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Elizabeth Merritt

Quitting is just half the story: the truth behind the 'Great Resignation' | US unemploy... - 1 views

  • “quits”, as the Bureau of Labor Statistics calls them, hit a high in September, with over 4.3 million people leaving their jobs, and was followed by a modest reduction of that trend in October and November.
  • n Tuesday the labor department said there were 10.6m job openings at the end of November and 6.9 million unemployed people – 1.5 jobs per unemployed person. The number of quits hit a new high of 4.5m.
  • The top reasons cited by experts continue to be lack of adequate childcare and health concerns about Covid
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  • many quit in search of better work opportunities, self employment, or, simply, higher pay.
  • The recent trend towards higher pay exists in the context of decades of low-wage growth, as until recently, wages in the US had stagnated.
  • The current competitiveness of the labor market – at least the proportion that is driven by gap between the high demand for workers and the supply of those searching for work – might be temporary.
  • in September and October of this year, there were 1.4 million fewer mothers actively engaged with the labor force than those same months in 2019.
  • Mothers with college degrees and telework-compatible jobs were more likely to exit the labor force and more likely to be on leave than women without children. She also found that teachers are most likely to leave the labor force as compared to their counterparts in other industries.
Elizabeth Merritt

How teens are experiencing their version of the 'Great Resignation' - MindShift - 0 views

  • students also want to see this emphasis on mental health occurring school-wide, even education system-wide, in the midst of a pandemic.
  • her class has been more “bold” in asking for less of that busy work, as well as in asking for extended time for work or test preparation, compared with pre-pandemic school.
  • The pandemic made even more visible systemic inequities that made safety and school most challenging for the families who needed the most help — the conditions that often worsen mental health in the first place. Students are pushing both for interesting classes and a feeling of safety at school in the ways they can.
Elizabeth Merritt

Corporate Board Diversity Increased in 2021. Some Ask What Took So Long. - The New York... - 0 views

  • California, where many companies are based, passed laws that require greater diversity on corporate boards — and these appear to have had an impact. One, passed in 2018, requires boards of public companies with their principal executive office in the state to have at least two female directors, and the other, passed in 2020, says boards must have one or more directors from an “underrepresented community,” which includes people of several races and ethnic groups and people who identify as gay, lesbian, bisexual or transgender. Other states have introduced legislation that would require boards to have a certain number of women.
Elizabeth Merritt

The NFT Ecosystem Is a Complete Disaster - 0 views

  • Vignesh Sundaresan, a collector known as “MetaKovan” who purchased the $69 million Beeple NFT that touched off one of the earliest hype cycles around the digital assets. MetaKovan is the financier of Metapurse, a Singapore-based investment firm that earlier this year listed its mission as to "democratize access and ownership to artwork." Metapurse has bought 20 Beeple NFTs, four virtual museums, a soundtrack, and consolidated it all into an "NFT bundle" that offers fractionalized ownership through 10 million B20 tokens. Beeple, as it turns out, happens to be a business partner of MetaKovan and owns 2 percent of all B20 tokens, while MetaKovan owns another 59 percent.
  • a landmark October study published in Nature analyzing 6.1 million trades encompassing 4.7 million NFTs since 2017: the top ten percent of traders account for nearly 90 percent of all transactions, this group trades 97 percent of all NFTs at least once, and the greatest predictor of any NFT’s value isn’t its appearance but its previous price points.
Elizabeth Merritt

Why is the great resignation happening? - Quartz - 0 views

  • Data from the Bureau of Labor Statistics on people who left their jobs shows that people working in transportation and manufacturing quit at a lower rate than people working in professional and business services, and below the overall private industry average. Among industries with lower wages, hospitality did see a high level of resignation and job changes, though the industry typically has very high turnover (up to 70% to 80% yearly).
  • Nikolaidis’s research shows that some of the strongest determinants of lower mood after covid-19 were external social circumstances, including income or economic distress, as well as the person’s mental and socioeconomic conditions prior to the pandemic. People working in low-wage and hourly jobs have long expressed significant stress associated to their work, and their burnout epidemic arguably pre-dates covid-19.
  • The US administration seems aware of the looming crisis, and has proposed a mental health strategy with an overall budget of about $1 billion for 2023, to provide mental health services, recruit a mental health workforce, provide support to frontline health workers, and strengthen the role of community behavioral health clinics.
FairShares Network

Fatherland FairShares Network - The African Creative Global Enterprise - 0 views

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    Fatherland FairShares Network brings together people from diverse backgrounds who are united by a belief in the financial and social imperative of investments. You will connect with leading entrepreneurs, investors, development experts, and many others.
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