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☆ Don't make any major life decisions based on the assumption your company will let you work from home forever
▼ + stars: | 2023-09-28 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

No matter what your company says, there's no guarantee remote work will last forever. But there are ways for workers to evaluate the safety of remote work arrangements at their company. AdvertisementAdvertisementMichael Samuel learned last year that you can't count on your company allowing remote work forever. But not all remote positions are the same, so some are more likely to stay fully remote. "And thus, we can expect remote work driven moves to increase as more firms enter three and remote work options grow and solidify."

Persons: there's, —, Michael Samuel, Samuel, Michael Samuel Michael Samuel, He's, Felicia, Adam Ozimek, they'll, Ozimek Organizations: Service, Economic Innovation Locations: New York, Oregon, Arizona

☆ The best time to quit and land a higher-paying job could be right after you get promoted
▼ + stars: | 2023-09-27 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

In fact, an ADP analysis found that US workers were more likely to leave after getting promoted. AdvertisementAdvertisementIf they hadn't been promoted, the researchers estimated that only 18% of these workers would have left. It wasn't until six months after a promotion that the promoted and non-promoted had roughly the same odds of leaving their companies. While the 29% figure might not be quite so high today, the question remains: Why were recently promoted workers more likely to leave? It's possible some workers were already planning to switch jobs, and getting promoted didn't change their minds.

Persons: —, Nela Richardson, Richardson Organizations: Service, ADP Research

☆ Travis Kelce is one of the world's best football players — but his annual salary is less than the ticket sales for a single Taylor Swift concert
▼ + stars: | 2023-09-25 | by ( Cork Gaines | Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

Rumors have been circulating that Taylor Swift is dating Kansas City Chiefs star Travis Kelce. Swift attended a Chiefs game on Sunday and left the stadium with Kelce. A single "Eras Tour" concert brings in more in ticket sales than Kelce will earn the entire season. AdvertisementAdvertisementIn comparison, Swift brought in $13 million in ticket sales each night during the US leg of her concert tour. Taylor Swift at a Kansas City Chiefs football game.

Persons: Taylor Swift, Travis Kelce, Swift, Kelce, —, Spotrac, Forbes, Jason Kelce, you've, Andrew Petcash, Jason Hanna, We'll, Taylor Organizations: Kansas City Chiefs, Chiefs, Kelce, Service, NFL, of Famer, Philadelphia Eagles, Nike, Kansas City Chiefs football

☆ A millennial who quit teaching to be a full-time Uber and Lyft driver has made $36,000 so far this year — but thinks it's better as a part-time gig
▼ + stars: | 2023-09-25 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Aaron Lavender, 36, gave up teaching last year to work as a full-time Uber and Lyft driver. But he said ride-hailing is more profitable and sustainable as a part-time gig. He'd been driving part time for Uber and Lyft since 2021, but last summer, he decided to go full time — driving at least 40 hours a week. AdvertisementAdvertisementBut whether these gigs can be sustainable full-time jobs — or whether they're better kept as side hustles — is up for debate. A 2022 survey of 810 California Uber and Lyft drivers conducted by a ride-hailing advocacy group found that two-thirds of them had been deactivated at least once.

Persons: Aaron Lavender, Uber, Lavender, he's, Aaron Lavender Aaron Lavender, stokes, it's Organizations: Service, Uber, California Uber, didn't, Tesla Locations: Wall, Silicon, Colorado, California

☆ You may hate high interest rates and home prices, but many boomers have reason to celebrate
▼ + stars: | 2023-09-23 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +6 min

High home prices and interest rates have created many challenges for young Americans. These trends have been driven by the combination of high home prices and interest rates. By pushing up the number of renters, high home prices help keep young Americans' rent prices high. For young Americans, there's not a whole lot to like about high interest rates. Elevated rates not only contribute to the high mortgage rates that have helped make homeownership so expensive but also make credit-card debt all the more costly.

Persons: —, boomers, Xers, there's Organizations: Service, National Association of Realtors, Atlanta Fed, Federal, Federal Reserve, New, Boomers, US, Treasury Locations: Wall, Silicon, New York

☆ If you have one of these 10 jobs, AI has some of the skills to replace you
▼ + stars: | 2023-09-22 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

Here are 10 popular jobs with skills most replicable by AI, according to ChatGPT itself. The jobs site Indeed analyzed GPT-4's ability to perform skills required for these common jobs. About 20% of jobs were highly exposed — meaning the AI could perform at least 80% of the skills. The main takeaway: Some theoretical AI skills don't translate well when it comes to actually doing a job. AdvertisementAdvertisementAmong the 25 most common jobs, here are the 10 roles that were most exposed to generative AI, per Indeed.

