Hack schools aren’t all they’re cracked up to be. While some graduates of rigorous coding bootcamps successfully land software jobs, many students get left behind, far from the six-figure salaries they had hoped for. Over the last few years, a number of hack schools have reined in students’ expectations, but Code Fellows in Seattle announced Wednesday it is guaranteeing $100,000-plus salaries for its “top bootcamp applicants” in 2014. The school already touts an $82,000 average salary, with its top-grossing grad landing $155,000. But the term “top applicants” is vague, and Will Little, cofounder and CEO, says there’s no set number of guarantees for each class, though he’d “love to see whole bootcamps filled with these top applicants.” “We also have purposely not listed a set criteria, as hiring software engineers has become more of an art and less of a science,” Little tells Fast Company. “Our job is … [Read more...] about Code Fellows Guarantees $100K Salaries For “Top Bootcamp Applicants”
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Millions of Americans are watching the impeachment hearings—and not doing their work. advertisement That’s costing businesses $2.1 billion per hour, according to an estimate by the outplacement firm Challenger, Gray & Christmas. The U.S. House of Representatives’ impeachment inquiry began yesterday morning and people are following the developments—whether minute-by-minute or sporadic recaps—in any number of ways, including smartphones, social media, podcasts, and TV. And all that time dedicated to what’s happening on the Hill means it’s not being spent on the jobs they’re paid to do. To a degree, the loss of productivity is to be expected, as a historic event unfolds in Washington, D.C. Challenger, Gray & Christmas reported a similar dip during Christine Blasey Ford’s testimony at now-U.S. Supreme Court Justice Brett Kavanaugh’s confirmation hearing. One key difference: The impeachment inquiry will last much … [Read more...] about The impeachment hearings are costing American businesses $2.1B an hour in lost productivity
2014 was, by any account, not a great year. In looking back at the stories that drew the most interest from our readers, we found a few moments of inspiration and joyousness to cut through the constant drumming of bad news. But even so, there’s one overarching theme to most of our most popular stories: That we’re quickly running out of time to alter the course our planet is on toward total environmental meltdown, and we’re starting to come to terms with what that destruction is going to look like. advertisement advertisement We’ve tried to take a positive view of what London will look like after climate change (lovely beach weather!) and started preparing for the new layout of some of our cities once most of them are underwater. And the exact cause of this future is all too clear, in photos showing exactly how bad the pollution is in China. All hope is not lost, though: 2015 is a new year with–we hope–better news. And even this year has … [Read more...] about The 14 Most Interesting Stories Of 2014
In 2015, in the United States and Europe, it’s been impossible to escape the problem of rising income inequality. Though it’s been a trend for a long time, this year, the public seemed more aware than ever that income inequality could be the “defining challenge of our time,” as President Obama put it. Is the American Dream dead, we’ve wondered? advertisement advertisement The data gives every indication that, if it’s not dead yet, it’s limping weakly. The average American actually makes less than he or she did 40 years ago in real terms. Corporate CEOs now make more than 350 times more than their workers, the highest levels ever (while many companies don’t even pay their taxes). The top 1% now makes 17.5 times the median income in America, up from about six times in 1979. And more Americans live in high-poverty areas than ever in history. All hope is not lost. In a series of stories in 2015, we covered what solutions to income … [Read more...] about The 1% Are Winning: 2015 In Income Inequality
When Wall Street executives received hundreds of millions of dollars in bonuses after receiving billions in government bailout money during the financial crisis, the popular reaction was outrage. Yet some on Wall Street were actually outraged by the outrage: The uproar over bonuses “was intended to stir public anger, to get everybody out there with their pitchforks and their hangman nooses,” said former AIG CEO Robert Benmosche. advertisement advertisement In the wake of the crisis and recession, despite the fact that nearly all the gains of the recovery have gone straight into the bank accounts of the wealthy, America’s billionaires keep doing things like comparing themselves to persecuted Jews in Nazi Germany and talking about the ever-popular pitchforks. Many aggressively denounce policies designed to redistribute wealth as “class warfare.” It’s been noted extensively that if there is any class warfare happening, it’s the wealthy … [Read more...] about Where Are These Pitchforks That Billionaires Are So Scared Of?