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Late last year, Fortune magazine announced a major milestone due in 2024 – the year when Gen Zers will outnumber Baby Boomers in the workplace. This doesn't signal a changing of the guard: according to the story, "Millennials will still reign supreme (even if some of their corporate relics like WeWork and Glossier are losing favor) for the next couple of decades." Boomers, Fortune tells us, dominated the workplace until 2011. Their successors in Gen X only managed to have "a brief time in the sun until 2018" and Millennials took over after that and are expected to dominate the...

I’ve always been a fan of the prosperity created by Western civilization in general and the United States in particular. Indeed, I even created a website called Gratitude for America, where I write about American entrepreneurs who invented things like barbed wire and standardized shipping containers. But maybe there’s a downside to this prosperity because we’ve created a class of people (especially in government) completely disconnected from how the world actually works. Cyrus McCormick, who invented the mechanical reaper, is the most important entrepreneur in human history. He basically untethered mankind from farming, one of the most dangerous occupations on...

Catherine Herridge, probably the best reporter that CBS has, as well as about 20 other CBS reporters, were let go in a blood bath firing by Paramount Global, with 800 people total losing their jobs. The Washington Bureau, where they covered national security and intelligence, was hit hard. The NY Post suggested there might be more than "just cost-cutting." They note sources said Herridge "had clashed" with CBS News president Ingrid Ciprian-Matthews. CBS isn't talking, according to the Post. Herridge just posted on X Monday about more damaging news to Joe Biden, noting that the House Oversight Committee wanted the...

The media warn, "Artificial intelligence will replace millions of jobs." In San Francisco, Teamsters protest, demanding the government "protect" their jobs. In my new video, they chant, "Do not have these self-driving vehicles on San Francisco streets, taking jobs!" They're complaining about the Waymo driverless taxis already in use in part of San Francisco (and Phoenix). The union is right to worry. Robot cars don't get tired. They don't take lunch breaks. They don't drink or get distracted. Self-driving cars will replace many delivery-driver jobs, taxi jobs, Uber jobs and truck driver jobs. Texas is building a special highway with...

Top brass at Google have laid off thousands of employees over the past year. As a result, according to multiple recent reports, staff morale is suffering badly, and workers are increasingly public about the slump. Workers’ posts online and details from a company Q&A session on Friday, as reported by the Verge, paint an ugly picture of the Mountain View tech giant’s current employee-boss relations. Long known as a bastion for innovation and a cushy environment for engineers, Google and its work culture are now getting skewered as overly corporate and generally aimless. Google employees can submit questions in advance...

The January 24 Jobs Report dropped today and of course, our pals on the Left are doing what they do every month and acting like Biden is doing a great job! So many new jobs created! Unemployment down! BIDEN BOOM they say. And as usual, it's a bunch of horse crap. Big thanks to E.J. Atoni, Ph.D. for doing the actual footwork and showing the reality of our country right now. Hint, it ain't good. STOP going crazy about this jobs report: BLS themselves told us last month that data from Jan '24 and later months are NOT directly comparable...

The pace of job cuts by U.S. employers accelerated at the start of 2024, a sign the labor market is starting to deteriorate in the face of ongoing inflation and high interest rates. That is according to a new report published by Challenger, Gray & Christmas, which found that companies planned 82,307 job cuts in January, a substantial 136% increase from the previous month. However, that is down about 20% from the same time one year ago. It marked the second-highest layoff total for the month of January in data going back to 2009. "Waves of layoff announcements hit U.S.-based...

The payment company's CEO Alex Chriss told staff on Tuesday that another 9% of the workforce — about 2,500 positions — will be slashed. The news comes after PayPal said it would reduce its headcount by about 2,000 in January last year."We are doing this to right-size our business, allowing us to move with the speed needed to deliver for our customers and drive profitable growth," Chriss wrote in a memo. "At the same time, we will continue to invest in areas of the business we believe will create and accelerate growth." The cuts will come from current positions as...

The media industry was beset with a series of layoffs impacting a number of sectors in 2023. Earlier this month, Challenger, Gray and Christmas, an outplacement firm that tracks employment figures, said over 20,000 media jobs have been eliminated this year. This is the largest number of cuts in employment since 2020 when Covid-19 was raging and over 30,000 workers were laid off. The figure is also six times higher than the number of job losses in 2022 when several large media companies including Warner Bros. Discovery and Disney and others had undergone a series of layoffs impacting thousands of...

Yesterday I ran into somebody that I haven't seen in a while. I haven't seen this guy for months. He’s been here for about five months in the United States. Six months something like that. And he says uh hey I'm uh I’m looking for work. And I said well I can't hire you man I'm not I I got to hire like legitimate people or whatever. And he was like no no no I'm I'm legitimate now and he broken English kind of bits and pieces together and he pulls his ID and stuff out of his pocket. And...