Persons: Cory Stahle, Stahle, Sam Altman, GPT, ChatGPT, it's Organizations: Service Locations: ChatGPT, Wall, Silicon

☆ An Iowa nonprofit suffered nearly $1 million in flood damages. The woman who runs it shares the long road to recovery.
▼ + stars: | 2023-09-21 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Worst of all for her, the ruinous flooding meant Operation Threshold, which helps thousands of low-income individuals and families across three Iowa counties become self-sufficient, couldn't operate. Operation Threshold"So many of the families that flooded were people that we normally serve," Grant, executive director of Operation Threshold, said. The Operation Threshold office building was inundated. In the aftermath of the flooding, Grant said the plethora of paper documents in the office wouldn't dry enough to shred. The organization also received a loan from a local credit union and pocketed roughly $12,000 by selling its secondary office building.

Persons: Barb Grant, Grant, she'd, —, Kim Reynolds, it's, Miriam Alarcón Avila Organizations: Pew Charitable, Federal Emergency Management Agency, FEMA Locations: Iowa, Waterloo , Iowa, Vermont, Waterloo, Mississippi, Waterloo —

Decade to decade, costly extreme weather events are increasing in both frequency and intensity as greenhouse gases build up in our atmosphere. The true cost of extreme heatLois Nigrin grew up on a farm and loved getting outdoors. Her ordeal points to the rising cost of extreme heat, the leading weather-related killer in the US. The true cost of floodingBarb Grant has built her life's work around helping others. The true cost of inactionThere is more to this story than a set of ruinous tragedies.

Persons: Lois Nigrin, —, Yoon, Nigrin, Read, Dale Murden, who's, He's, he's, Murden, Jason Garza, Barb Grant, Grant, Miriam Alarcón Avila, She's Organizations: Center for American, Atlantic Council, The Texas Tribune, Administration, Texas, Citrus Committee, M, Pew Charitable Locations: heatstroke, Texas, Arizona, Nebraska, Harlingen , Texas, Mexico, Southeast Texas, Iowa

☆ US homebuyers are waiting for the Fed to start cutting interest rates. Here's when 9 experts say it's going to happen.
▼ + stars: | 2023-09-18 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Mortgage rates could decline if the Federal Reserve cuts interest rates next year. Here are nine projections from experts on when the Fed's first rate cut will come. While these factors serve as deterrents for prospective buyers, interest rates may not stay this high forever. AdvertisementAdvertisementWhile declining interest rates wouldn't directly cause mortgage rates to fall, the two tend to move in the same direction. AdvertisementAdvertisementFebruaryOn August 31, Preston Caldwell, a Morningstar senior US economist, wrote in a note that he expected the Fed to start cutting interest rates in February.

Persons: Bob Michele, J.P, —, we'll, Preston Caldwell, David Einhorn, Diane Swonk, Andrew Hollenhorst, Goldman Sachs, David Mericle, Simona Mocuta, Jeff Morton Organizations: Federal Reserve, Service, Federal, Bloomberg Television, Morgan Asset, Morningstar, KPMG, Citi, Reuters, State Street Global Advisors, DWS Locations: Wall, Silicon, North America's

☆ Americans are over generative AI like ChatGPT, but their bosses are just getting started
▼ + stars: | 2023-09-14 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

But US businesses are still actively experimenting with generative AI in the workplace. August marked the third consecutive monthly decline in ChatGPT's global web traffic, and the average time spent on the platform has fallen. Meanwhile, 24% said they were reading and talking about them, and 15% said their organizations had already incorporated generative AI into their business strategies. AdvertisementAdvertisementForty-five percent of the executives surveyed said they hoped to use generative AI to increase productivity . Improving AI technologies could make this sort of monitoring even easier and more prevalent .

Persons: ChatGPT, There's, haven't, Sam Altman, Jobs Organizations: Service, UBS, Deloitte, North American, McKinsey, Atlantic, Companies Locations: Wall, Silicon, Swiss

☆ Americans hate the economy because pay hasn't kept up with inflation — and it could stay that way until next year
▼ + stars: | 2023-09-13 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

One popular explanation, inflation, has fallen in recent months. But if inflation is the winning explanation, why do Americans still hate the economy? In May, year-over-year wage growth outpaced inflation for the first time in two years, and it continues to do so. Inflation, however, or specifically the gap between inflation and wage growth, is far from the only explanation that has been proposed for Americans' apparent pessimism about the economy. "If a recession were to begin at some point next year, joblessness would likely rise, weighing on inflation but wage growth as well."

