Business
How to maximize your earnings even as U.S. wage growth is falling on November 3, 2023 at 1:53 pm Business News | The Hill

Wage growth in the US is in decline following a peak in mid-2022. This might prove to be welcome news on the inflation front, as lower employer costs mean less need to raise prices, but it can also impact employee negotiations for higher salaries, which are necessary amid a rising cost of living.
Even tech workers, whose salaries soared to great heights in recent years, have taken a hit with a recent report from Hired finding that tech salaries in the U.S. have reached a five-year low.
While this could spell an end to what was arguably a period of unjustified salary inflation, other roles may also find their compensation adjusted accordingly in this new framework.
Make the most of your short-term experience
Entry-level workers in tech have been especially impacted by the decline in salaries, emphasizing the high value placed on experienced hires.
Junior candidate salaries in tech have dropped as much as 4.8 percent, according to Hired. The report also notes that the largest number of active positions in the job market require six to 10 years’ of experience and, generally, salaries start to lift around the four-year mark.
This means that early-stage jobseekers will need to do everything they can to augment their short-term experience to demonstrate value.
If you’re just starting out in a career, some extracurricular projects and self-taught skills will stand to you if you decide to move jobs before you have built up the years of work employers are seeking for better-paid senior roles.
Another way to boost experience in a shorter time frame is to connect with a mentor. Some businesses offer formal programmes for mentoring and sponsorship, or there are platforms such as Pathrise for tech professionals, but it’s also possible to go it alone.
Find someone who is where you want to be in 10 years’ time and ask to be their mentee. They can also turn out to be a good advocate for you when you look to progressing your career down the line.
Upskill in tech
While tech workers are seeing their salary bubble burst, tech skills are nonetheless valuable across industries. These days, companies are often trying to do more with less, so those with knowledge and experience with assistive tech tools can contribute at an individual and organizational level.
Workers hoping to prove their value for when the next salary review comes around should consider what Fortune describes as an “AI premium”.
It’s not about becoming a prompt engineer overnight as this job category is already looking to be a short-lived route to success. It’s about being the person in the room who understands a new, emerging technology and how to apply it to your work.
Think of how it must have been for the early adopters of answering machines, or BlackBerry phones, taking the lead with tools that could help others transform how they work.
Keeping abreast of tech trends will also demonstrate on-the-job learning, and with decreasing investment in young talent, this becomes ever more valuable to employers.
While Hired acknowledges that generative AI appears to be a more substantial threat to junior workers with less than four years’ experience, it can also present an opportunity for those who discover new applications and begin establishing best practices in their industry.
Upskilling in AI can come via practice with freely available tools or through more formal learning from online course providers, such as Udemy or Coursera.
Relocate for remote work
Finally, another option for workers seeking to make their salary go further is to take advantage of remote work opportunities and live somewhere less expensive.
Per Hired’s report, companies are following the movement of talent to lower cost-of-living markets and even scaling back to fewer locations overall. This has led to a growth in distributed workforces and remote collaboration has become more commonplace and acceptable.
SMBs in particular have increased their options for remote talent.
Flexible working has also proven an attractive draw for experienced workers who are empowered to seek out work that works for them in a market that prizes their experience as a quality hire.
Whether you’re looking for a better salary in your current role or considering your long-term career opportunities, understanding what employers value will help you lay the groundwork to reach your goals. Look at how the tactics above might apply to roles available now on The Hill Jobs Board.
Vice President of Federal Government Affairs, Mental Health America
This Vice President of Federal Government Affairs role is open to candidates who can advance the organization’s legislative and administrative federal agenda. This will involve drafting legislation and comment, as well as contributing updates, articles, blogs, webinars and conference presentations. By leveraging generative AI tools, the speed of moving from blank page to an early draft can be accelerated and, with the right experience to refine and review the content, an AI-savvy candidate could be a productive game-changer in this role.
Director of Marketing and Strategic Communications, Stevenson School, Del Monte Forest
Stevenson School is a PK-12 co-educational, college preparatory, boarding and day school with 771 students on two campuses in the beautiful central coast of California. It is seeking a Director of Marketing and Strategic Communications to lead all aspects of internal and external communications to develop a comprehensive, high-volume, multimedia communications and marketing program that meets the needs of the evolving institution and advances the mission and brand of the school. You’ll need a Bachelor’s degree with advanced degree preferred, as well as five years’ of related professional experience in marketing or communications with prior experience in a management or supervisory role.
Account Executive – Washington, Leverage Information Systems Inc, WA
Leverage is a technology-based business solution provider that spans enterprises, serving the diverse business needs of large public and private organizations across America. The Federal Account Executive role is a field-based, direct sales position responsible for new customer acquisitions, expansion within current customer base as well as retention of services. You’ll have experience working with HHS and IND, and will consult with C-level executives to develop and implement an effective, enterprise-wide strategy that maximizes the value delivered by the company’s products and services.
For more opportunities available now, check out The Hill Jobs board
Lobbying, Business Wage growth in the US is in decline following a peak in mid-2022. This might prove to be welcome news on the inflation front, as lower employer costs mean less need to raise prices, but it can also impact employee negotiations for higher salaries, which are necessary amid a rising cost of living. Even tech…
Business
Google Accused Of Favoring White, Asian Staff As It Reaches $28 Million Deal That Excludes Black Workers

Google has tentatively agreed to a $28 million settlement in a California class‑action lawsuit alleging that white and Asian employees were routinely paid more and placed on faster career tracks than colleagues from other racial and ethnic backgrounds.
- A Santa Clara County Superior Court judge has granted preliminary approval, calling the deal “fair” and noting that it could cover more than 6,600 current and former Google workers employed in the state between 2018 and 2024.

