is going to continue to be prevalent. "Remote work has been a huge and permanent change to how people work and live," Adam Ozimek, chief economist at the Economic Innovation Group, told Insider. Have you had to choose between returning to the office or losing your job?

☆ A worker who fears she's getting 'quietly fired' explains 2 warning signs that your company might be trying to push you out
▼ + stars: | 2023-03-26 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

"There's a certain amount of gaslighting that goes on, too, from management," she told Insider. She added that quiet firing typically involved singling out people, rather than employers trying to push out many. "At the end of the day, quiet firing is more about the culture of fear it produces," the account manager said. 'Push, push, push' on harder-to-achieve goalsAnother sign the account manager has seen is an increase in goals. It's just push, push, push."

College enrollment has declined over the last decade. Here are three reasons why college enrollment may have collapsed. Why learn when you can earnThe robust labor market may have also contributed to college enrollment falling. Such attacks on colleges over the years might have caused Republicans to question the skill benefits of a college education. Did you get a job without a college degree?

☆ If you think you're being 'quiet fired,' just talk to your boss and find out what's up
▼ + stars: | 2023-03-25 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

Career expert Vicki Salemi defines "quiet firing" as when companies push an employee to resign, rather than directly terminating them. Workplace experts say that you should talk to your boss and find out what's going on, and also keep a record of the signs or occurrences that make you think you're being quiet fired. And while Wigert's explanation of quiet firing involves managers, talking to your boss can be an important thing to do if you see some early signs of quiet firing. Not everyone may want to talk their to manager if they think they're being pushed out through quiet firing. They may think they have a "bad boss" that they can't talk to about their concerns or these signs they noticed.

☆ Low-wage workers got big raises during the pandemic. Now that's coming to an end.
▼ + stars: | 2023-03-23 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +4 min

A new report from the left-leaning Economic Policy Institute analyzes wage growth from 2019 to 2022. Researchers found that the lowest-earners saw the highest real wage growth out of the groups analyzed. That growing pay was due to pandemic policy and need for workers, but those policies have ended. EPI looked at how the real wage growth of 9.0% for the lowest-paid workers compared to earlier business cycles and recessions. While it might sound counterintuitive that job losses lead to higher wages, EPI identifies this phenomenon as something called "severed monopsony."

☆ The 10 US cities where it's hardest to build affordable housing
▼ + stars: | 2023-03-21 | by ( Eliza Relman | Madison Hoff | ) www.businessinsider.com time to read: +3 min

Restrictive zoning, often originally designed to exclude people of color, persists in metros across the US. Restrictive zoning policies are a major obstacle to building more housing, particularly affordable housing for lower and middle-income Americans, amid a national housing shortage. But restrictive zoning isn't limited to major coastal cities. And it prevents neighborhoods from becoming more dense, worsening the national housing shortage and limiting the supply of much-needed affordable housing. Multi-family homes, apartment buildings, and other more affordable housing are illegal to build in vast swaths of the nation's residential neighborhoods.

☆ ChatGPT is the Myspace of AI: It's fun, but it's far from taking your white-collar job
▼ + stars: | 2023-03-18 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Despite excitement around ChatGPT and GPT-4, there are concerns about AI tools taking jobs. "Artificial intelligence may have a role in displacing, or at least reducing, the need for less skilled workers," Lee said. Hope Bradford, senior director of digital transformation at Kelly, a staffing and workforce company, told Insider that AI tools help HR professionals screen candidates. Are white-collar workers' jobs at risk of being cut because of AI tools? While people have found success and the pros of AI tools, there's still uncertainty about their future and fears still loom.

☆ 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.

☆ Inflation cooled down again in February as the Fed wrestles with the Silicon Valley Bank failure
▼ + stars: | 2023-03-14 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

The consumer price index rose 6.0% year-over-year in February, less than January's year-over-year change of 6.4%. The cooldown should be welcome news to the Fed as it prepares for its interest rate decision next week. According to Tuesday's consumer price index (CPI) report from the Bureau of Labor Statistics, CPI soared 6.0% year-over-year in February. More specifically, the change for the index for food at home was 10.2%, higher than the year-over-year change of 8.4% for food away from home. The Fed will also have to confront a new round of financial turmoil after regulators recently closed Silicon Valley Bank and Signature Bank.