Persons: they've, they're, Sarah Foster, Joe Biden's, Foster, joblessness Organizations: Service, University of Michigan's, of Labor Statistics, Journal Locations: Wall, Silicon, Quinnipiac

☆ Nobody wants to leave Texas. It's fueling an economic boom.
▼ + stars: | 2023-09-13 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

The state's population growth has helped its economy thrive. Plenty of Americans have moved to Texas in recent years, but the state's population growth has also been driven by another factor — native-born residents aren't leaving. It's helping fuel an economic boom at a time when many businesses are struggling to attract workers . Texas has no state income tax , and major cities like Dallas and Austin provide residents plenty of places to pursue job opportunities. But the state's population trends should position it well in the long term.

Persons: Texans aren't, Jobs, John Burns Organizations: Texans, Service, Dallas Fed, Lone Star State, John Burns Research, Consulting, Federal Reserve Locations: Wall, Silicon, Texas, California, Plenty, North Carolina, Canada, Dallas, Austin, Houston, San Antonio, Fort Worth

☆ The typical NYC family is spending more than 25% of its income on childcare — triple what's deemed affordable
▼ + stars: | 2023-09-12 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

New York City families are spending over a quarter of their income on childcare. The typical New York City family is spending over 25% of its income to pay for the childcare of just one kid, according to data from the Department of Labor . For its New York City childcare expenses to meet the federal standard for affordability, a family would need to earn roughly $300,000 per year. AdvertisementAdvertisementCindy Lehnhoff, director of the National Child Care Association, previously told Insider that more funding — not changing ratios — is what's necessary to resolve the national crisis. Are you struggling to afford childcare or finding creative solutions?

Persons: Robin Hood, Taryn Morrissey, Cindy Lehnhoff, Lehnhoff Organizations: Service, Department of Labor, New, Robin Hood Foundation, American, Century Foundation, American University, National Child Care Association Locations: York City, Wall, Silicon, New York City, New, Kansas

☆ This stay-at-home mom took a cybersecurity boot camp and landed an over $75,000 a year job at a NASA contractor
▼ + stars: | 2023-09-10 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Tammy Hinkle, 51, was a stay-at-home mom for eight years before returning to work. In 2020, she enrolled in a 10-month cybersecurity training program without any tech experience. About three years later, she'd landed a cybersecurity role with a subcontractor at NASA's Jet Propulsion Lab . In February 2022, she started her first cybersecurity job as an enterprise help-desk technician with the IT company OBXtek. In February, Hinkle started her subcontractor role as an IT-security engineer at JPL — she said she focused on identity credentials and access management.

Persons: Tammy Hinkle, Hinkle, she'd, we're, She'd, —, it'd, It's Organizations: NASA, Service, California State University, Jet Propulsion, Cal State, JPL —, University of California Locations: Wall, Silicon, Pasadena , California, Long Beach, Los Angeles, OBXtek

☆ 4 Uber and Lyft drivers calculated how much they made after expenses. It ranged from $22 to $40 an hour, and an EV, tips, and tax incentives can make a big difference.
▼ + stars: | 2023-09-09 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

That's not the case for many gig workers, such as Uber and Lyft drivers. But the companies' figures don't account for drivers' vehicle expenses, which take a cut out of their profits. Last year, he earned roughly $12,000 in combined income driving for Uber and Lyft before vehicle expenses, according to both apps' dashboards. Including his Lyft income, he calculated that he earned roughly $27 an hour in 2022 before vehicle expenses. Last year, he earned about $34,000 driving for Uber and Lyft before vehicle expenses, according to his app information.

Persons: That's, Sergio Avedian, Uber, Guy, Lyft, EVs —, Nathaniel Hudson, Hartman, he'd, Bolt, Jeff Hoenig, Gabe Ets, he's, Hokin Organizations: EV, Service, Hudson, Ets Locations: Wall, Silicon, Los Angeles, The Portland , Oregon, Hudson, Myrtle Beach , South Carolina, Oakland , California, San Diego

☆ Bosses are tracking how long you're working — and using it to judge your performance. It's a terrible way to get the best out of workers.
▼ + stars: | 2023-09-07 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +6 min

Many companies with remote or hybrid workforces use tracking software to monitor their workers. An MIT lecturer said tracking hours wasn't a good productivity measure. As office attendance and productivity tracking become increasingly common, more companies are using it to evaluate, discipline, and even fire employees. About three-quarters of respondents in the ResumeBuilder.com survey said they had fired employees based on findings from their tracking software. But if US companies are truly concerned about maximizing their employees' productivity, some of them may be doing it all wrong.

