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What exactly are "Black jobs" — and are they really at risk from the recent surge of immigrants? "They're taking Black jobs, and they're taking Hispanic jobs, and you haven't seen it yet, but you're going to see something that's going to be the worst in our history." It's true that Black workers have historically been overrepresented in certain sectors like government and home health care. When it comes to pay, inflation-adjusted weekly earnings for Black workers reached a two-decade high of $314 under Trump. But amid persistent inflation and a cooling job market, Black workers' average weekly earnings declined in the most recent quarter to $293.
Persons: Donald Trump, Joe Biden, Derrick Johnson, Johnson, Trump, , Clinton, Keisha Lance Bottoms, Cherron Perry, Thomas, Biden, haven't, Seth Anderson Organizations: Republican, NAACP, NBC, Black, Americans, Biden, Trump, U.S, Former Atlanta, NBC News, Labor Statistics, Economic Policy Institute Locations: Atlanta , Georgia, U.S, U.S ., Pennsylvania
Without that legislation, the surgeon who operated on me probably wouldn’t be here. Nor many workers at the company that makes these robots or those at a different company that designed the chips that enable the robot. As my ordeal with cancer shows, immigration has become critical to our health. Immigrants account for more than a quarter of physicians, surgeons and personal care aides and about a fifth of nursing assistants. I’m not sure we realize that immigrants help keep us alive: Just look at West Virginia, a state hostile to immigration where aging residents have died before getting off the wait list for home health aides.
Persons: Lyndon Johnson, I’m Locations: West Virginia
Acting Secretary of Labor Julie Su is hitting the road — and wants good jobs to follow. Su is bringing the Department of Labor's "Good Jobs Principles" — a national framework for better working conditions and positions — across the country. Related storiesAs part of the tour kickoff, Phoenix Mayor Kate Gallego will also announce the city's commitment to the Good Jobs Principles. It's the DOL's latest attempt at promoting the idea of "good jobs," and making them more widespread. So it's embedding equity in the way that we're creating these jobs, " Teresa Acuna, the senior policy advisor and deputy director of the Good Jobs Initiative, said.
Persons: Labor Julie Su, Su, Biden, Kate Gallego, Teresa Acuna, Acuna, we're Organizations: Service, Labor, of, Business, Department of Labor, Biden Administration, Conference, Phoenix, Good Jobs Initiative Locations: Phoenix, Alabama, Florida, Georgia, Pennsylvania, Nevada, Michigan
Job growth in April was concentrated in traditionally low-paying sectors like healthcare and retail. Wage growth, though slower, still outpaces inflation, which is still a boon for workers. That's because the industries that led job growth in April are traditionally low-paying. Indeed, job growth is concentrated in industries that are historically low-paying — and continue to pay less than the average across private industries. As Pollak notes, "wage growth has come down sharply, but it's mostly come down in industries where it was very rapid before."
Persons: , it's, Jobs, that's, Labor Julie Su, Julia Pollak, It's, Kate Bahn, Insider's Aki Ito, Pollak, ALICE, They're, Nick Bunker, Bunker Organizations: Service, Federal Reserve, Labor, Healthcare, Institute for Women's, North, Business Locations: Bahn, North America
Has South Africa Truly Defeated Apartheid? U.S.A., 2020 – 63% U.K., 2019 – 62% 60% 49% 40% 20% 1994 2004 2014 2019 Sources: Collette Schulz-Herzenberg, "The South African non-voter: An analysis"; Konrad Adenaur Stiftung, 2020 (South Africa); Pew Research (United States and U.K.)On a continent where coups, autocrats and flawed elections have become common, South Africa is a widely admired exception. −4% −6% Sources: Harvard Growth Lab analysis of World Economic Outlook (South Africa and sub-Saharan Africa) and World Development Indicators (upper-middle-income countries). 50% unemployment rate 40% Black unemployment rate 30% The unemployment gap between Black and white South Africans remains wide. In 2022, about 6 percent of South Africans aged 18 to 29 were enrolled in higher education, according to Statistics South Africa.
