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☆ AI could supercharge the Gen Z takeover
▼ + stars: | 2023-07-01 | by ( Alexandra York | Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Experts told Insider that Gen Z was well positioned to capitalize on the AI boom. That could supercharge Gen Z careers, as generative AI is expected to affect millions of jobs, and companies are already seeking talent to help navigate those changes. "From that perspective, Gen Z should be in a good position to capitalize on the AI boom." Gen Zers are using AI for research and brainstormingLais Silva, a Gen Z content manager at a social-media startup, said she'd essentially replaced Google with ChatGPT. Older generations could have a competitive edge over Gen Z because of experience — if they're open to learning AI toolsThe AI revolution isn't guaranteed to be a boon for Gen Z workers.

Persons: Z, —, AJ Eckstein, He's, He'll, Eckstein isn't, they'd, Gen Zers, ChatGPT, Carl Benedikt Frey, Eckstein, Lais Silva, she'd, Morgan Young, chatbots, She'll, Oxford's Frey, Columbia's Netzer, Gen Organizations: Service, Fortune, Columbia Business School, Pew, Oxford University, Google

☆ Millennials aren't as rich as they were a year ago. Here's why.
▼ + stars: | 2023-06-28 | by ( Jacob Zinkula | Noah Sheidlower | ) www.businessinsider.com time to read: +6 min

The average millennial's net worth grew from $64,000 to $111,000 between the first quarter of 2020 and 2022. But just two years later, as of the first quarter of 2022, the average millennials' net worth surged to $111,000. As of the fourth quarter of last year — the most recent measure – millennials' average net worth had fallen to roughly $106,000. And what are the key factors that could impact millennials' wealth trajectory in the years to come? According to Ricketts, millennials' net worth has "plateaued" — rather than notably declined — over the past year.

Persons: —, Millennials, Matt Schulz, Schulz, Lowell Ricketts, Louis Fed, Ricketts, millennials, Gen Organizations: Service, Federal Reserve, St, Fed Locations: millennials

☆ 5 ways AI could change your job, including making it more interesting and helping to convince your boss to let your work from home
▼ + stars: | 2023-06-27 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Insider asked several experts in AI, economics, and remote work about the multitude of ways Americans' working lives could be impacted by AI moving forward. AI could eliminate some jobs and boost competition for those that remainGenerative AI technologies like ChatGPT will likely create some jobs and replace others. But for companies with leadership that has this concern, AI productivity gains could help them forget about some of their remote work "productivity paranoia" — a factor that in theory, could help remote work persist at some businesses. "So I think the biggest AI impact will be a ton of fully remote jobs like data-entry, payroll etc going to AI." Added Frey: "Any technology that increases productivity, ChatGPT included, makes a shorter workweek more feasible."

Persons: —, there's, Goldman Sachs, Mark Muro, Carl Benedikt Frey, coders, Frey, Oded, Muro, Nick Bloom, Columbia's Netzer, Michael Chui Organizations: Service, Brookings Institution, Columbia Business School, Workers, Microsoft, New York Fed, Companies, Stanford, McKinsey Global Institute Locations: Oxford

☆ A Gen Xer who secretly works 3 full-time remote jobs and makes $344,000 paid off his mortgage and is saving to send his kids to college debt-free
▼ + stars: | 2023-06-22 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

A 48-year-old began working three full-time remote jobs last year. But before he was out the door, he said a colleague convinced him to stay and try to work both jobs at once. He's also among a smaller group of white-collar workers secretly holding multiple full-time remote jobs to, in many cases, double their salaries. "In the IT world, we never really work a full 40 hours a week," he said. "I am salary-based, so it doesn't really matter if I work 15 hours a week or 40 hours a week," he said.

Persons: he'd, —, Joseph, He's, they'll, It's, let's, he's, doesn't, he'll Organizations: Service, Disney Locations: Texas

☆ Meet the typical Great Resigner: A Gen Zer working in leisure and hospitality who's comfortable hopping jobs in search of better pay and job security
▼ + stars: | 2023-06-22 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +1 min

Americans are still joining the Great Resignation in high numbers. The typical job hopper is young and seeking higher pay and better job security. With job openings also well above pre-pandemic levels, the Great Resignation could persist in the months to come. In some ways, the participants in the Great Resignation — and the rewards of joining it — haven't changed much over the past few years, but in other ways, the landscape has changed considerably. From age to industry to pay bump, here's the profile of today's typical Great Resigner.