Persons: —, they're, Slack, Aaron Terrazas, Terrazas, Robert C, Pozen, Paul Rubenstein, Rubenstein, Stacie Haller Organizations: MIT, Service, Tech, Meta, Employees, MIT Sloan School of Management Locations: Wall, Silicon

☆ A millennial who bought his first rental home at 23 explains the one costly mistake first-time homebuyers should avoid
▼ + stars: | 2023-09-04 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Ryan Chaw, 31, bought his first home in 2016 at the age of 23. He kept living with his parents so he could rent the home and earn thousands of dollars per month. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Last November, the typical first-time homebuyer was 36 years old, an all-time high, according to the National Association of Realtors. AdvertisementAdvertisementThe rookie mistake that new homebuyers should avoidWhile Chaw largely views his first homebuying experience as a success story, he said he made one costly mistake.

Persons: Ryan Chaw, he'd, Chaw, homebuyer, He's Organizations: Service, National Association of Realtors, Federal Reserve, Stockton, He's Locations: Wall, Silicon, California, Stockton , California, Sacramento

☆ Women are working at record levels. Remote work, stay-at-home dads, and the gender pay gap will keep it that way.
▼ + stars: | 2023-08-31 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

Remote work, stay-at-home dads, and the gender pay gap could nudge more women into the workforce. AdvertisementAdvertisement"Beyond a near-term dip, women's share of the labor force will probably inch higher over the long term," he said. First, remote work is likely to continue boosting women's employment. Second, more men are becoming stay-at-home dads, which means fewer stay-at-home moms — and more women in the workforce. AdvertisementAdvertisementThird, the persistence of the gender pay gap could force women to work later in life — boosting the number of older women workers in particular.

Persons: that's, Aaron Terrazas, Terrazas, — Organizations: Service, Bureau of Labor Statistics, of Labor Statistics, Pew Research Locations: Wall, Silicon

☆ If you work remotely, your bosses are probably using software to track you. Here's how they'll catch you slacking off.
▼ + stars: | 2023-08-31 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

About three-quarters of respondents said they had fired employees based on findings from their tracking software. In the Resume Builder survey, only 5% of the business leaders who reported using tracking software said their employees were not aware they were being monitored. While Borja said Time Doctor encourages its customers to disclose the use of tracking software to their employees, it can't guarantee that they do so. Refusing to turn on your webcam during a meeting, for instance, could give your employer the right to fire you if you live in the US, legal experts previously told Insider. Some workers at employee-tracking software companies have expressed privacy concerns.

Persons: Michael Patrón, he'd, they'd, Patrón, Liam Martin, Carlo Borja, Borja, hasn't, they've, — you've, Big Organizations: Service, Tesla's, Bloomberg, New York Times, Workers Locations: Wall, Silicon, Australia, York

☆ TSMC's Arizona plant is delayed over poor management, not a shortage of US skilled labor, workers building it say
▼ + stars: | 2023-08-23 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +11 min

TSMC, however, has maintained that the incoming Taiwanese workers will not be a threat to US jobs. The pipe cutter said that TSMC and its key contractors were largely to blame for the management problems. After complaining about one safety issue for two straight weeks, he said, he spoke with a company safety representative. And then you go to degown, and they don't have your hanger or somebody took your hanger," the pipe cutter said. He added: "It's not like we're against the Taiwanese workers or anything.

Persons: TSMC, they're, it's, didn't, he's, —, they'd, they've, Everyone's, we're, It's, Luke Kasper, Arizona Organizations: Service, Taiwan Semiconductor Manufacturing, Arizona Pipe, Intel, New York Times, Times, American Prospect, TSMC Locations: Arizona, Wall, Silicon, chipmaker, TSMC, Taiwan, United States, degown

☆ Job seekers are scrambling to add new AI skills to their LinkedIn profiles as postings mentioning ChatGPT surge
▼ + stars: | 2023-08-17 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

The number of job postings mentioning ChatGPT has surged in recent months. LinkedIn job seekers are adding AI skills to their profiles at a rapid rate. Some AI skills are highly technical, but people skills still have a lot of value. On Indeed, the number of generative-AI job postings rose by about 50% from July 2022 to July 2023, company data provided to Insider said. Second, while companies may be seeking more people with AI skills, one thing hasn't changed.