☆ How a laid-off worker used TikTok to find a new job: 'You have to look at non-traditional ways of making those connections'
▼ + stars: | 2023-03-12 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

"Because obviously getting referrals or a job through TikTok sounds kind of insane when you kind of think about it. Vining is now a consultant technical project manager after getting a referral from someone who commented on one of his TikTok videos. Others have also shared their layoff experience in TikTok videos. "So I think you have to look at non-traditional ways of making those connections. And in my instance, my non-traditional way of making a connection that led to a job was through TikTok."

☆ The Great Resignation is pretty much over for some workers — but not everyone. See how your industry is doing.
▼ + stars: | 2023-03-11 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Right now, the Great Resignation is still strong in many blue-collar, service industries. But the Great Resignation is coming to an end in remote, knowledge-based roles. Information, which encompasses some tech roles, also saw employment decline from January to February. "If you read about the Great Resignation while you were working from home on a computer, in your pajamas, the Great Resignation's over," Terrazas said. In industries like retail and leisure and hospitality, the Great Resignation lives on.

☆ The US added 311,000 jobs in February, for yet another month of hot labor market growth
▼ + stars: | 2023-03-10 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

New data out Friday morning shows how the US labor market looked in February. According to the Bureau of Labor Statistics, nonfarm payrolls rose 311,000, exceeding the 205,000 gain forecasted by economists surveyed by Bloomberg. They expected payroll growth in February to fall from January's massive initial reading last month of 517,000. If we get a second strong report, that really has to change a lot of narratives out there about what is going on in the labor market and the economy." However, the rate was still historically low in January even if it may seem like there are massive job cuts happening.

☆ Layoffs are still historically low, so why does it feel like everyone's losing their job?
▼ + stars: | 2023-03-09 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +9 min

The layoffs and discharges rate in January was 1.1%, which remains historically low. While BLS data may show a low US layoff rate overall, tech layoff announcements are important, given Pollak said that tech and finance are "synonymous with Americans' aspirations generally." "Those markets are very exposed to tech layoffs, and tech plays a disproportionate role in the economy," Terrazas added. Pollak told Insider that the layoffs at tech companies are "relatively small" and that "many companies also are not pursuing layoffs across the board." Despite the layoff rate being very low, job seekers may still be concerned about these headlines.

☆ Millennials in their 30s are sitting in an economic quagmire that could stick with them through retirement
▼ + stars: | 2023-03-08 | by ( Jason Lalljee | Madison Hoff | ) www.businessinsider.com time to read: +7 min

In the long run, this generation may also be hit by cuts in Social Security benefits. In the longer run, millennials' retirement may also be affected if Social Security benefits are cut. Millennials in their 30s are accruing debt faster than their peersWhile Experian and Credit Karma research show Gen X has the highest average debt, millennials still hold a lot of debt too — and are accumulating it faster than anyone else. Millennials face looming retirement insecurityIf all of that wasn't enough, millennials' retirement situation in the future could be different from Gen X and baby boomers. Additionally, millennials' retirement safety nets are likely to be affected if they can't get full Social Security benefits.

☆ Over 2 million workers are missing from the US workforce. Here's how they're paying their bills.
▼ + stars: | 2023-03-05 | by ( Madison Hoff | ) www.businessinsider.com time to read: +7 min

There are over two million workers missing from the US labor force, per Bank of America Institute. They can thank gig work, living with others who are earning money, and excess savings or stimulus money during the pandemic. "There's no single driver that's really causing people not returning back to the labor force," Zhou told Insider. Below are different ways these "missing workers" from the labor force may still be affording expenses and paying bills. The "financial buffer" that some of these missing workers may be relying on could be a "temporary reason" they left.

☆ 6 ways companies are 'quiet firing' white-collar workers
▼ + stars: | 2023-03-03 | by ( Madison Hoff | ) www.businessinsider.com time to read: +9 min

The kinds of moves Cutter is describing are examples of a growing workplace trend of "quiet firing." Wigert added that "quiet firing happens unintentionally more often than intentionally." "Economic conditions can certainly spur more quiet firing," Wigert said. It could also be the case that your pay suffers along with this in quiet firing. "Typically with quiet firing, you are the person who's being impacted.

