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More US companies are dropping experience and education requirements from their job postings. AdvertisementDropping hiring requirements could save some companies moneyThere's some evidence that companies could already be dropping hiring requirements in part to cut costs. He found that the industries with the largest declines in hiring requirements also saw "rapidly cooling demand" for workers over this period. The marketing and IT sectors also have experienced hiring slowdowns and large declines in hiring requirements, per Indeed data. It's not clear how much of an impact the decline in hiring requirements has had on employer's labor costs.
Persons: , Cory Stahle, Stahle, slowdowns Organizations: Service, Business, LinkedIn
AdvertisementSome recently started driving for Uber and Lyft to earn extra income and have something to do. AdvertisementHaving something to do in retirementSome drivers like Glenn Mueller, 75, said Uber driving gives him something to do in his retirement. Others like Bob Milosavljević, 72, rely on driving income to supplement his Social Security income. Now, Petrie, who lives in Anderson, South Carolina, said he gets $1,780 in Social Security, which isn't enough to cover all his expenses. He retired 11 years ago in Southwest Florida and started driving for Uber and Lyft in 2017 to supplement his Social Security.
Persons: George Conner, Uber, they're, they'll, Lyft, Glenn Mueller, Mueller, Bob Milosavljević, Milosavljević, hasn't, That's, David Petrie, Petrie, Steve Wilkie, , Wilkie, Marilyn Cassidy, she's, Cassidy, Susan Harward, Harward Organizations: Service, Social Security, Business, BI, Security, Fort Myers Locations: Florida, Naples , Florida, Boston, Anderson , South Carolina, Southwest Florida, Miami, Fort, Myrtle Beach , South Carolina, Salt Lake City
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRepealing pension reform will hurt French markets, professor saysPhilippe Aghion, professor at Collège de France, discusses several options for France's political future, weighing the economic plans put forward by varying parties.
Persons: Philippe Aghion Organizations: Collège de Locations: Collège, Collège de France
Read previewIn 2018, at age 40, Kenneth Ferraro decided to pursue a college degree for the first time. Ferraro, who's based in Texas, had worked as a truck driver for decades, he told Business Insider via email. The perceived benefits of a college degree have led more Americans to go back to school later in life. Related storiesFerraro shared the biggest challenges he's faced in his job search, including why he thinks having a college degree has sometimes worked against him. While having a college degree improved his credentials, he thinks his age has held him back in the job market.
Persons: , Kenneth Ferraro, Ferraro, who's, Ferraro's, he's, it's, " Ferraro, wasn't Organizations: Service, Business, New York University, Bureau of Labor Statistics, National Center for Education Statistics, New York Fed Locations: Texas
Strong consumer demand has helped the U.S. economy weather the Federal Reserve's rate hikes, avoiding a hard landing where growth and employment turn lower. The high-end consumer Inui estimates the net worth of high-end consumers is actually accelerating to a high-single-digit rate. "As a result, discount retailers are facing high shrinkage, restaurants are becoming increasingly promotional to boost traffic and retailers with strong value propositions are gaining share." HSBC called McDonald's one of the stocks that offers "a strong value proposition" to consumers tightening their belts. Another retailer HSBC named was Target , which has an "expect more, pay less" strategy emphasizing private labels to boost sales.
Persons: HSBC's, Nicole Inui, Hilton, Marriott, Inui, Innui, — CNBC's Michael Bloom Organizations: HSBC, Viking Holdings, Worldwide Holdings, Marriott International, Royal, Motors Locations: U.S, Americas, Royal Caribbean
That was the verdict from some devoted Democratic voters who nervously tuned in to watch President Biden’s interview with ABC News on Friday. “I think he showed in this interview he’s cognitively there,” said Jayden D’Onofrio, 19, chairman of the Florida Future Leaders PAC, which represents high-school and college Democrats in the state. He was frustrated that Mr. Biden would not submit to a cognitive test, and said Mr. Biden’s doubling down on his refusal to leave the race could spell electoral doom for Democrats. “Biden is not demonstrating the traits that generate much confidence,” Mr. Avalos said. “There are 300 million people who rely on his cognitive abilities, and he’s unwilling to take a test because of his pride?”