Persons: Nelson Mandela, they’ve, Collette Schulz, Konrad Adenaur Stiftung, , Walter Sisulu, Joao Silva, New York Times Jack Martins, , Mandela’s, Wandile Sihlobo, Johann Kirsten, Sihlobo, Kirsten, haven’t, Zinhle Nene, Peter Mokoena, , Mokoena, Nokuthula Mabe, Mabe, Jacob Zuma, Chrispin Phiri, Cyril Ramaphosa, Israel, Sibusiso Zikode, Zikode, Mr Organizations: African National Congress, Pew Research, Human Sciences Research, World Bank, Black South, Charter, New York Times, University of Cape Town’s Liberty Institute of Strategic Marketing, Johannesburg Stock Exchange, Economic Empowerment, South, Harvard, Economic, Government, Black, Mr, Stellenbosch University . White, Statistics, Security, JOHANNESBURG Jobs, JOHANNESBURG Sandton Downtown, West University, Education, Statistics South, General Household Survey, of, Stellenbosch University, Ministry of Justice and Correctional Services, Institute for Security Studies, International Court of Justice Locations: Africa, South Africa, Black, States, Soweto, Kliptown, Johannesburg, South, Saharan Africa, Carletonville, JOHANNESBURG, Downtown Soweto, JOHANNESBURG Sandton, JOHANNESBURG Sandton Downtown Soweto, North, Mahikeng, Botswana, Statistics South Africa, Brazil, Mexico, Philippines, African, Germany, Russia, India, China, Ethiopia, Burundi, Zimbabwe, Ukraine, New York Times South Africa, Gaza, Durban, South Africa’s
Read previewAustin Walters started SpringTide Ventures in 2018 to disrupt healthcare by democratizing access to health innovations. The firm just closed its second $65 million fund to make more of those bets. A tough fundraising environmentAfter closing on its first $20 million fund, which the firm began investing out of in 2019, SpringTide originally set a $100 million target in 2021 for its second fund, Walters said. SpringTide picks a different focus area each time — most recently, home health, where the firm has invested in companies like family primary care startup Nest Health. By solving significant problems with advanced technologies, these companies have natural competitive advantages that allow them to drive outsize returns for the firm, Walters said.
Persons: , Austin Walters, Walters, Henry Ford, We're, SpringTide, Justin Hackworth Photgraphy SpringTide, OpenLoop, outsize, SpringTidew hasn't, " Walters Organizations: Service, SpringTide Ventures, Tiger Global, Sonic Healthcare, Business, Health, Ally Bank, Troomi Wireless Locations: Boston, San Francisco, Salt Lake City, New York
Tucked at a corner table inside a Barnes & Noble cafe in Logan Town Centre, a sprawling exurban shopping complex in Blair County, he tapped away at two laptops. His work PC was open with notes on his clients: local seniors in need of at-home health care and living assistance, whom he serves as a registered nurse. On his sleeker, personal laptop he eyed some coursework for the master’s degree in nursing he’s finishing so he can work as a supervisor soon. Shortly after becoming certified, he pushed through long days in a hospital during the height of the Covid pandemic at a salary of $40,000. Today, he has what he calls “the best nursing job pay-wise I’ve ever had,” at $85,000.
Persons: Darren Mattern, Organizations: Barnes, Logan Town Centre Locations: Pennsylvania, Noble, Logan Town, Blair County
In that majority lies a pressing question: How will the introduction of artificial intelligence impact hourly workers? 'Deskless workers' and technologyRegardless of the perspective, hourly workers and the people who manage them are actively seeking technology solutions to help streamline their workflow. For example, robotics-enabled sorting and small item picking is infiltrating the logistics industry, which is traditionally staffed by hourly workers on the warehouse floor. "This will be the decade of hourly workers that are focused on delivery of services that require human touch," she said. One thing that hourly workers, like all workers, aim for is a sense of meaning on the job.
Persons: Silvija Martincevic, Doug Hammond, Hammond, Martincevic, haven't, isn't, packer —, , there's Organizations: Bureau of Labor Statistics, Industries, Randstad USA, Hardware, Bros, Organisation for Economic Co Locations: upskilling
But with his latest startup, Cherish Health, he's taking a different approach. To date, Cherish Health, which makes a radar-based device to detect falls in the home, has raised $26 million from these alternative sources. Cherish Health is now gearing up to raise its Series B round, targeting $30 million at a $200 million valuation. In late 2022, Cherish Health landed $5 million in Series A funding led by Alarm.com at a $45 million valuation. If Cherish Health had gone the way of traditional venture capital, Nagpal said, "we would've given up most of our value by now."
Persons: Sumit Nagpal, Nagpal, he's, we've, JP Morgan, Health's, Health, Alarm.com, consortiums, aren't Organizations: pharma, Abbott, Business, Accenture, Health, Apple, Comcast, Amazon, Cherish Health Locations: Alere, Haven, Amazon , Berkshire, Alarm.com, VCs
Bri, a single mom of four, is struggling to make ends meet driving for DoorDash and Walmart Spark. Bri turned to gig driving after a knee injury made her previous job at an Amazon warehouse untenable. Gig driving with a disabilityBri was a business owner in home healthcare, but once the pandemic struck, she lost access to many of her clients. She was unsure how long Amazon's disability payments would last, and gig driving was one of her only options. She's driving her daughter's car after she wrecked hers a few months ago.