Persons: —, Bankrate, haven't Organizations: Service, of Labor Statistics

☆ Young men aren't working as much as they used to — and they have less financial freedom than previous generations
▼ + stars: | 2023-06-03 | by ( Jacob Zinkula | Jason Lalljee | ) www.businessinsider.com time to read: +5 min

25-year-olds were less likely to be working full-time in 2021 than previous generations. That's driven by men working less than they did four decades ago. 66% of 25-year-olds in 2021 were working full-time, down from 73% of 25-year-olds in 1980. Four decades ago, 85% of 25-year-old men were working full-time. 61% of 25-year-old women were working full-time in 2021 — in line with the 61% that did so in 1980.

Persons: —, there's, grads, Jason Schenker Organizations: Service, Privacy, Pew, Survey, Boston Fed, National Bureau of Economic Research, Prestige Economics

☆ Childcare is about to get even more expensive at the end of September unless Congress acts
▼ + stars: | 2023-06-03 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

Federal funding helped keep more than 200,000 childcare providers afloat in recent years. Unless Congress acts, many parents could face even higher childcare costs. During the pandemic, Congress provided over $52 billion to states to support the childcare system, which helped 220,000 childcare providers stay afloat, according to the Department of Health and Human Services. "The American Rescue Plan provided critical funding that made child care available to millions of children and allowed child care programs throughout our country to stay open. Providing states additional childcare funding could be an uphill battle.

Persons: —, Sen, Bernie Sanders, Cindy Lehnhoff, Sanders, they've, Louisiana Sen, Bill Cassidy Organizations: Service, Department of Health, Human Services, Department, Labor, National Association for, Education of Young, National, Association, Office Locations: America, Louisiana

☆ It's becoming clear that AI is going to whack the mediocre middle of office workers
▼ + stars: | 2023-06-02 | by ( Matt Turner | ) www.businessinsider.com time to read: +7 min

More specifically, AI could disproportionately impact the middle class of white-collar workers — the folks who are mid-career, mid-ability, mid-level, and yes, in some cases, mediocre. In other words, the lessons learned from months or years of experience are baked into an AI tool. Microsoft CEO Satya Nadella for example recently told Time that the same could be true for software developers. This doesn't mean the great software developers won't remain great software developers but the ability for more people to enter the field will increase. That's good news for many wannabe software developers, but it's also bad news for many existing software developers.

Persons: —, Erik Brynjolfsson, Lindsey R, Raymond, Danielle Li, Satya Nadella, it's, Aki Ito, Carl Benedikt Frey, Uber, Frey, Mark Muro, Jacob Zinkula, Richard Baldwin, Aaron Mok Organizations: Service, Fortune, Microsoft, Oxford Martin School, London, BT Group, Workers, Brookings Institution, Geneva Graduate Institute Locations: London, British, Switzerland

☆ Meet the average South American millennial, who has no student debt but is struggling against high inflation
▼ + stars: | 2023-06-01 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

The typical South American millennial doesn't have student debt, either because they didn't go to college or because it was tuition-free. In 2021, Colombia announced that tuition would be free for 97% of all students attending public colleges and technical schools. Tuition for private colleges in Brazil and Argentina typically ranges between $2,000 and $10,000 per academic year, according to some estimates. But lower college tuition doesn't mean everyone in these countries is happy with the education system. Less well-off students in Brazil have been left to take on student debt to afford to attend the less-prestigious private schools.

Persons: millennials, Louis Fed, they're Organizations: Getty, Organisation for Economic Co, US, OECD Locations: South America, Brazil, Argentina, Colombia, United States

☆ NASA released stunning new space images by combining the visual powers of the James Webb Space Telescope and Chandra X-ray Observatory
▼ + stars: | 2023-05-29 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +4 min

The images were enhanced using data from the James Webb Space Telescope and the Chandra X-ray Observatory. The images were made possible by data collected from the Chandra X-Ray Observatory, the James Webb Space Telescope, and the Hubble Space Telescope. "The Chandra data also reveal young, hot, and massive stars that send powerful winds outward from their surfaces," NASA said. The beautiful spiral galaxy NGC 1672 shows off its black holes and neutron starsNGC 1672 is a spiral galaxy about 60 million light-years from Earth. "Webb outlines gas and dust in the infrared while Chandra data spotlights high-energy activity from stars at X-ray wavelengths," NASA said.

☆ How to win a grand prize of $10,000 for hunting pythons in Florida
▼ + stars: | 2023-05-29 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +3 min

The top prize of $10,000 will go to the participant who removes the most Burmese pythons. The participant that removes the most pythons will win a grand prize of $10,000 prize. There's also a $7,500 prize for the Grand Prize Runner Up, sponsored by the Bergeron Everglades Foundation, per Space Coast Daily. Invasive Burmese pythons are damaging Florida's natural ecosystems. Per the challenge's website, the training teaches competitors how to identify Burmese pythons, in addition to "humane killing methods."

