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.
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.
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 achieve decent work and economic growth, we must implement policies that promote equitable income distribution. These are some organizations making contributions to decent work and economic growth.
As the job market continues to evolve, skills-based hiring is gaining momentum as a more effective and inclusive method of recruitment. By shifting the focus to practical skills and abilities, companies can identify top talent that may have been overlooked through traditional methods.
The lowering of college degree requirements in job postings reflects a changing mindset in the job market. While it presents new opportunities for job seekers and promotes inclusivity, challenges remain.