Persons: Biden’s, , , Jayden D’Onofrio, John Avalos, Biden, “ Biden, ” Mr, Avalos Organizations: Democratic, ABC News, Florida Future, PAC, Democrats, San Locations: San Francisco
For many, trade jobs provide a financially secure alternative to a college degree. AdvertisementA new report by Pro Tools Reviews, an industry news and review site, highlights the highest-paying trade jobs in the US, giving insight into career opportunities that don't require a college degree. Experts at Pro Tools analyzed May 2023 wage data from the Bureau of Labor Statistics — the latest available — to determine the most lucrative trade jobs. Pro Tool Reviews also examined the most in-demand trade jobs in the US. AdvertisementHave you recently switched to a trade job, or are you a recent graduate looking to land a trade role?
Persons: , Zers, Gen Zers, Clint DeBoer, DeBoer Organizations: Service, Business, Pro, Tools, Bureau of Labor Statistics —, boilermakers, LinkedIn Locations: jtowfighi@businessinisder.com
Read previewI became a freelance marketing assistant without planning to in 2010 when my husband's military career forced me to quit yet another dream job. As we moved frequently over the previous seven years, I always landed new jobs, but starting over in every town didn't help my career progression. AdvertisementI advise new digital service providers to skip admin services and offer marketing services immediately. Marketing services are also the most flexible. I found that freelancers can hit the upper five figures and into the $100+/hour range by niching into specialized marketing services.
Persons: , I'd, VAs, you've, Emily Reagan Organizations: Service, Oklahoma City, Business, DC, Facebook, Air Force Locations: Washington, DC, Oklahoma
These include insufficient money to pay for college right out of high school and, "especially for women, family constraints." "What happens when people have kids right after high school that would keep them from going to college? After graduating from high school, Jones briefly enrolled in some English courses at a university but dropped out, saying he didn't have a focused mindset at the time. I haven't dealt with who I am or where I am in life," Jones told BI. According to a recent report from Gallup and the Lumina Foundation on the state of higher education in 2024, "adults' interest in pursuing some form of higher education is at the highest level" the organizations ever recorded.
Persons: Laura Rodgers, Rodgers, she's, I'm, Laura Rodgers Rodgers, she'll, Pauline Corblet, New York University Abu Dhabi, Corblet, it's, Alexander Jones, Jones, wasn't, Alexander Jones Jones, didn't, Josh Becker, He's, Becker, Matt, Matt —, Organizations: Service, Business, National Center for Education Statistics, National Bureau of Economic Research, New York University, Deloitte, Gallup, Lumina Foundation Locations: New York University Abu
Atlanta CNN —Larry Malinconico went to bed worried about President Joe Biden’s debate performance. “I’m extremely concerned,” Malinconico said just after the CNN debate Thursday night. She is still planning to vote Biden, but her reaction was also quite telling. “Why not allow Kennedy on stage,” he said of independent candidate Robert F. Kennedy Jr., who failed to meet the CNN debate criteria. — Trump supporters approved of his debate performance but there was no evidence in our group that he gained support.
Persons: Larry Malinconico, Joe Biden’s, “ I’m, ” Malinconico, , Biden, , Malinconico, , Pat Levin, Levin, Kamala Harris, Gavin Newsom, Biden –, “ Biden, ” Levin, ” Michael Pesce, Trump, ” Pesce, , Pesce, I’m, Davette Baker, Donald, Matt Vrahiotes, Vrahiotes, Kennedy, Robert F, Kennedy Jr, ’ ”, Antonio Munoz, – –, Christine Ngyuen, Anushka Jalistagi, — Trump, Kim Cavaliere, ” Ibrahim Ghazal, “ Trump, ” Ghazal, ” Linda Rooney, Rooney Organizations: Atlanta CNN, CNN, Trump, California Gov, Reagan Republican, Biden, Republicans, Democratic, Wayne State University, , of Michigan, College Democrats, , Hamas, Republican Locations: Northampton County , Pennsylvania, Northampton County, California, Bucks County, Philadelphia, Northampton, African American, Milwaukee, Hall County , Georgia, America, Vegas, Atlanta, Decatur, , Detroit, Palestinian, Israel
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From the ages of 7 to 17, my parents sent me to sleep-away camp for weeks. Starting at two weeks and quickly building up to six, I spent my summers away from home in Shelby, Michigan, on the sand dunes of Camp Miniwanca. At first it was hardI will admit, as a young child, the first few summers at camp weren't easy. I never had to worry about being judged by my camp friends and was able to grow in many ways, slowly becoming more confident, more curious, and more spirited. Summer camp molded me into the girl I was and the woman I've become — independent, curious, and always searching for the next adventure.
