Now Here’s The Boring Stuff
Vice President Kamala Harris announced her support for eliminating taxes on tips for service and hospitality workers, a policy initially proposed by former President Donald Trump. This pledge has sparked a debate among various stakeholders.
Some argue that this policy could lead to increased reliance on tips as a primary source of income, potentially disadvantaging low-earning, wage-based workers and maximizing their income uncertainty.
Suggestions from restaurant workers include pairing this policy with an increase in the minimum wage and the elimination of the tipped minimum wage to ensure fair compensation for all employees. The discussion also touches on broader issues related to tipping culture and the need for fair wages in the service industry.
The job market remains a topic of intense discussion following the unexpectedly weak July jobs report, which showed only 114,000 jobs added and an unemployment rate of 4.3%, the highest since October 2021. This has raised concerns about the stability of the labor market and the potential for a "soft landing" in the U.S. economy.
The stock market is still reeling from a significant plunge in early August, with the Dow Jones Industrial Average having dropped nearly 1,000 points, reflecting investor anxiety about economic conditions and corporate performance.
In politics, the upcoming U.S. presidential election is gaining momentum, with economic issues taking center stage. According to recent polls, 79% of voters consider the economy a very important factor in their voting decisions.
Regarding the broader economy and interest rates, all eyes are on the upcoming consumer price index (CPI) report due on Wednesday. This report is expected to provide crucial insights into inflation trends, which will likely influence the Federal Reserve's decisions on potential interest rate cuts. The Fed's approach to monetary policy remains a key focus for economists and market participants, as they assess the balance between controlling inflation and supporting economic growth in an uncertain global environment.
George Bezerra, Senior Vice President, Head Of Data: Why Data Scientists Make So Much Money
George explains how he transitioned from academia to industry and why earning a master's or PhD can help you unlock a career in data science or machine learning.
He shares the difference between analytics, data science, machine learning and AI roles and why even companies and hiring managers get it wrong so often. George divulges why everyone suddenly wants to become a data scientist and how much analysts and data scientists can expect to earn. Finally, we get him to reveal what heads of data actually look for when hiring.
Thriving In Chaos: How To Be Super Successful, Wealthy And Happy In A F*cked-Up World
We all have something in common: there’s an innate human desire to succeed in life—socially and at work. We want to be loved, forge lasting, fulfilling relationships, enjoy career and financial success and lead wonderful, productive lives.
This seems reasonably simple enough. However, it’s getting exceedingly difficult to stand out in a crowded workplace to get noticed and appreciated for your hard work and efforts, especially in a doom-and-gloom, tough economic environment with high inflation and costs continually rising.
Success in life and work is about developing a holistic approach that nurtures various aspects of personal and professional growth. Despite the odds, you must cultivate a combination of factors that include possessing a positive mindset and attitude, grit, a strong work ethic, a sense of purpose and fostering constructive habits to reach your goals and ambitions.
The goal of this book is to offer the tools, advice and guidance to succeed in your life and work.