Happy And Succeeding In The Future Of Work
If You Can’t Get A Salary Increase Due To Inflation, Ask For This Instead
With inflation raging, which is escalating the costs of everything, you may be thinking about asking for a raise. It’s a reasonable request. With the inflation rate spiking over 9%, your paycheck doesn’t go as far anymore. The average American household will have to spend an extra $5,200—$433 a month—just to consume the same goods and services as last year. Here’s the dilemma: it’s a reasonable ask, but the economy, job market and sentiment of business leaders have shifted.
Google Co-Founder Sergey Brin Told His Financial Advisers To Sell His Investments In Elon Musk’s Companies After Musk Had An Affair With His Wife
Google co-founder Sergey Brin reportedly told his financial advisers to sell off all of his investments in Elon Musk’s companies after learning that Musk reportedly had an affair with Brin’s wife, Nicole Shanahan. Brin and Shanahan divorced in January after he learned of the affair last year, the Wall Street Journal first reported on Sunday, citing unnamed sources “familiar with the matter.”
Ex-US Congressman Among 9 Charged In Insider Trading Cases
A former U.S. congressman from Indiana, technology company executives, a man training to be an FBI agent, and an investment banker were among nine people charged in four separate and unrelated insider trading schemes revealed on Monday with the unsealing of indictments in New York City.
Tales From The Crypto: Trapped Celsius Customers Share Financial Horrors
Liquidity-challenged crypto lender Celsius Network filed for Chapter 11 bankruptcy protection earlier this month in the Southern District of New York – over a month after it halted customer withdrawals, citing “extreme market conditions.”
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More American Workers Are Taking On Second Jobs As Inflation Rages
With U.S. inflation racing ahead worker wages, a growing number of Americans are taking on second jobs to make ends meet. Many people have already reined in spending where they can, while others have tapped their pandemic savings to cover the rising cost of food, gas, rent and other necessities. Yet the highest inflation in 40 years is weighing heavily on millions of households. Three-quarters of middle-income Americans say they don’t earn enough to pay for the cost of living, according to a recent survey.
The Truth Behind ‘No One Wants to Work Anymore’
Nobody wants to work anymore. It’s the rallying cry of business owners, recruiters, and cranky people who aren’t getting the coffee fast enough at Starbucks. But it’s not at all new. Gen-X may complain that Gen-Z doesn’t want to work (and if that’s the case, they should look in the mirror as Gen-X raised the current crop of newly minted adults). Paul Fairie, a researcher and instructor at the University of Calgary, posted a fascinating viral Twitter thread documenting how the complaints are not new to this generation.
Google Fires Engineer Who Warned That Company’s AI Reached Sentience
On Friday, Google fired Blake Lemoine, a software engineer who went public with his concerns that a conversational technology the company was developing had achieved sentience. Lemoine went outside the company to consult with experts on the tech’s potential sentience, then publicly shared his concerns in a Medium post and subsequent interview with The Washington Post. Google had suspended Lemoine in June for violating a confidentiality policy, and he’s now been fired. Lemoine himself is slated to explain what happened on an upcoming episode of the podcast for Big Technology, a Substack that first reported the story.
It’s The End Of ‘Fantasyland’ For Big Tech And Its Workers
After Big Tech grew in unprecedented and unchecked fashion for a decade, building ostentatious palaces to house growing workforces while plying them luxuriant freebies to keep them from defecting to rivals, is the wild ride over? Tech’s largest companies, as well as their smaller competitors, are looking to cut back as they face a litany of headaches: Billions of dollars in unused commercial real estate; supply-chain and cost issues; evaporating funding; a 21% drop in global M&A activity in the first half of the year to $2.2 trillion, according to new data from Refinitiv; an all-but-shut window on IPOs; wage inflation; talent retention.
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Media Inquiry
Jack Kelly is available to discuss a broad range of topics, including, but not limited to: the job market, the state of recruiting, trending news stories and career advice. He has appeared on CNBC, MSNBC, NBC, FOX, CBS, BBC and NPR. Jack has been quoted in the the Wall Street Journal, Washington Post, Economist, INC., New York Post and more.
About Jack Kelly
Jack Kelly is the CEO, founder, and executive recruiter at one of the oldest and largest global search firms in his area of expertise. He has personally placed thousands of professionals with top-tier companies over the last 20-plus years. Jack is passionate about advocating for job seekers. In doing so, he founded a start-up company, WeCruitr, at the beginning of the Covid-19 pandemic. The mission of WeCruitr is to help people in need and make the job search more humane and enjoyable. As a proponent of career growth, Jack shares his insider interviewing tips and career advancement secrets as a Senior Contributor for Forbes. He also covers timely topics related to corporations, high-profile people, Wall Street, politics and other important matters. The pieces offer insight into the news and how it may impact your career. Jack is the author of Happy and Succeeding in Your Job Search, as well as the host of Happy And Succeeding In The Future Of Work and cohost of the Blind Ambition podcast.