How The Discrimination Claims Emerged
The lawsuit was brought by former Google employee Ana Cantu, who identifies as Mexican and racially Indigenous and worked in people operations and cloud departments for about seven years. Cantu alleges that despite strong performance, she remained stuck at the same level while white and Asian colleagues doing similar work received higher pay, higher “levels,” and more frequent promotions.
Cantu’s complaint claims that Latino, Indigenous, Native American, Native Hawaiian, Pacific Islander, and Alaska Native employees were systematically underpaid compared with white and Asian coworkers performing substantially similar roles. The suit also says employees who raised concerns about pay and leveling saw raises and promotions withheld, reinforcing what plaintiffs describe as a two‑tiered system inside the company.
Why Black Employees Were Left Out
Cantu’s legal team ultimately agreed to narrow the class to employees whose race and ethnicity were “most closely aligned” with hers, a condition that cleared the path to the current settlement.

The judge noted that Black employees were explicitly excluded from the settlement class after negotiations, meaning they will not share in the $28 million payout even though they were named in earlier versions of the case. Separate litigation on behalf of Black Google employees alleging racial bias in pay and promotions remains pending, leaving their claims to be resolved in a different forum.
What The Settlement Provides
Of the $28 million total, about $20.4 million is expected to be distributed to eligible class members after legal fees and penalties are deducted. Eligible workers include those in California who self‑identified as Hispanic, Latinx, Indigenous, Native American, American Indian, Native Hawaiian, Pacific Islander, and/or Alaska Native during the covered period.
Beyond cash payments, Google has also agreed to take steps aimed at addressing the alleged disparities, including reviewing pay and leveling practices for racial and ethnic gaps. The settlement still needs final court approval at a hearing scheduled for later this year, and affected employees will have a chance to opt out or object before any money is distributed.
H2: Google’s Response And The Broader Stakes
A Google spokesperson has said the company disputes the allegations but chose to settle in order to move forward, while reiterating its public commitment to fair pay, hiring, and advancement for all employees. The company has emphasized ongoing internal audits and equity initiatives, though plaintiffs argue those efforts did not prevent or correct the disparities outlined in the lawsuit.
For many observers, the exclusion of Black workers from the settlement highlights the legal and strategic complexities of class‑action discrimination cases, especially in large, diverse workplaces. The outcome of the remaining lawsuit brought on behalf of Black employees, alongside this $28 million deal, will help define how one of the world’s most powerful tech companies is held accountable for alleged racial inequities in pay and promotion.
Business
Luana Lopes Lara: How a 29‑Year‑Old Became the Youngest Self‑Made Woman Billionaire

At just 29, Luana Lopes Lara has taken a title that usually belongs to pop stars and consumer‑app founders.
Multiple business outlets now recognize her as the world’s youngest self‑made woman billionaire, after her company Kalshi hit an 11 billion dollar valuation in a new funding round.
That round, a 1 billion dollar Series E led by Paradigm with Sequoia Capital, Andreessen Horowitz, CapitalG and others participating, instantly pushed both co‑founders into the three‑comma club. Estimates place Luana’s personal stake at roughly 12 percent of Kalshi, valuing her net worth at about 1.3 billion dollars—wealth tied directly to equity she helped create rather than inheritance.

Kalshi itself is a big part of why her ascent matters.
Founded in 2019, the New York–based company runs a federally regulated prediction‑market exchange where users trade yes‑or‑no contracts on real‑world events, from inflation reports to elections and sports outcomes.
As of late 2025, the platform has reached around 50 billion dollars in annualized trading volume, a thousand‑fold jump from roughly 300 million the year before, according to figures cited in TechCrunch and other financial press. That hyper‑growth convinced investors that event contracts are more than a niche curiosity, and it is this conviction—expressed in billions of dollars of new capital—that turned Luana’s share of Kalshi into a billion‑dollar fortune almost overnight.
Her path to that point is unusually demanding even by founder standards. Luana grew up in Brazil and trained at the Bolshoi Theater School’s Brazilian campus, where reports say she spent up to 13 hours a day in class and rehearsal, competing for places in a program that accepts fewer than 3 percent of applicants. After a stint dancing professionally in Austria, she pivoted into academics, enrolling at the Massachusetts Institute of Technology to study computer science and mathematics and later completing a master’s in engineering.
During summers she interned at major firms including Bridgewater Associates and Citadel, gaining a front‑row view of how global macro traders constantly bet on future events—but without a simple, regulated way for ordinary people to do the same.

