Finance Topic

It’s been a while since CEO of Gravity Payments raised everybody’s wages to the minimum of $70K – what he thought was a living wage for his area. And the company is still around and succeeding, despite all of the naysaying. There’s been a lot of news lately about the labor employment/unemployment rate from the…

Well, this is HUGE. And coming from Forbes magazine which I regard as ultra capitalistic in philosophy – cut taxes, don’t raise minimum wage, let the free market do its stuff. “For the first time, employees are considered companies’ most important stakeholders for long-term success—three times more important than shareholders.” “Employees Are More Vital To…

I’ve been seeing a few articles here and there about labor shortage or people not wanting to work. Today’s post will be a short post on the manufacturing labor shortage. CNN Business has a good short article on this. ““We have a perception problem. People don’t know the jobs are here or that these are…

I think this is going to be a short post since I’m no expert on this topic but I have been seeing this topic quite a few times in the last few weeks. That topic is: SPACs, the newest fangled craze from Wall Street (BUT, they been around for a while). Apparently SPACs have gained…

A quickie post before the weekend… So, the New York Times‘ business newsletter, The DealBook, had an interesting article about the junior bankers rebelling against the banking industry’s crushing work schedule. Back when I started working, bankers in investment banking or related to Wall Street always had long hours but they were well compensated for…

“Walmart announced last month that it was raising pay for some of its lowest-wage workers. Investors responded by pummeling its shares, sending them down by more than 6 percent on the day.” “What is Work Worth”, New York Times Dealbook, Kevin Delaney, March 20, 2021. This quote came from a business newsletter that I get…