Persons: Camp Miniwanca, I've Organizations: Service Locations: Shelby , Michigan, Camp Miniwanca, Miniwanca, Washington ,
Mustafa Tovi, 45, draws a base salary of $168,000 as a Walmart store manager. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMustafa Tovi, 45, has spent more than half his life working at Walmart and has no regrets building his career with the big-box retailer. The Walmart manager said his base salary was recently raised to $168,000, a 17% increase from his original base salary of $143,000 last year. This story is available exclusively to Business Insider subscribers.
Persons: Mustafa Tovi, , Tovi, Fortune Organizations: Walmart, Service, Business
Hannah Maruyama says she wouldn't be nearly as happy — or successful — at work as she is now if she followed any of the career advice she was given in her teens and 20s. Teachers told her she "wouldn't get far" without going to college and getting a bachelor's degree. For a while, she thought her career options without a college degree would be limited to low-wage jobs or becoming an entrepreneur. Now on the cusp of turning 30, Maruyama is making $100,000 working in AI without a bachelor's degree. The 29-year-old says she landed her "dream job" as the head of operations at Neo License, a startup that builds AI software, in 2021 by ignoring one common piece of career advice: don't apply for a job if you meet almost none of the requirements.
Persons: Hannah Maruyama, wouldn't, Maruyama, Ryan Organizations: Teachers, Georgia Southern University, Neo Locations: Savannah, Houston
CNN —Columbia University says it’s placed three administrators on leave pending a university investigation of a weeks-old incident at an alumni reunion event. The university, which reiterated its commitment to combatting antisemitism, did not share any specifics for the leave. Columbia College Dean Josef Sorett said in a statement to the Spectator that he “deeply regret(s)” his role in the texts. “The Dean of Columbia College informed his team yesterday that three administrators have been placed on leave pending a university investigation of the incident that occurred at the College alumni reunion several weeks ago,” a Columbia spokesperson said in a statement to CNN. Josef Sorett, the dean of Columbia College, said in a statement provided to CNN he was cooperating with the investigation.
Persons: it’s, Columbia College Dean Josef Sorett, , , , Minouche Shafik, Shafik, Representative Virginia Foxx, ” “, ” Foxx, Josef Sorett, ” Sorett, CNN’s Matt Egan, Artemis Moshtaghian Organizations: CNN — Columbia University, Washington Free Beacon, Columbia Spectator, Columbia College, Spectator, CNN, College alumni, Columbia, “ Columbia College, Hamilton, Representative, Education, Workforce, University, Columbia College Board, Visitors, New York Times Locations: Columbia, Israel
Male Kindergarten Teachers Are Here to Help. Many studies show that older boys benefit from having male teachers. There hasn’t been as much research on the youngest students and their teachers — in large part because there are so few male teachers in early education to begin with. Social-emotional learning has given them vocabulary to express their feelings, said Greg Smedley-Warren, 45, a kindergarten teacher in Nashville. “It’s like unlocking a new market of potential educators.”The male kindergarten teachers said that from their perspective, the fulfillment of the job generally outweighed the negatives.
Persons: Greg Smedley, Warren, ” Brycial Williams, Ark, , ” Dwayne Taylor, hasn’t, Thomas S, behaviorally, , Kevin Clifford, Richard V, Reeves, Clifford, Dwayne Taylor, Pedro Romanelli, Dallas Dwayne Taylor, aren’t, “ They’re, they’re, ” Keith Heyward Jr, ” Mr, Heyward, ” “, ’ ” Keith Heyward Jr, Mr, Nashville Dwayne Taylor, Howard Braden, Howard, Braden, Taylor, Daniel Saenz, Jeffrey Towle, Towle, ’ ”, ” Jeffrey Towle, “ It’s, Riley Lyons, David Feldman, Colin Sharkey, Lyons, Atlanta David Feldman, Saenz Organizations: Stanford, Dallas Research, Black, Army, Association of American Educators, Atlanta Locations: Nashville, Wynne, Frontenac, Kan, Yonkers, , United, Dallas, Charleston, S.C, Warren, Ocala, Fla, Midlothian , Texas, Long Beach, Calif, Atlanta, St . Petersburg, St, Petersburg
With basic income, families had more housing and food securityUpTogether reported that basic income positively impacted participants' financial stability, well-being, and food and housing security. The percentage of participants with housing stability rose from 45% to 60%, while the participants reported an 8% decline in homelessness. More basic income programs are aimed at parentsMarin County's pilot isn't the only basic program to focus on low-income mothers. A basic income program in New Mexico also gave $500 a month to mixed-citizenship status immigrant families with children. Compared to federal safety nets like SNAP, Medicaid, or rental vouchers, basic income allows families more flexible spending.
