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
The Cities Bracing for Trump’s Immigration Crackdown
In the wake of Donald Trump’s recent election victory and his promise of “the largest deportation operation in American history,” several major U.S. cities are bracing for potentially seismic shifts in their economic and social landscapes. As the nation grapples with the implications of this proposed policy, urban centers that have long been havens for immigrant communities find themselves at the epicenter of a looming storm.
Los Angeles, often dubbed the “City of Angels,” stands to lose more than its celestial nickname suggests. As a primary gateway for immigrants, the city’s vibrant tapestry of cultures and its economic engine could face significant disruption. From the bustling streets of Koreatown to the sun-drenched orchards of the Central Valley, the absence of undocumented workers could leave gaping holes in the city’s workforce and cultural identity.
Across the country, New York City, with its iconic skyline and melting pot reputation, faces its own reckoning. The Big Apple’s 5.9 million immigrants, many of whom are undocumented, form the backbone of industries ranging from construction to healthcare. The potential exodus could transform neighborhoods like Jackson Heights and Flushing, altering the very essence of what makes New York a global city.In the Sunshine State, Miami’s tropical allure belies the turbulent times ahead. Home to 2.5 million immigrants, the city’s economy relies heavily on sectors like tourism and hospitality – industries where undocumented workers often fill crucial roles. The potential deportation of these workers could send shockwaves through Miami’s economic ecosystem, from South Beach’s glitzy hotels to the agricultural heartlands of South Florida.
Chicago, the “City of Big Shoulders,” may find those shoulders significantly weakened. With 1.7 million immigrants in its metropolitan area, the Windy City’s diverse neighborhoods and industries face an uncertain future. From the meatpacking plants to the tech startups, Chicago’s economic resilience could be tested like never before.
In the Lone Star State, Houston and Dallas stand as twin testaments to the complexities of immigration policy. These Texas titans, each home to large immigrant populations, could see their booming economies stumble. The construction sites that dot their ever-expanding skylines and the service industries that keep these cities humming could face unprecedented labor shortages.
Out West, the San Francisco Bay Area’s reputation as a bastion of innovation and progress could be challenged. The region’s tech industry, often reliant on immigrant talent, might find itself grappling with a new reality. From Silicon Valley’s coding campuses to the agricultural expanses of the Central Valley, California’s economic powerhouse could face a reckoning. Phoenix, rising from the Sonoran Desert, could see its growth trajectory altered. As Arizona’s urban center, it stands at the forefront of the immigration debate, potentially facing not just economic impacts but social and political upheaval as well.
These cities, along with others like San Diego and Las Vegas, are not just facing potential economic disruptions. They are staring down the barrel of profound social change. Family separations, community fragmentation, and the erosion of cultural enclaves built over generations are all possible consequences of mass deportations. Moreover, the fiscal implications are staggering. Undocumented immigrants contribute billions in taxes annually, often without receiving the full benefits of their contributions. Their sudden absence could leave gaping holes in city budgets, potentially affecting public services and infrastructure projects.
As these urban centers brace for impact, the debate rages on. Supporters of stricter immigration policies argue for the need to enforce laws and protect American jobs. Critics warn of economic devastation and the unraveling of America’s urban fabric. What’s clear is that America’s cities stand at a crossroads. The coming months and years will likely reshape urban landscapes in ways both visible and invisible. From the foods we eat to the services we rely on, from the neighborhoods we call home to the very character of our cities, the impacts of this proposed immigration crackdown could be far-reaching and long-lasting. As the nation watches and waits, these cities – vibrant, diverse, and economically vital – find themselves on the front lines of a policy that could redefine what it means to be an American city in the 21st century.
Bolanle Media is excited to announce our partnership with The Newbie Film Academy to offer comprehensive courses designed specifically for aspiring filmmakers. Whether you’re just starting out or looking to enhance your skills, our resources will provide you with the tools and knowledge needed to succeed in the competitive world of screenwriting. Join us today to unlock your creative potential and take your first steps toward crafting compelling stories that resonate with audiences. Let’s turn your ideas into impactful scripts together!
Business
How Trump’s Deportation Plans Could Reshape Major Cities
In the wake of Donald Trump’s recent election victory, his ambitious plans for mass deportations have thrust America’s urban centers into the spotlight. As the nation grapples with the potential implications of what Trump calls “the largest deportation operation in American history,” cities across the country are bracing for significant changes that could reshape their economic, social, and cultural landscapes.
The stakes are particularly high for metropolitan areas like New York, Los Angeles, Houston, Dallas, and Miami, which host the largest populations of unauthorized immigrants. These cities, along with other major urban hubs such as Chicago, Washington D.C., and San Francisco, stand at the forefront of a looming transformation that could reverberate throughout the nation.
Economic Tremors
Economists warn that the proposed deportations could send shockwaves through urban economies. Mark Zandi, chief economist at Moody’s, cautions that businesses would face “significant challenges” if a substantial number of immigrants were removed. Industries such as construction, hospitality, and healthcare—pillars of urban economies—could face severe labor shortages.
