I’m listening !!
Lifestyle inspiration from:
Heartwarming stuff :)
That’s why 401jk is greater than the 401(k).
RESIST the rigged system and RETIRE with style. 😎
🃏🏴☠️
The underemployment rate has hit 42.5% - its highest level since 2020. As one student put it: ““Every weekend, I dedicate over two hours to job applications. As of today, I’ve applied to over 90 jobs. I’ve been ghosted by nearly 25% of them and rejected automatically from around 55%,” she said.”
Source: The Guardian.
“When the balance of your life becomes a topic, then you have a problem,” Ereño exclusively told Fortune. “You need to like your job, to not feel that your life needs to be balanced.”
Essentially, in his eyes, needing to separate work from life with a hard 5 p.m. cutoff doesn’t make sense when you genuinely love what you do. So if you’re constantly counting down the hours to the end of the day, it’s probably a sign that something fundamentally isn’t clicking.
Is he crazy or… is it uncomfortable because he’s right?
The Bank of America released a report last year - in it, they argued that despite Gen Z’s struggles to save money and a tough labor market, that Gen Z has a much higher wage growth than other generations have experienced. It claimed that by 2035, Gen Z would be “the largest and richest generation”.
But I feel like so much has changed over the last year - tariffs, Iran, growing unemployment. Does this report still hold up?
(Image for the algorithm, not sure why they’re predicting 2040 since this doesn’t appear on the report..)
Found this article from over a decade ago and thought it was pretty shocking - back then, the average raise an employee could expect each year was 3% (this works out as approximately the same as now : https://www.shrm.org/topics-tools/news/benefits-compensation/employers-2025-annual-pay-raises-lower-than-expected). But that doesn’t account for inflation, which back then was 2.1% (currently forecast for 2.7% this year). So the average person was getting a raise of a little less than 1%.
Compare that to the average raise a person received in 2014 for quitting and finding a new job - between 10-20%. I wonder if this is still the case. And if so, if leaving your job - even in the worst economic market in years - might make sense??
Fascinating Guardian piece about Zoomers with no family background in trades going into it:
All of these jobs over-index on human expertise, which one academic defines as applying learned proficiency to problem solving and making one-off high stakes decisions. They’re also all jobs poised to benefit in the best possible version of a robotics and AI-entwined economy. Are trades the future?
Article in Fortune claims that the economy’s actually fine - “Last week’s data showed that unemployment is at its lowest point since 2022. Nationally, what’s called prime-age employment - jobs for those between 25 and 54 - hovers around 80%.” But that there are deep geographic fractures - in about 1 in 3 American counties, prime-age employment lags the national average by five percentage points or more. When this is the case, there are fewer paychecks, a smaller tax base and a growing sense that hard work doesn’t lead anywhere.
And it would be easy to be in a place that isn’t economically productive, because economic growth is enormously concentrated here! “ In 2020, just over a hundred of America’s 3,000-plus counties accounted for half of all U.S. job growth.”
Is this you?
Was reading a piece about the white-collar bloodbath - this part made me wince:
Tobi Lutke, founder of Shopify, the $145 billion ecommerce giant, told his 8,100 employees last month that to hire anyone new, managers must clear a new hurdle: prove that a bot can’t do it. And for those already at the company, he ordered them to get good with AI - or else.
“I don’t think it is feasible to opt out of learning the skill of applying AI in your craft. You are welcome to try, but I want to be honest I cannot see this working out today, and definitely not tomorrow,” he added. “Stagnation is almost certain, and stagnation is slow-motion failure. If you’re not climbing, you’re sliding.”
This seems pretty nuts to me given where we’re up to with AI. Can AI really do, say, project management or run a marketing plan or spearhead difficult conversations in HR?
If you read virtually anything online, you’ll probably be under the impression that Gen Z is the poorest generation in some time. Read an interesting article rebuking some of this.
The article does however stop short of suggesting Zoomers are lucky - their real problem, it argues, is profound loneliness caused by society’s institutions coming apart.