Persons: Bri, , aren't, Lyft, Uber, DoorDash, She's, GrubHub, she's, hasn't, there's, I've Organizations: DoorDash, Walmart, Service, Business, Doordash, Amazon, Down, UPS Locations: Fort Worth , Texas, New York City, Galveston, Texas, bam, DoorDash
Citi reiterates Snowflake as a top pick Citi said Snowflake remains a top pick at the firm. Citi reiterates Micron as buy Citi said concerns about the stock underperformance is overdone and investors should buy the dip in top pick Micron. "We reiterate our Buy rating on Micron and maintain our price target of $95.00, above its historical average given the DRAM upturn and continued upside." "We are initiating coverage of Duolingo with a Buy rating and $222 price target (12x 2025 revenues)." Citi reiterates Nvidia as a top pick Citi said it's staying long shares of Nvidia.
Persons: Morgan Stanley, Rivian, Snowflake, Berenberg, Eli Lilly, Unilever, Edward Jones, Goldman Sachs, Piper Sandler, Piper, Datadog, Yuka Broderick, Janney, Argus, Wells, VZIO, MGY, Bernstein, it's, Evercore, Davidson Organizations: Citi, US pharma, Staples, Fractyl Health, Investor Relations, Strategic Finance, American Eagle Citi, Watch, Micron, UBS, Netflix, SUN, Kroger, Industry, Deutsche Bank, Deutsche, Seaport, Bank of America, Gas, Semiconductors, Nvidia, AMD, Seagate, Bank of, underperform Bank of America, JPMorgan, Comerica, CMA
1 in 4 New York City Children Now Lives in Poverty
  + stars: | 2024-02-21 | by ( Stefanos Chen | ) www.nytimes.com   time to read: +2 min
It differs from the U.S. census’s official poverty measure, which only counts cash resources, but the supplemental measure is also widely used by government. In 2022, under the supplemental measure, a family of New York City renters with two children was considered below the poverty line if it made less than about $44,000. Why It Matters: The City’s Economic Recovery Is UnevenThe rise in poverty underscores wide disparities in New York. A major reason for the disparities is the lopsided jobs recovery, said James Parrott, the director of economic and fiscal policy at the Center for New York City Affairs at the New School. The median household income in New York City is about $75,000.
Persons: Christopher Wimer, “ It’s, Wimer, “ we’re, James Parrott, Parrott, Charles Lutvak, Organizations: Poverty, Columbia University, Center, New York City Affairs, New Locations: New York, New York City
“I feel comfortable.”Plaza del Sol is one of two dozen sites run by Urban Health Plan Inc., which is one of nearly 1,400 federally designated community health centers. Sometimes, it’s just that.”Fifty years ago, Dr. Acklema Mohammad started as a medical assistant in Urban Health Plan’s first clinic, San Juan Health Center. About 150 elders get at-home visits, said Dr. Manuel Vazquez, Urban Health Plan’s vice president of medical affairs who oversees the home health program. Building community trustOne of the nation’s first community health centers opened in the rural Mississippi delta in 1967, in the wake of the Civil Rights Movement’s Freedom Summer. Delta Health Center in Mound Bayou, Mississippi today operates the health center has 17 locations in five counties, including free-standing clinics and some in schools.
Persons: Elisa Reyes, ” Reyes, they’ve, Matthew Kusher, ” Kusher, , , Kyu Rhee, Yelisa Sierra, “ It’s, Sierra, Acklema Mohammad, Mo, pediatricians, ” Mohammad, telehealth, Manuel Vazquez, isn’t, , there’s, Temika Simmons, New York City’s, Angelica Flores, DaSilva, they’re, ” Simmons, You've, Kasturi Pananjady, Robert Wood Johnson Organizations: del, Family Health, Urban Health, Inc, Associated Press, U.S . Health Resources, Services Administration, , National Association of Community Health Centers, Urban Health Plan’s, San Juan Health Center, El Nuevo San Juan Health Center, Civil, Delta Health Center, Delta Health Center’s, Staff, Press, Associated Press Health, Science Department, Robert Wood Johnson Foundation, AP Locations: Queens, Sol, U.S, El Nuevo, Mississippi, Mound Bayou , Mississippi, Leland, Greenville, Jackson, Memphis, del Sol, Corona, New York, In Mississippi
Independent workers make up about 45% of the U.S. workforce, according to a 2023 report by MBO Partners, a platform dedicated to their needs. That's more than 72 million Americans altogether, with nearly 30 million of them working independently full-time. This misclassification could lead to a loss in income, ineligibility for state and federal unemployment systems and so on. Nearly 10% of independent contractors make less than $7.25 per hour, according to the National Employment Law Project. A new rule change under the Fair Labor Standards Act, set to take effect on March 11, is aimed at curbing this misclassification.