Persons: , Claudia Muralles, San Francisco Bay — Muralles, Muralles, UpTogether, Community Action Marin, Marin County's, Flint, Jesús Gerena, Marin, Gerena Organizations: Service, Marin County , California —, Business, UpTogether, Marin Community Foundation, Marin Housing, Community Action, Children, Child Tax, Local, Medicaid Locations: Marin County , California, San Francisco Bay, Marin, Marin County, America, Flint , Michigan, New Mexico, GBI
Read previewStudent protests are one of the reasons Emerson College in Boston is facing a decline in enrollment this fall, an internal message to staff stated, per CBS News. In late April, Emerson students set up a pro-Palestine encampment in a public alley next to Boylston Street, following the student protests that started at Columbia University earlier in the month. AdvertisementThe college enrolled a total of 4,149 undergraduate students in fall 2022, 4,117 in fall 2021, and 3,708 in fall 2020, Boston Herald reported. However, declining college enrollment rates could also be due to the changing sentiments of the younger generation. AdvertisementAdditionally, the availability of high-paying jobs that don't require a college degree has also prompted Gen Zs to rethink college.
Persons: , Jay Bernhardt, Emerson, Bernhardt, YouGov, Zs, Gen Zs Organizations: Service, Emerson College, CBS, Business, Palestine, Columbia University, Protesters, NBC, Boston Herald Locations: Boston, Gaza, Israel, NBC Boston
He is winning among Black women in the KFF survey by 58 percentage points, but that represents a significant drop from his 86 percentage point margin among Black women in the approach to the 2020 election, according to an average of New York Times/Siena College polls from that election. Mr. Biden’s lead with Hispanic women has also shrunk substantially, to about 12 points. The survey found Mr. Biden’s lead among women overall to be four points. They approve of how Mr. Biden is handling abortion and would like to see him re-elected. In Michigan, nearly 60 percent of Black women say inflation is the most important issue to their vote.
Persons: Biden, Biden’s, Donald J, Trump, , , can’t, Roe, Wade, Ashley Kirzinger, “ It’s, Ms, Kirzinger, Kellyanne Conway, Trump’s, ” “ Joe Biden, Joe Biden, ” Ms, Conway, Ronald Reagan, George H.W, Bush, John Kerry Organizations: Democrat, The New York Times, Republicans, Democratic, Black, New York Times, Republican, Mr, Locations: Arizona, Michigan, KFF, Siena
Her boss, a woman who had been advocating for her to be given a leadership role, left the team while Ms. Zhao was on a five-month maternity leave. After college, Ms. Zhao set aside her dream of becoming a civil servant to pursue a higher-paying job. (Nearly a third of Chinese women have college degrees now, up from fewer than 1 percent in 1990.) Six months after Ning was born, Ms. Tang returned to her office, leaving the baby in the care of a grandmother. Her husband and in-laws oppose the move, but Ms. Tang doesn’t want to be held back.
Persons: doesn’t, Xi Jinping, , ” Joyce Zhao, Joyce Zhao, Ming, Zhao, Ms, , Ming’s, ” Ms, , ” Guo Chunlei, Guo Chunlei, Guo, Tianyi, ” Tang Pingjuan, Tang Pingjuan, Tang, Ning, Tang doesn’t Locations: Beijing, China, Hangzhou, Guangzhou, Shenzhen
D'Aungilique Jackson, of Fresno, California, holds a "Cancel Student Debt" sign outside the U.S. Supreme Court in Washington, D.C., after the nation's high court struck down President Joe Biden's student debt relief program on Friday, June 30, 2023. Kent Nishimura | Los Angeles Times | Getty Images'A common-sense fairness question'"There is a common-sense fairness question when it comes to erasing student debt," Griffin wrote in an email to CNBC. "Our priorities should be preventing and alleviating student debt, rather than insisting on a narrative of personal responsibility." So student loan forgiveness may affect more Democrats than Republicans directly." Some who oppose student loan forgiveness view education as a private commodity that benefits the person who purchases it."