☆ Meet the average American millennial, who's a parent and homeowner with a net worth of $128,000 and hoping for student-debt relief
▼ + stars: | 2023-05-29 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +2 min

The average American millennial is better off financially than they were five years ago. But getting older has already come with some growing pains. This trifecta hit older millennials the hardest and continues to have lingering effects. Despite these obstacles, the average millennial is faring better financially than they have in the past. From saving to spending and financial behaviors in between, here's what life is like for the average American millennial.

☆ The AI boom could go one of 2 ways, and the path companies choose could make or break the US workforce
▼ + stars: | 2023-05-28 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +9 min

Businesses are expected to use AI to boost productivity and their profits. The adoption of AI could mean higher wages for workers — or that they lose their jobs altogether. In the years ahead, generative AI including ChatGPT could disrupt — not necessarily replace — 300 million full-time jobs across the globe, according to Goldman Sachs. Over the next decade, that AI productivity boost could increase S&P 500 profits by 30% or more, Ben Snider, a senior strategist at Goldman Sachs, told CNBC last week. "AI will make superstar companies more productive and profitable, but those profits might be achieved at the expense of other companies," he said.

☆ Americans hate tipping so much it was once banned in 7 states
▼ + stars: | 2023-05-22 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

By the 1700's, tipping in Europe had evolved from masters tipping servants to customers tipping service-industry workers. Seven states passed anti-tipping legislation in the early 1900sBy the early 1900s, early grumblings about tipping had escalated into full-fledged anti-tipping movements. But in 1919, the Iowa Supreme Court ruled that the state's anti-tipping law was unconstitutional, and other states followed by striking down or repealing their own similar legislation. Tipping persists in the US todayDespite originating in Europe, tipping has become deeply ingrained in American culture. Today, while many Americans aren't fans of tipping, and some restaurants have tried doing away with the practice, tipping is unlikely to be banned anywhere in the US anytime soon.

☆ Why are you suddenly being asked to tip more? It could be because workers are getting more expensive.
▼ + stars: | 2023-05-21 | by ( Jacob Zinkula | Andy Kiersz | ) www.businessinsider.com time to read: +5 min

More and more businesses are asking customers to tip. It's driven in part by the spread of digital payment technologies that include prompts to tip workers. Workers are getting more expensive, and tips help cover the costBusinesses relying on tips to help pay their workers is far from a new phenomenon — particularly in the restaurant industry. One potential reason service businesses are warming up to tipping is that they're under particular pressure to keep labor costs in check. In recent years, many service businesses have struggled to attract workers and been forced to raise pay considerably as a result.

☆ Gen Z is way behind on credit-card payments. It could get even worse when student-debt payments restart.
▼ + stars: | 2023-05-16 | by ( Jacob Zinkula | Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Gen Z is missing their credit-card payments at a rising rate. Their finances could get even worse when student-debt payments resume later this year. 36% of Gen Zers had student debt as of last June, with an average balance of $20,900. If young Americans are struggling to pay down their credit-card debt now, things could get even tougher when student-debt payments resume later this year after an over-three-year pause. "In fact, this is the only time since the New York Fed started tracking these figures in 2003 that credit-card balances did not fall from Q4 to Q1."

☆ 'Cash-stuffing' is a Gen Z trend taking TikTok by storm. Here's why the tech-obsessed generation is bringing this budgeting hack back.
▼ + stars: | 2023-05-16 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +2 min

Gen Z is bringing back an old-school budgeting hack that's been newly dubbed as cash-stuffing. It involves putting cash into envelopes so it can be reserved for specific expenses. This method has gained traction with younger consumers who are budgeting amid rising costs. Cash-stuffing is a viral TikTok trend that younger consumers have adopted to stay on top of their finances. Gen Z has overhauled this process to make it look more aesthetically pleasing with colorful dividers, envelopes, and pens to plan out their expenditures.

☆ A millennial shares how she negotiated a higher salary and $10,000 in extra relocation benefits when she landed a new job: 'If you don't speak up for what you want, you will get the bare minimum.'
▼ + stars: | 2023-05-15 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

More companies are offering relocation benefits as a part of return-to-office mandates. She said her company initially offered her a salary about $10,000 above what she had been making, in addition to $10,000 in relocation benefits. James is among the many Americans taking advantage of relocation benefits when they accept new jobs. James recommended that everyone ask for relocation benefits if they're moving to a new state for a job. She recommended mentioning relocation benefits when you receive a verbal job offer — but saving the real negotiating for when you receive the written offer.

