Employment

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When an economic recovery boosts hiring, wages are supposed to go up. That’s why many economists are scratching their heads after the latest quarterly data Friday showed that overall compensation in the three months ending in June inched up at the slowest pace since 1982. “This report was a bit of a shock since it …

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Janet Yellen

The central bank printed $4.5 trillion and all we got was a lousy 0.2 percent wage increase. While that sounds like a T-shirt for policy geeks that one might buy at the shore, it actually pretty accurately describes the plight of the average American worker. After years of easing never seen before in global central …

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It’s common knowledge that those who graduate with a degree in the STEM majors (science, technology, engineering or mathematics) or in business can usually nab a high-paying job. Experienced equity analysts, engineers, actuaries and computer scientists can earn six-figure salaries, according to PayScale. Still, while STEM fields, especially engineering, offer some of the highest paying …

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We are living in what some call “The Gig Economy,” where people create a living through a patchwork of part-time jobs. Sometimes this is intentional, sometimes it’s not. The Bureau of Labor Statistics reports the number of part-time workers keeps growing, but over the last year, the growth has been among those taking part-time jobs “for …

The sharing economy creates jobs

An increasing number of Americans are supplementing their incomes by freelancing.

Source: CNBC

After six months of looking for a full-time job, 49-year-old Emily Cherin found plenty of part-time work through TaskRabbit, an odd-jobs job site. “Oh my God, it saved me,” said the energetic New Jersey native. “My world just sort of exploded.” Cherin is one of an increasing number of Americans who is freelancing. A 2010 …

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Remember when being an intern meant you ran around getting everyone coffee and handling their dry cleaning, without getting paid, all in the hopes of learning something? Intern have now become more like apprentices at many firms, and kids these days get compensated. Like, a lot. Glassdoor has the average wages for company internships, and …

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It’s time the “sharing” workforce came out of the shadows. From the tax code to the monthly jobs report to the whole premise of “retirement,” America’s concept of work is dangerously stuck in the 20th century. Trends that were already taking shape—work becoming untethered from the office, the mobile and cloud technological revolution, benefits being …

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American companies kicked off the summer with modest growth in hiring, sending nonfarm payrolls up 223,000 in June, according to Labor Department numbers released Thursday. In addition to the payroll growth, the unemployment rate ticked lower to 5.3 percent from 5.5 percent, due largely to a sharp decline in labor force participation, which fell from …

Boosting overtime pay

Kate Rogers tells us what small businesses are saying about the White House’s proposed new overtime rules.

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President Barack Obama.

President Obama will announce a sweeping change to the nation’s overtime pay law, dramatically expanding the number of people who will qualify for increased pay after working more than 40 hours in a week. The proposed rule, first reported by Politico, will raise the threshold for guaranteed overtime pay from a salary of $23,660 to …

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We’re living in the “freelance economy,” where people can work for anyone, anywhere, anytime. Most people still go to the office, but more Americans are opting to work from home or remotely (like at a table inside Starbucks). Recently my son had an emergency appendectomy–he’s fine—but the surgeon didn’t have an office, just a phone …

Ruling against Uber

A California ruling could force big changes at Uber, potentially altering the $40 billion company’s business model.

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Employers aren’t really sure what you’re doing at work, but they’re pretty sure you’re not working enough. Ask some companies why we’re so unproductive, and they’ll probably have a survey to identify the problem—and a product to fix it. For a company that makes sound management equipment, too much noise is to blame. If you …

Overtime boost coming?

Will millions of Americans become eligible for overtime pay?