Persons: ChatGPT, Karin Kimbrough, LinkedIn's, Kimbrough, they've, There's Organizations: Service, LinkedIn, Netflix Locations: Wall, Silicon

☆ A Gen Zer and millennial whose monthly car payments exceed their housing costs say it's 'stressful' but that they need a car
▼ + stars: | 2023-08-16 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

A record-high share of Americans is taking on monthly car payments of $1,000 or more. Car payments exceed housing as the biggest expense for some Gen Zers and millennials. Last year, the median monthly rent payment in the US was roughly $1,000, according to the Federal Reserve. Sherbina said managing his high monthly car bill — in addition to his other living expenses — could be stressful. "Having this high of a car payment is both stressful and has some psychological impacts," he said.

Persons: Zers, Nikita Sherbina, Sherbina, Ivan Drury, Edmunds, Cyrus Partow, Partow, It's Organizations: Service, Federal Reserve, BMW Locations: Wall, Silicon, Edmunds, Texas, Wyoming, Seattle, Los Angeles

☆ The world's largest chipmaker promised to create thousands of US jobs. There are growing tensions over whether US workers have the skills or work ethic to do them.
▼ + stars: | 2023-08-16 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Differences in US and Taiwanese work culture could pose another challenge. Some TSMC workers are doubtful that Americans can adjust to the challenging work environment. It's not just a disagreement over expertise that poses risks to TSMC's Arizona chip plant. This is the work culture." It added: "We have not replaced any of our local workers with foreign workers and continue to prioritize the hiring of local workers in Arizona."

Persons: TSMC, chipmaker, It's, Morris Chang, Wayne Chiu, Fortune, they're, Mark Liu, TSMC's, Liu, chipmaker Chang, Adam Ozimek Organizations: Service, Taiwan Semiconductor Manufacturing Co, New York Times, Times, YouTube, Taiwan, Taiwan —, Brookings Institute, Arizona Pipe, Economic Innovation Group Locations: Arizona, Wall, Silicon, Taiwan, Taipei, Taiwanese, Asia, Oregon, America, Phoenix

☆ A feud is heating up between Arizona workers and the world's leading chipmaker after the company claimed the US doesn't have the skills to build its new factory
▼ + stars: | 2023-08-13 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

The company says it needs to bring Taiwanese workers to Arizona to get construction back on track. But construction of TSMC's first Arizona factory, which began in the Phoenix area in 2021, has run into some hiccups. "Replacing Arizona's construction workers with foreign construction workers directly contradicts the very purpose for which the CHIPS Act was enacted – to create jobs for American workers," the petition says. The degree to which American workers can get the job done without additional assistance is up for debate. "It's easily the most unsafe site I've ever walked on," said Luke Kasper, a representative of the sheet metal workers union.

Persons: TSMC, that's, Biden, Mark Liu, Liu, It's, Luke Kasper, TMSC, Morris Chang, Chang, Kevin Xu Organizations: Service, Taiwan Semiconductor Manufacturing Company, Arizona Pipe, Google, Facebook, YouTube Locations: Arizona, An Arizona, Wall, Silicon, China, TSMC's, Phoenix, Taiwan, TSMC, Asia

☆ The remote work revolution is crashing into a cold reality: Research is finding workers are less productive at home
▼ + stars: | 2023-08-11 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Recent research found that fully remote workers were less productive than office workers. A recent analysis of multiple studies by the Stanford economist Nick Bloom, a leading remote-work expert, found that fully remote workers were 10% to 20% less productive than their in-office counterparts. But the research has found, on average, those working in the office at least some of the time are more productive . Even Zoom, which is synonymous with remote work, recently called some employees back to the office for at least two days a week. Bloom recently estimated 60% of Americans worked fully in person, 30% worked in person between one and four days per week, and 10% worked fully remotely.

Persons: Nick Bloom, Mark Zuckerberg, Marc Benioff, Jeff Moriarty, Moriarty, he's, Kate Ecke, Ecke, telehealth, it's, Raj Choudhury, Stanford's Bloom, Bloom Organizations: Service, National Bureau of Economic Research, Stanford, Bureau of Labor Statistics —, Meta, Harvard Business School Locations: Wall, Silicon, India, Chicago, New Jersey

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