☆ A 22-year-old making $144,000 from 2 full-time remote jobs explains why he's willing to take the risk — and shares 5 strategies for getting away with it
▼ + stars: | 2023-05-14 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

A 22-year-old began working two full-time remote jobs in 2021. In November of 2021, he started a second full-time remote software engineering role. While juggling two roles can be stressful at times — like when he has overlapping meetings or receives unexpected work — Jason said that in some ways, his working arrangement reduces his stress. The desk in his apartment where Jason usually works Jason5 strategies to work two remote jobs and get away with itJason said he uses five different strategies to juggle both jobs and not get caught. Why he's not worried about an overemployment crackdownSince taking on two full-time remote jobs, Jason said he has immersed himself in the "overemployed community" online — the r/Overemployed subreddit has 176,000 members.

☆ My new employer paid 7 relocation benefits when I switched jobs. My friends and family were shocked at what they covered, and I don't think I would've gotten them if I didn't ask.
▼ + stars: | 2023-05-11 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

Rebecca provided Insider with documents to verify the relocation benefits mentioned in the story. I didn't think to ask for relocation assistance to make my move easier and learned later that my employer did not offer it anyway. She sent me a document outlining all the relocation benefits and gave me a call to explain all the options for how I could move. I honestly did not expect the relocation assistance to be as good as it was, and my friends and family were shocked that it covered everything. The total amount that my new employer paid for my relocation assistance was $4,880.

☆ 5 Gen Zers and millennials who make more than $100,000 a year explain how they spend their salaries — and whether they feel like they've 'made it'
▼ + stars: | 2023-05-11 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +2 min

We asked five Gen Zers and millennials earning six figures whether they feel like they've "made it." Some said a six-figure salary could feel smaller after expenses like childcare and housing. Gen Zers, the oldest of whom are 26, are just entering the workforce, while many millennials, who are 27 to 42, are well into their careers. With the high costs of things like housing, college, healthcare, and childcare, what's enough for young Americans to feel like they've "made it"? We asked five Gen Zers and millennials who earned six figures last year what that money has done for them, what it hasn't done, and whether overall they feel like they've made it.

☆ Some Uber and DoorDash drivers say rich people are the worst tippers, but they can count on the middle class
▼ + stars: | 2023-05-07 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Many gig workers rely on tips to make ends meet, but some say tipping is getting worse. Three gig workers told Insider that people who appear to be wealthy are the worst tippers. Several delivery drivers replied to the story, and while a few related to Jay's experience, most of the workers Insider heard from said that the opposite was true in their experience: Rich people are the worst tippers. Drivers for companies like Uber and DoorDash say they're reliant on tips to make ends meet, but many of them have told Insider that tipping has gotten worse in recent years. When reached for comment, an Uber spokesperson told Insider that tipping has risen considerably for both Uber and Uber Eats over the last few years.

☆ I'm a part-time Uber Eats driver with a 5-star rating who starts my days at 4 a.m. I've figured out how to get good tips but wear protective gear and a body cam because I fear for my safety.
▼ + stars: | 2023-05-06 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

In 2022, he made about 1,778 deliveries and earned $19,804 in take-home pay from Uber Eats, according to a document viewed by Insider. My typical weekday starts at 4 a.m., when I turn on the Uber Eats and DoorDash apps. During the week of March 13, I earned an average of $6.41 in tips across 35 Uber Eats trips. During the week of February 13, I earned an average of $7.66 in tips across 45 trips on Uber Eats. In my experience, DoorDash customers tip far less than Uber Eats customers, if at all.

☆ 6 fun ways for ChatGPT beginners to start learning the AI-technology skills companies are looking for
▼ + stars: | 2023-05-04 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +2 min

Companies are already seeking out workers with ChatGPT experience. Here's a list of six prompts ChatGPT beginners can use to familiarize themselves with the AI tech. In the working world, ChatGPT has helped users apply for jobs and be more productive once they land them. While some companies have resisted AI like ChatGPT, many, including Snapchat, Slack, and Duolingo, have incorporated ChatGPT-powered tools into their businesses. Once you're ready to play around with it, here are six fun prompts ChatGPT beginners can use to familiarize themselves with the technology.

☆ A millennial business owner who says TikTok helped him generate $100,000 in sales last year explains why he's taking steps to pivot to YouTube as a backup — but avoiding Instagram and Facebook
▼ + stars: | 2023-05-04 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +8 min

He says a US ban of TikTok could crush his business, but he doesn't want to pivot to Instagram. The majority of his customers find him through TikTok, Spangler said, where he has over 237,000 followers across two accounts. "The immediate impact of a TikTok ban would be a loss of my primary income source." In April, Montana legislators voted in favor of a bill that would ban TikTok within state lines. But ideally, Spangler said, TikTok will avoid a ban and he won't have to rely too much on a pivot to YouTube.

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