As the work-from-home trend took off during the COVID-19 pandemic, the term “quiet quitting” entered the contemporary lexicon. According to the Harvard Business Review, “Quiet quitters continue to fulfill their primary responsibilities, but they’re less willing to engage in activities known as citizenship behaviors: no more staying late, showing up early, or attending non-mandatory meetings.” Simply put, having perceived their jobs to not have value and meaning, they do no more than absolutely necessary. There is debate among scholars as to the extent of the quiet quitting phenomenon, but there is increasing evidence that white Americans are increasingly quiet quitting...

Paramount Global — the parent company off CBS, Paramount Pictures, Showtime, and numerous other media properties — is reportedly set to lay off “hundreds” of employees across nearly all of its divisions. The impending cuts represent the latest Hollywood bloodbath following layoffs at other corporations, including Disney, NBCUniversal, Amazon MGM Studios, and Universal Music Group. Hollywood is feeling the squeeze on multiple fronts. Households continue to cut the cord by the millions while the advertising market is still in the doldrums due to poor consumer sentiment tied to President Joe Biden’s economic policies. Meanwhile, consumers are cutting back on discretionary...

Struggling online retailer Wayfair on Friday said it will slash around 1,650 employees — or 13% of its global workforce of roughly 14,000 — just weeks after its billionaire CEO caused a stir by saying workers should log longer hours. Niraj Shah, the boss of the Boston-based furniture-selling e-commerce site, said the company needed to cut costs — its third round of layoffs since summer of 2022 –after going “overboard” on hiring during the pandemic.

Google has laid off over a thousand employees across various departments since January 10th. CEO Sundar Pichai’s message is to brace for more cuts. “We have ambitious goals and will be investing in our big priorities this year,” Pichai told all Google employees on Wednesday in an internal memo that was shared with me. “The reality is that to create the capacity for this investment, we have to make tough choices.” So far, those “tough choices” have included layoffs and reorganizations in Google’s hardware, ad sales, search, shopping, maps, policy, core engineering, and YouTube teams. “These role eliminations are not...

Over the past two years, the Biden administration has repeatedly insisted that job growth is amazing, and that the administration has "created" millions of jobs. In reality, of course, much of the job growth that did exist was the predictable job growth that came with the end of forced business closures and lockdowns. Job growth was also fueled by rising aggregate demand fueled by runaway growth in government spending. After all, during 2020 and 2021, the regime's easy money policies meant that the central bank and private banks created approximately seven trillion dollars during that period. Since early 2021, however,...

Hi everyone, senior tech reporter Kylie Robison here. I don’t want to say the L-word first, but it’s starting to look like some feelings are changing. Layoffs, not love, are in the air again. Google slashed hundreds of jobs today, while Instagram cut several dozen of its own on Wednesday Also this week, Amazon’s Twitch and Prime Video divisions announced hundreds of layoffs each, or a 35% reduction in staff, and AI startup Humane, which raised over $200 million and plans to ship its new wearable in the coming months, just cut 4% of its employees. Adding to the bloodshed,...

91% of small business owners are concerned that "educational institutions are fostering unrealistic expectations among students regarding post-graduation and professional life." An alarming number of small business owners are concerned that American colleges and universities are creating far-fetched expectations for graduates as they transition into the workforce, according to a new survey. The Freedom Economy Index, a project of Red Balloon and PublicSquare, surveyed over 70,000 small business owners and found that 91% of respondents are concerned that “educational institutions are fostering unrealistic expectations among students regarding post-graduation and professional life.” Small business owners who responded to the survey reported...

Inflation, a driving force behind many of the challenges businesses face today, has caused one restaurant owner to charge nearly $16 for a BLT sandwich due to rising costs. Will Restaurants Investment Group founder and CEO Brian Will broke down his monthly expenses during an appearance on “Varney & Co.” after a friend confronted him about the price of his $16 BLT sandwich. The wholesale cost for the popular sandwich is only $5 according to Will, but the need to cover operational expenses is what caused the meal that was once $12.99 three years ago, to become $15.99 today. Will...

Consumers should anticipate two major alterations to their shopping experience in the coming year, an expert has warned. A consumer specialist is forecasting a grim conclusion for two contentious supermarket policies that could reshape shoppers’ habits. Supermarket Guru, Phil Lempert has projected retail tendencies for a quarter of a century, and his recent predictions might come as good news to some shoppers. In a conversation with The U.S. Sun, the expert explained that security concerns and consumer preferences may be the main drivers of these changes. “From a security standpoint, what’s happened is the retailers with self-checkout have had to...

There’s something wrong with previous U.S. jobs reports. The government quietly erased 439,000 jobs through November 2023, a closer look at the numbers from the Bureau of Labor Statistics shows. That means its initial jobs results were inflated by 439,000 positions, and the job market is not as healthy as the government suggests. Since the government wiped out 439,000 jobs after the fact, the total percentage of jobs created by the government last year is even higher. Increased government hiring has been driving the jobs numbers higher. This matters because U.S. jobs reports move the markets and U.S. Treasury yields....