Joe Brusuelas, chief economist at RSM, emphasizes the potential ripple effects: “The native-born workforce cannot meet current labor demands.” This labor gap could lead to increased wages, potentially rekindling inflation—a concern that looms large over city planners and policymakers alike.
Community Fabric Under Strain
Beyond economic considerations, the social fabric of cities hangs in the balance. Elena, a Nicaraguan immigrant in Houston, voices a fear echoed in immigrant communities across the nation: “I’m scared… This is my home.” The threat of family separations, particularly in mixed-status households, casts a long shadow over urban neighborhoods.
Immigrant advocacy groups like FIEL are mobilizing, advising clients to prepare for “anything that can happen.” This atmosphere of uncertainty could lead to decreased community engagement and cooperation with local authorities, potentially impacting public safety and community cohesion.
Cities at a Crossroads
As the debate intensifies, cities find themselves at a crossroads. Some, like New York and Los Angeles, have historically positioned themselves as “sanctuary cities,” often at odds with federal immigration enforcement. The impending clash between federal policy and local governance promises to be a defining feature of this new political landscape.
Meanwhile, the logistical challenges of implementing such a massive deportation operation remain daunting. Questions abound regarding detention facilities, transportation networks, and the sheer manpower required to carry out Trump’s vision.
Looking Ahead
As America’s urban centers brace for potential change, the full impact of Trump’s deportation plans remains to be seen. Legal challenges are all but certain, and the resilience of America’s cities will be put to the test.
What is clear is that the coming months and years will be pivotal for urban America. As Jason Miller, a senior Trump adviser, puts it, the plan is to “immediately reinstate” immigration policies from Trump’s first term. For America’s cities, this could mean a period of unprecedented change, challenge, and, potentially, transformation.
As the nation watches and waits, the story of America’s cities in the face of this ambitious deportation plan is just beginning to unfold. The outcome will undoubtedly shape the future of urban life in America for years to come.
Bolanle Media is excited to announce our partnership with The Newbie Film Academy to offer comprehensive courses designed specifically for aspiring screenwriters. Whether you’re just starting out or looking to enhance your skills, our resources will provide you with the tools and knowledge needed to succeed in the competitive world of screenwriting. Join us today to unlock your creative potential and take your first steps toward crafting compelling stories that resonate with audiences. Let’s turn your ideas into impactful scripts together!
Business
Donald Trump Wins 2024 USA Election
Based on the election results, Donald Trump has indeed won the 2024 U.S. presidential election, defeating Vice President Kamala Harris. Here’s an analysis of the key statistics and implications:
Electoral College Victory
Donald Trump has secured the presidency by winning crucial battleground states and flipping some key states that were previously held by Democrats. The final Electoral College tally is still being determined, but Trump has surpassed the 270 electoral votes needed to win.
Battleground State Performance
Trump’s victory was largely secured by winning several critical swing states:
- Wisconsin: Trump’s win here was pivotal in securing his path to victory.
- Pennsylvania: This state flipped back to Republican control.
- Georgia: Another key state that Trump managed to win back.
- Michigan: Trump successfully flipped this traditionally Democratic stronghold.
Popular Vote and Voter Priorities
While the final popular vote tally is still being calculated, exit polls provide insight into voter priorities:
- Economy and democracy were top concerns for voters.
- Abortion and immigration also played significant roles in voter decision-making.
Congressional Control
The election results extend beyond the presidency:
- Republicans are set to take back the Senate majority, securing at least 51 seats.
- Control of the House of Representatives remains undetermined.
Media Implications
The outcome of this election could be seen as a challenge to mainstream media narratives for several reasons:
- Polling Discrepancies: Many pre-election polls suggested a tight race or even a slight Harris advantage in key states. Trump’s victory, particularly in battleground states, may indicate that polls underestimated his support.
- Narrative Shifts: Throughout the campaign, much of the mainstream media focused on Trump’s legal challenges and controversies. His victory suggests that these issues may not have resonated with voters as much as economic and policy concerns.
- Voter Priorities: The emphasis on issues like the economy and immigration in voter decision-making may indicate a disconnect between media focus and voter concerns.
- Electoral Predictions: Many mainstream outlets were cautious about predicting a Trump victory, even as results began to favor him. This hesitancy could be seen as a reflection of broader media skepticism about Trump’s chances.
- Underestimation of Trump’s Base: The results suggest that Trump’s core support remained strong and potentially grew, despite negative coverage in much of the mainstream media.
It’s important to note that while the election outcome may challenge some media narratives, it doesn’t necessarily invalidate all mainstream reporting. The complex factors influencing voter behavior and the challenges of accurate political forecasting remain subjects of ongoing analysis and debate.
As the dust settles on this historic election, both the media and political analysts will likely engage in extensive reflection on the factors that led to Trump’s victory and the implications for future political coverage and analysis.
Bolanle Media is excited to announce our partnership with The Newbie Film Academy to offer comprehensive courses designed specifically for aspiring screenwriters. Whether you’re just starting out or looking to enhance your skills, our resources will provide you with the tools and knowledge needed to succeed in the competitive world of screenwriting. Join us today to unlock your creative potential and take your first steps toward crafting compelling stories that resonate with audiences. Let’s turn your ideas into impactful scripts together!
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