That realization shaped Kalshi’s founding thesis and ultimately her billionaire status. Together with co‑founder Tarek Mansour, whom she met at MIT, Luana spent years persuading lawyers and U.S. regulators that a fully legal event‑trading exchange could exist under commodities law. Reports say more than 60 law firms turned them down before one agreed to help, and the company then spent roughly three years in licensing discussions with the Commodity Futures Trading Commission before gaining approval. The payoff is visible in 2025’s numbers: an 11‑billion‑dollar valuation, a 1‑billion‑dollar fresh capital injection, and a founder’s stake that makes Luana Lopes Lara not just a compelling story but a data point in how fast wealth can now be created at the intersection of finance, regulation, and software.
Business
Harvard Grads Jobless? How AI & Ghost Jobs Broke Hiring

America’s job market is facing an unprecedented crisis—and nowhere is this more painfully obvious than at Harvard, the world’s gold standard for elite education. A stunning 25% of Harvard’s MBA class of 2025 remains unemployed months after graduation, the highest rate recorded in university history. The Ivy League dream has become a harsh wakeup call, and it’s sending shockwaves across the professional landscape.

Jobless at the Top: Why Graduates Can’t Find Work
For decades, a Harvard diploma was considered a golden ticket. Now, graduates send out hundreds of résumés, often from their parents’ homes, only to get ghosted or auto-rejected by machines. Only 30% of all 2025 graduates nationally have found full-time work in their field, and nearly half feel unprepared for the workforce. “Go to college, get a good job“—that promise is slipping away, even for the smartest and most driven.
Tech’s Iron Grip: ATS and AI Gatekeepers
Applicant tracking systems (ATS) and AI algorithms have become ruthless gatekeepers. If a résumé doesn’t perfectly match the keywords or formatting demanded by the bots, it never reaches human eyes. The age of human connection is gone—now, you’re just a data point to be sorted and discarded.
AI screening has gone beyond basic qualifications. New tools “read” for inferred personality and tone, rejecting candidates for reasons they never see. Worse, up to half of online job listings may be fake—created simply to collect résumés, pad company metrics, or fulfill compliance without ever intending to fill the role.
The Experience Trap: Entry-Level Jobs Require Years
It’s not just Harvard grads who are hurting. Entry-level roles demand years of experience, unpaid internships, and portfolios that resemble a seasoned professional, not a fresh graduate. A bachelor’s degree, once the key to entry, is now just the price of admission. Overqualified candidates compete for underpaid jobs, often just to survive.
One Harvard MBA described applying to 1,000 jobs with no results. Companies, inundated by applications, are now so selective that only those who precisely “game the system” have a shot. This has fundamentally flipped the hiring pyramid: enormous demand for experience, shrinking chances for new entrants, and a brutal gauntlet for anyone not perfectly groomed by internships and coaching.
Burnout Before Day One
The cost is more than financial—mental health and optimism are collapsing among the newest generation of workers. Many come out of elite programs and immediately end up in jobs that don’t require degrees, or take positions far below their qualifications just to pay the bills. There’s a sense of burnout before careers even begin, trapping talent in a cycle of exhaustion, frustration, and disillusionment.
Cultural Collapse: From Relationships to Algorithms
What’s really broken? The culture of hiring itself. Companies have traded trust, mentorship, and relationships for metrics, optimizations, and cost-cutting. Managers no longer hire on potential—they rely on machines, rankings, and personality tests that filter out individuality and reward those who play the algorithmic game best.
AI has automated the very entry-level work that used to build careers—research, drafting, and analysis—and erased the first rung of the professional ladder for thousands of new graduates. The result is a workforce filled with people who know how to pass tests, not necessarily solve problems or drive innovation.
The Ghost Job Phenomenon
Up to half of all listings for entry-level jobs may be “ghost jobs”—positions posted online for optics, compliance, or future needs, but never intended for real hiring. This means millions of job seekers spend hours on applications destined for digital purgatory, further fueling exhaustion and cynicism.
Not Lazy—Just Locked Out
Despite the headlines, the new class of unemployed graduates is not lazy or entitled—they are overqualified, underleveraged, and battered by a broken process. Harvard’s brand means less to AI and ATS systems than the right keyword or résumé format. Human judgment has been sidelined; individuality is filtered out.

What’s Next? Back to Human Connection
Unless companies rediscover the value of human potential, mentorship, and relationships, the job search will remain a brutal numbers game—one that even the “best and brightest” struggle to win. The current system doesn’t just hurt workers—it holds companies back from hiring bold, creative talent who don’t fit perfect digital boxes.
Key Facts:
- 25% of Harvard MBAs unemployed, highest on record
- Only 30% of 2025 grads nationwide have jobs in their field
- Nearly half of grads feel unprepared for real work
- Up to 50% of entry-level listings are “ghost jobs”
- AI and ATS have replaced human judgment at most companies
If you’ve felt this struggle—or see it happening around you—share your story in the comments. And make sure to subscribe for more deep dives on the reality of today’s economy and job market.
This is not just a Harvard problem. It’s a sign that America’s job engine is running on empty, and it’s time to reboot—before another generation is locked out.
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