Share to Twitter Share to Linkedin It’s no secret that the urge to live in Utah is growing – and fast. Last year alone, almost 35,000 Americans migrated to Utah – 10,000 more than in 2020 and the most since 2005. The real secret is why. Even before COVID-19 hit, millennials and young Gen Xers had begun swapping their busy city lives for affordable suburban adventures with the opportunity to buy a house. The pandemic’s spike in remote work only catalyzed this movement. From July 2020 to July 2021, housing units grew faster in Utah than in any other state. Aside from its real estate value, a solid job market also drew people to Utah, which, with a current unemployment rate 1.5% below the national average, continues to do well. Then, statistics aside, there’s the fact that the state is just downright gorgeous. Of all the counties in Utah, it’s not difficult to understand why Tooele and Utah counties — roughly 30 minutes from Salt Lake City — are … [Read more...] about 5 Great Coffee Shops In Salt Lake City For Remote Workers
New hampshire workers compensation law
Peloton Interactive’s 2,800 Worker Layoff And The WARN Act
Share to Twitter Share to Linkedin Any time a company announces a major layoff, it’s big news. Peloton Interactive (Peloton) recently announced that it will be letting go roughly 2,800 of its worldwide positions. This layoff will include about 20% of Peloton’s corporate workforce. This type of story normally isn’t something employment lawyers take note of, unless the mass firing was somehow illegal . But how can a large layoff be illegal? One way is if it violates the WARN Act. As far as we know, Peloton’s 2,800 worker layoff is perfectly legal and does not violate the WARN Act. But we can still use this event to get a better understanding of the WARN Act and what it does for employees. What Is the WARN Act? The Worker Adjustment and Retraining Notification (WARN) Act is a federal law that places conditions on how certain employers can conduct mass firings. Basically, the WARN Act requires a covered employer to provide 60 days’ notice to … [Read more...] about Peloton Interactive’s 2,800 Worker Layoff And The WARN Act
IRS To Add 87,000 New Agents, More Crypto Tax Enforcement
Share to Twitter Share to Linkedin It’s no secret that the IRS is after crypto tax dollars and after fans of crypto who don’t report or who don’t do it correctly. The Inflation Reduction Act , which passed the Senate on Sunday and the House is expected to take up Friday, raises taxes and will give the IRS billions to go into what the Wall Street Journal called “beast mode .” In all, the bill will dole out about $80 billion to the IRS for increased enforcement, operational improvements, customer service, and systems modernization. That money is more than six times the current annual IRS budget of $12.6 billion. The bill says a whopping $45.6 billion will be for enforcement, which is the main directive from Democrats to the IRS. Get bigger, tougher and faster at collecting. Reports suggest that the IRS will hire 87,000 new agents, and with more than $45 billion being shoveled into enforcement, change is coming. There isn’t a dollar amount fixed for … [Read more...] about IRS To Add 87,000 New Agents, More Crypto Tax Enforcement
Covid Saw An Exodus Of Over 50s From The Workforce
Share to Twitter Share to Linkedin I've written a few times about both the value of older workers and the need for society to change how we perceive older people. This is especially so given the widely documented skills shortages across the economy in recent years. It should be hugely worrying, therefore, that the Covid pandemic has seen huge numbers of older workers leaving the workforce. In the UK alone around 300,000 extra workers aged between 50 and 65 have been identified as economically inactive since the start of the pandemic. Economic inactivity A recent study from the University of Essex explores some of the possible impacts this economic inactivity could have on the economy. The analysis reveals that while it may seem intuitive to think that those leaving the workforce are those with more financial stability, it is actually those with middle to lower-middle incomes that tend to be leaving. Indeed, the biggest rise in economic inactivity … [Read more...] about Covid Saw An Exodus Of Over 50s From The Workforce
To Succeed In The Future Of Work, You Need To Continually Learn, Upskill, Take Courses In Tech And Find Coaches And Mentors
Share to Twitter Share to Linkedin When Zach Sims started Codecademy in 2011, he was searching for a way to make coding more accessible and easier for people to learn. Fast forward to 2022, the mission remains the same, but now learning tech skills is critical for people to keep pace with the fast-moving digital economy and not get left behind. We are in a bizarre unfamiliar job market characterized by the dual trends of a Great Resignation, which has 4 million people quitting their jobs on a near monthly basis, and a war for talent being brutally waged to attract, recruit and retain workers. To accomplish this goal, smart, progressive executives are offering upskilling, training and third-party education, mentoring and coaching. It's been proven in this economy that if an employee isn’t valued and offered additional assistance, in addition to compensation, they’ll leave for better opportunities. Since there are around 11 million jobs available, according … [Read more...] about To Succeed In The Future Of Work, You Need To Continually Learn, Upskill, Take Courses In Tech And Find Coaches And Mentors
Ignore The Debate Over Whether The Inflation Reduction Act Raises Taxes On Those Making $400,000 Or Less
Share to Twitter Share to Linkedin As Congress is about to pass the Inflation Reduction Act, Washington is once again having a breathless debate over very little. This one is about whether Democrats are violating President Biden’s pledge to not raise taxes on households making $400,000 or less annually. But here’s the secret: This is yet another ridiculous political argument. The Tax Policy Center analyzed the big climate, health, and tax bill three different ways. The bill is quite progressive every time. On average, the after-tax incomes of low- and moderate-income households either would go up a bit or not change in any measurable way. The average after-tax incomes of high-income people would decline. But on average, the vast majority of households will barely notice any tax change, one way or the other. Effectively zero tax change In one TPC analysis , average taxes of middle-income households would fall by $100. In another, they’d go up … [Read more...] about Ignore The Debate Over Whether The Inflation Reduction Act Raises Taxes On Those Making $400,000 Or Less
Mexico prepares to begin underground search for trapped miners
Rescue personnel take part in an operation attempting to reach 10 miners trapped in a flooded coal mine following a landslide, in the community of Agujita, Sabinas Municipality, Coahuila State, Mexico, on August 12, 2022. – Mexican authorities said on Friday they are in a position to enter the flooded coal mine where 10 workers have been trapped for more than a week. (Photo by Pedro PARDO / AFP) Agujita, Mexico — Mexican authorities said Friday they were finally in a position to begin searching a flooded coal mine where 10 workers have been trapped for more than a week, offering fresh hope to anguished relatives. Several hundred rescuers, including soldiers and military scuba divers, are taking part in efforts to save the miners missing since August 3 in the northern state of Coahuila. “We have all the conditions to go down there today… to search for and rescue” the miners, civil defense national coordinator Laura Velazquez said. On Thursday, rescuers had made several attempts … [Read more...] about Mexico prepares to begin underground search for trapped miners