March 15, 2024
Welcome to the jungle: Why are workers quitting after getting promoted?
Promotions are typically seen as recognition for excellent work and a way to solidify someone’s place within a company. But that might not be the case anymore, according to a recent ADP Research Institute study.
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March 15, 2024
Business Insider: Schools are facing a dire teacher shortage. Less competitive pay for Gen Z and young millennials could make it worse
There's a shortage of teachers, and young adults could be shying away from the profession as teacher pay becomes less competitive. That's based on a conversation with ADP's chief economist Nela Richardson and a new ADP Research Institute report by ADPRI principal data scientist Jeff Nezaj.
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March 15, 2024
Marketplace: Despite wage gains, February’s 3.2% annual inflation hits hard
The latest consumer price index report out Tuesday shows that prices climbed at an annual rate of 3.2% in February. That’s a slight uptick from an annual rate of 3.1% in January. Meanwhile, average hourly earnings have been rising faster, meaning that the typical worker’s wages are now outpacing inflation. After prices soared in 2022, the purchasing power of wages started to catch up last year.
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March 15, 2024
Fortune: The remote-work revolution means only managers can afford to live in pricey cities
The pandemic surge toward remote work, it was once hoped, would bring in a more egalitarian America, where workers no longer had to live in pricey coastal cities to advance in their career. But four years on, the remote-work revolution has had some unexpected effects—and one of them is a polarization in where bosses and frontline workers live.
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