Persons: Sally Dworak, Fisher, Samantha Sanders Organizations: MBO Partners, National Employment Law, Economic, Institute, Fair Labor Locations: NELP
About 10,000 baby boomers are expected to turn age 65 every day until 2030. An estimated 70% of those individuals will need long-term care services at some point, according to Genworth Financial. 'Forever grateful' for communitySylvia Bradshaw, an 84-year-old Laguna Beach resident who moved to the city in 1983, describes it as "paradise." "Anything that I've needed, I've gotten help," Bradshaw said. That has included help sorting through insurance choices, legal advice, transportation assistance and classes and social events, said John Bradshaw, Sylvia's son.
Persons: Laguna Beach , California Luciano Lejtman, Jessica Lautz, Lautz, Sylvia Bradshaw, Bradshaw, it's, Redman, I've, John Bradshaw, Sylvia's, John, Carolyn McClanahan, McClanahan, Tom West Organizations: Getty, National Association of Realtors, Laguna Beach, Planning Partners, Signature Estate, Investment Advisors Locations: Laguna Beach , California, Laguna, Ireland, Laguna Beach, Jacksonville , Florida, Tysons Corner , Virginia
Meanwhile, Jim Cramer's interview with an influential member of President Joe Biden's cabinet proved encouraging for Club holding Nvidia . It's been a two-session roller-coaster ride that illustrates the importance of staying disciplined and not chasing stocks while they're surging for non-fundamental reasons. Traders were trying to front-run the official announcement, pushing Linde stock up 4.53% Tuesday, to an all-time high of $426.72 per share. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Nvidia CEO Jen-Hsun Huang at the Consumer Elctronics Show (CES) in Las Vegas, USA, 04 January 2017.
Persons: Linde, Jim Cramer's, Joe Biden's, It's, Pfizer's, drugmaker Seagen, there's, Gina Raimondo, Jim, Biden, Raimondo, " Raimondo, Cigna, Humana's, , Humana, Aetna's, Jim Cramer, Jen, Hsun Huang, Huang, Andrej Sokolow Organizations: Club, Nvidia, LIN, Linde, Nasdaq, Traders, . Commerce, U.S, Bank of America, Wall Street Journal, Humana, CNBC, Consumer, Audi, Getty Locations: China, U.S, Wall, Las Vegas, USA
What to Know About Home Care Services
  + stars: | 2023-12-02 | by ( Reed Abelson | More About Reed Abelson | ) www.nytimes.com   time to read: +1 min
And most middle-class people will have to pay for home care themselves if they will need it for the long haul. After a fall or surgery, some older people will need short-term care at home from a nurse or therapist to help them recover. Medicare, the federal insurance program for those 65 and over, typically pays for this kind of home health care. They need a home health aide or personal care assistant, who may not have much, if any, medical training. A wide range of services are available, whether it’s light housekeeping or hiring a private-duty nurse.
Persons: Monica Moreno Organizations: Medicare, Alzheimer’s Association
It’s a good day when Frank Lee, a retired chef, can slip out to the hardware store, fairly confident that his wife, Robin, is in the hands of reliable help. He struggled to care for her largely on his own. “As Mom’s condition got more difficult to navigate, he was just handling it,” said Jesse Lee, the youngest of the couple’s three adult children. “It was getting harder and harder.”“Something had to change, or they would both perish.”Frank Lee’s search for trustworthy home health aides — an experience that millions of American families face — has often been exhausting and infuriating, but he has persisted. He didn’t entirely trust the care his wife would get in an assisted-living facility.
Persons: Frank Lee, Lee, , Jesse Lee, ” Frank Lee’s, Locations: Palms, Charleston, S.C
Cooks at restaurants are expected to increase 20% between 2022 and 2032. Employment is expected to grow from 1.36 million in 2022 to 1.64 million in 2032, which represents an over 20% increase. As of May 2022, restaurant cooks make about $34,000 a year, or $16.40 an hour. Hawaii, Rhode Island, and Nevada have the largest concentration of restaurant cooks, while the Northeast and West Coast have the highest average salaries. However, the number of fast food cooks is projected to fall by over 101,000 by 2032 as fast food establishments continue to reduce staff or close locations.