☆ Meet the real Rosie the Riveter, who was unknown until a years-long investigation revealed her identity
▼ + stars: | 2023-03-02 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

Rosie the Riveter is one of the most iconic images in pop-culture history. For 30 years, Geraldine Hoff Doyle was believed to be the inspiration for Rosie the Riveter. An investigation in the 2000s found that another worker, Naomi Parker Fraley, inspired the image. For three decades, Geraldine Hoff Doyle was widely acknowledged as the inspiration behind Rosie the Riveter. However, an investigation conducted in the 2000s revealed that Naomi Parker Fraley, who worked at the Naval Air Station in Alameda, California, had served as the true inspiration behind the image.

Persons: Rosie, Geraldine Hoff Doyle, Rosie the, Naomi Parker Fraley, — Organizations: Service, Naval Air Station, Business Locations: Alameda , California

☆ Writing your résumé with AI makes it easier to find a job, a study finds. But this edge could vanish once everybody's doing it.
▼ + stars: | 2023-03-01 | by ( Madison Hoff | Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Using AI to help write your résumé improves your odds of landing a job, a study found. While the study didn't use ChatGPT, it points to AI's potential to help job seekers. Meaning, van Inwegen said, that employers "do care about" résumé writing. But if AI tools like ChatGPT proliferate — and millions of job seekers begin using AI tools to craft their résumé, it might get harder to stand out. "Everyone's résumé will have gone through some sort of algorithmic checker," van Inwegen said.

☆ Millions of Americans are facing a hunger cliff as food stamps are slashed: 'The poorer you are, the poorer you eat'
▼ + stars: | 2023-03-01 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +8 min

Those emergency allotments ending will leave some with hundreds less in SNAP benefits each month. Courtesy of David WelchWelch is one of the millions of Americans suddenly contending with the end of pandemic-era expanded food stamps. The emergency allotments also helped keep many out of poverty. For some, the emergency allotments meant more than just sustenance — it also meant nutrition. The recipients Insider spoke to are just a handful among the millions of people who were still receiving the emergency allotments.

☆ 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.

☆ Food banks, already struggling with high demand, are bracing themselves for an onslaught once emergency food stamps wind down: 'This is really, really going to hurt some of the most vulnerable populat
▼ + stars: | 2023-02-26 | by ( Juliana Kaplan | Madison Hoff | ) www.businessinsider.com time to read: +8 min

Food banks are bracing for an onslaught amidst reduced resources and high prices. The food bank has already been up against high food and gas costs and increased demand. And it's not just the food banks themselves that will be affected but also the programs and partners the food banks work with. "A lot of people aren't really thinking in terms of that, that this is really, really going to hurt some of the most vulnerable populations." And while demand continues, there isn't as much food available as during the pandemic when food banks were given assistance.

☆ 'Quiet' is the workplace word of 2023
▼ + stars: | 2023-02-25 | by ( Madison Hoff | ) www.businessinsider.com time to read: +9 min

Bare Minimum Monday, another workplace buzzword of 2023, also relates to quiet quitting. Experts think those "quiet" trends and more are set to continue throughout 2023 and beyond. "Quiet hiring" is one of the "biggest workplace buzzwords" of 2023 per Insider's reporting. Emily Rose McRae of Gartner's HR Practice said per reporting from GMA that quiet hiring is a workplace trend in 2023 in part because of a shortage in talent. Other buzzwords of the year from Insider's reporting relate to quiet quitting even if they don't use the word quiet.

☆ Half of Americans have less emergency savings than last year or no savings at all
▼ + stars: | 2023-02-24 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

A Bankrate survey that took place from January 20 to January 23 asked about how a respondent's emergency savings compared to these savings a year ago. About 4 in 10 US adults have fewer emergency savings than they did just a year prior, according to the survey conducted by SSRS. But not everyone has seen their emergency savings fall from where they stood a year ago. "Many have resorted to tapping their emergency savings if they have it, or have taken on credit card debt, or some combination. And emergency savings is money of course that should be highly liquid for when and if they need to tap that money supply."

☆ The 20 most affluent places in the US
▼ + stars: | 2023-02-23 | by ( Madison Hoff | ) www.businessinsider.com time to read: +2 min

There are some places in the US where the average household income is over half a million dollars. In Country Life Acres village in Missouri, the average was $617,688 based on data covering 2017 to 2021.Insider looked at the 20 places with available data that had the highest household incomes. Some places with available data had far higher household incomes than other US places. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. The following are the 20 most affluent places in the US based on places with estimates from the American Community Survey.

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