Settling for Less: the Tradeoffs of Job Hopping
More workers have accepted a smaller paycheck when changing jobs — and the trend predates the pandemic.
More workers have accepted a smaller paycheck when changing jobs — and the trend predates the pandemic.
An increasing share of restaurant worker income comes from tips (Square Payroll Index, 2024): The restaurant industry is about 10% of the total U.S. workforce, and the majority of its 12.4M workers rely on tips for significant income. These tips are becoming a larger share of restaurant worker income, but they are also more volatile due to changing consumer behavior and economic downturns.
October’s exceptionally weak U.S. Jobs Report was among the strangest in recent memory, due in part to extreme weather. The number of people saying they had a job but could not work due to bad weather was easily a record high, more than double the previous record.
Despite indications of Silicon Valley’s fall from grace as startup mecca, the reality is that the Bay Area has increased its share of tech startups in recent years.
Turnover risk is lower when employees can choose where they work (Great Place To Work Institute) – In the words of luminary thinker Daniel Pink: “Companies instituted mandatory return-to-office measures to boost productivity and deepen employee commitment. Turns out those moves had the *opposite* effect.”
The premium earned by Americans with advanced degrees (Guy Berger, Ph.D.) – How much more does an advanced degree pay out? It’s the lowest premium since 2000.
Low-Wage Workers as Percent of the Workforce, by State (Visual Capitalist) – For the past 15 years, the federal minimum wage has remained unchanged, with its real value now at its lowest point in 67 years.
Mary Meeker, famous for her annual Internet Trends reports, has published a new report calling for the tech industry, government, and higher education to work together to advance AI during an inflection point “of epic proportions.”
To create partnerships for the Sustainable Development Goals, we need increased investment, improved coordination, and strong political will. These are some organizations making contributions to partnerships for the UN Sustainable Development Goals.
To preserve life on land, we must prioritize reforestation and sustainable land-use practices, and protect natural habitats. These are some organizations making contributions to life on land.