Persons: , Disney, Bruce Grindy, Grindy, It's, there's Organizations: Service, Employment, Restaurant Industry, National Restaurant Association, Student, Entertainment, BLS Locations: Hawaii , Rhode Island, Nevada, Northeast, West Coast, United States
Biden Is Losing Black Voters. Here’s Why It Matters.
  + stars: | 2023-11-13 | by ( Catherine Lucey | ) www.wsj.com   time to read: 1 min
PHILADELPHIA—When Michelle Smith voted for President Biden in 2020, she thought he would help people like her, a Black mother working two jobs and raising three teenage boys in North Philadelphia. Now she says she won’t vote for him again, citing higher prices, skyrocketing rent and a feeling she has been left behind. “I really did think he was going to help people in my situation,” said Smith, 46 years old, who earns $12.50 an hour working as a home health aide and makes Instacart deliveries for extra money. “It’s like all of them talk a good game until they get elected.”
Persons: Michelle Smith, Biden, , , Smith Organizations: PHILADELPHIA Locations: North Philadelphia
PHILADELPHIA—When Michelle Smith voted for President Biden in 2020, she thought he would help people like her, a Black mother working two jobs and raising three teenage boys in North Philadelphia. Now she says she won’t vote for him again, citing higher prices, skyrocketing rent and a feeling she has been left behind. “I really did think he was going to help people in my situation,” said Smith, 46 years old, who earns $12.50 an hour working as a home health aide and makes Instacart deliveries for extra money. “It’s like all of them talk a good game until they get elected.”
Persons: Michelle Smith, Biden, , , Smith Organizations: PHILADELPHIA Locations: North Philadelphia
OAKLAND, Calif. (AP) — Tens of thousands of health care workers have ratified a new four-year contract with industry giant Kaiser Permanente following a strike over wages and staffing levels, the parties announced Thursday. Of the 85,000 members in the Coalition of Kaiser Permanente Unions, 98.5% voted in recent weeks to ratify the contract, the coalition said in a press release. The deal includes setting minimum hourly wages at $25 in California, where most of Kaiser’s facilities are located, and $23 in other states. The workers’ last contract was negotiated in 2019, before the COVID-19 pandemic. The three-day strike last month involved 75,000 workers in California, Colorado, Oregon and Washington.
Persons: Kaiser, understaffing, Steve Shields, Kaiser’s Organizations: OAKLAND, Permanente, Coalition, Kaiser Permanente Unions, Workers, D.C Locations: Calif, California, California , Colorado , Oregon, Washington, Virginia, Oakland , California
Social Security beneficiaries will soon get notices showing exactly how much money to expect in their monthly checks for 2024. Those recipients are slated to get a 3.2% boost to their benefits starting in January with the 2024 annual cost-of-living adjustment. One factor that will affect exactly how much beneficiaries receive is their Medicare Part B premium, which is typically deducted directly from Social Security checks. More from Personal Finance:Will Social Security be there for me when I retire? Standard monthly premiums are slated to rise by $9.80 per month to $174.70 in 2024, from $164.90 per month this year.
Organizations: Social Security, Finance, Will
The rise in new mobile devices has allowed us to access aspects of our personal healthcare in increasingly simple and flexible ways. AdvertisementAdvertisementOne such business is Qured, a startup that was founded in 2017 in London that offers users access to at-home health screening. That experience really drove my determination to work with innovative tech startups," said Lyz Swanton, Qured's COO. "We are seeing more patients relying on their smartphones to access healthcare," Swanton said. "I am very excited for the future of healthtech and the possibilities of mobile innovation to transform lives," Swanton said.
Persons: , Lyz Swanton, Qured, Swanton, Samsung Knox, Thomas Christensen, Christensen, campervans Organizations: CDC, Premier League football, Devices, Samsung, Insider Studios Swanton, Samsung Galaxy Locations: London
That includes four Social Security benefit changes that may help this vulnerable population as they age, according to the task force. Create a bridge benefitA bridge Social Security benefit could help workers who cannot work until their full retirement age, but who are unable to claim Social Security disability benefits. The bridge benefit would start from age 62, when claimants are first eligible for retirement benefits, and last until age 67, or full retirement age. Claimants would receive half the difference between what they would receive at full retirement age versus age 62. Change the earnings testPeople who claim Social Security retirement benefits before their full retirement age and who continue to work may be subject to an earnings test.
Persons: Turner, Joel Eskovitz, Vallas, John Larson, Conn Organizations: Getty Images Workers, Social, Social Security, AARP, Institute, National Academy of Social
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