Persons: D'Aungilique Jackson, Joe Biden's, Kent Nishimura, Griffin, Kate Padgett Walsh, they've, Padgett Walsh, Devin Singh, Singh, there's, Charlie Eaton, haven't, Eaton Organizations: U.S, Supreme, Washington , D.C, Los Angeles Times, Getty, CNBC, Biden, Valuable Education, Iowa State University, Dartmouth College, Democratic, University of California Locations: Fresno , California, Washington ,, Arkansas, Merced
New college graduates are having a harder time finding work, and as a result, some of them could see their careers and earnings take a hit for years. Meaning that recent college graduates have been more likely to be unemployed than the broader population. This new normal has worked out OK for some Americans, but it's been particularly tough on new college graduates. While the tough job market could temporarily hurt some young graduates' earnings, there's reason to be optimistic that their finances could eventually recover. But if the job market continues to prove frustrating, some of them may begin to wonder.
Persons: Lohanny Santos couldn't, Zer, Santos isn't, overqualified, millennials, Gen Zers aren't, Julia Pollak, ZipRecruiter, it's, — aren't, they'd, , grads —, Goldman Sachs, Elise Peng, Louis, who's Organizations: Service, Business, New York Fed, NY Fed, Meta, Rice University's, Bloomberg, LinkedIn, National Association of Colleges, Glass Institute, Strada Education Foundation, Federal, Louis Fed
Lexis Czumak-Abreu is a full-time electrician who highlights her work on social media. She's picked up 2.2 million social media followers since 2022 and makes $200,000 a year from the platforms. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Instead of taking up another job in healthcare or a science-related field, Czumak-Abreu became a full-time electrician, she told Business Insider last month. Since 2022, she has amassed 2.2 million followers on TikTok, Instagram, and Facebook, who watch her lug heavy gear and fix masses of wires — all part of the day-to-day of her electrician job.
Persons: Abreu, She's, Gen, , Lexis Organizations: Lexis, Service, Facebook
The Biden-Harris Administration has forgiven your federal student loan(s) listed below with Aidvantage in full." My wife's an assistant principal, and I'm a retired assistant principal, but now I don't worry about crushing debt," Perry said. Related storiesPerry was planning on going into substitute teaching to continue supplementing his income during retirement while he made his student-loan payments. Have your student loans been forgiven? Do you have a different experience with student debt?
Persons: , Steven Perry, Perry, he's, Harris, I'm, let's, Kris Neilson, that's, Zers, we've Organizations: Service, Business, Public, Harris Administration, Education Department, BI, Gallup, Lumina Foundation Locations: PSLF, forbearance
And it's Biden's support among white voters without a college degree — a huge voting bloc in these areas — that's currently keeping him afloat in Wisconsin. And it's the backing of many white working-class voters that has been critical for the president. Related storiesIn the Quinnipiac poll, Wisconsin voters gave Biden positive marks on issues like abortion rights and the preservation of democracy. AdvertisementAmong white voters in Wisconsin, Biden actually led Trump by four points (50% to 46%) in the Quinnipiac poll. Advertisement"In order to win, Democrats have to overperform — by a lot — with white working-class voters in the state, because most voters in Wisconsin are white working-class voters," Wisconsin Democratic Party Chairman Ben Wikler recently told The Washington Post.
Persons: , Joe Biden's, Donald Trump, Biden, Trump, he's, Ben Wikler Organizations: Service, Business, Trump, Quinnipiac University, Wisconsin, Quinnipiac, Biden, GOP, White, Democratic, Wisconsin Democratic, Washington Post Locations: Wisconsin, Milwaukee, Madison, Arizona , Georgia, Nevada, North Carolina, Michigan, Pennsylvania, Quinnipiac, Arizona, Omaha
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