Latest news with #9innings
Miami Herald
23-05-2025
- Business
- Miami Herald
Study Of 73 College Degrees Finds Which Lead To Six-Figure Salaries
College graduates who majored in STEM fields were most likely to go on to earn six-figure salaries, according to recent data from the Federal Reserve Bank of New York. Some Americans have grown increasingly disillusioned about whether college is worth the time and money, as tuition costs soar and many graduates are left saddled with ballooning student debt. But despite the costs, research has shown that having a degree can significantly increase earning potential and college graduates can use their degrees to earn high salaries if they choose the right major. The New York Fed studied the median early and mid-career salaries of graduates across 73 college majors. The majors that led to the highest salaries include computer science, computer engineering, aerospace engineering and chemical engineering, where the median early-career annual salary is above $80,000 a year, according to the data. By the time those graduates are mid-career, their median salaries climb to more than $115,000 annually. But it's not just those who with computer science and engineering degrees who can earn six-figure salaries. The data shows that those who majored in economics and finance earn a median salary of $110,000 by mid-career, while those with degrees in physics, mathematics, international affairs and business analytics earn a median salary of $100,000. On the other end of the spectrum, degrees in education are the lowest-paying. Those who majored in early childhood education earn the least by the mid-career, with a median salary of $49,000. The best-paying college majors for early-career earnings are: Computer science-$80,000 Computer engineering-$80,000 Chemical engineering-$80,000 Electrical engineering-$78,000 Industrial engineering-$76,000 Aerospace engineering-$76,000 Mechanical engineering-$75,000 Civil engineering-$71,000 Physics-$70,000 Miscellaneous engineering-$70,000 The best-paying degrees for mid-career earnings are: Aerospace engineering-$125,000 Computer engineering-$122,000 Electrical engineering-$120,000 Chemical engineering-$120,000 Mechanical engineering-$115,000 Computer science-$115,000 Finance-$110,000 Economics-$110,000 Miscellaneous engineering-$108,000 Industrial engineering-$108,000 Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, previously told Newsweek: "It's all about demand. Engineering, computer science, and business salaries are rising because the market warrants it. On the flip side, majors like Social Sciences and Communications saw some of the biggest pay drops. That probably points to oversupply. The job market moves in cycles, and right now, it's rewarding skills tied directly to production, innovation, and scale." Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, previously told Newsweek that engineering and computer science "have been fields that have been in expansion mode for the better part of two decades. As such, jobs tend to be more plentiful with a limited talent pool, causing salaries to increase over time." Students wanting to maximize their earning potential could increasingly pursue degrees in STEM fields, while those pursuing degrees in subjects that lead to lower-paying jobs may need to pursue additional skills and qualifications to earn higher salaries. But in some fields, a college degree may not be needed to earn a good salary. Some companies are dropping requirements for a degree, prioritizing skills and experience over education when hiring. Related Articles Gen Z, Alpha Embrace Trade Schools More as They Sour on CollegeThe Good Life: A Tough, but Promising Path Ahead for College GradsCollege Students Want Their Money Back After Professor Caught Using ChatGPTBryan Kohberger Trial Update as Judge Lays Out Guidelines 2025 NEWSWEEK DIGITAL LLC.
Newsweek
22-05-2025
- Business
- Newsweek
Trump's Immigration Crackdown Already Causing Hiring Issues for Businesses
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Businesses are already feeling the hit from President Donald Trump's immigration crackdown. In a new report from Clarify Capitol, one in five business owners said they've lost employees due to deportations, visa denials or ICE raids in the past year. Why It Matters Trump based his presidency on the promise that he would significantly cut down illegal immigration into the United States. The Trump administration told Newsweek in April that more than 100,000 illegal migrants had been deported since the president took office in January. This is a small proportion of the total number of migrants living in the U.S. illegally, which the DHS predicted was 11 million as of January 2022. What To Know Roughly 20 percent of business owners have lost employees due to deportations, visa denials or ICE raids in the last year, according to the Clarify Capitol report. The study was based on responses from more than 1,000 business owners. This can translate into financial troubles for companies, as 69 percent of small businesses say they've lost customers due to the immigration crackdowns. Nearly half of small businesses said they are relocating or considering moving to states with less strict immigration policies. The report also found that 72 percent of small business owners have shut down locations, reduced hours or delayed expansion due to hiring struggles. (L) President Donald Trump and House Speaker Mike Johnson speak to the press following a meeting at the U.S. Capitol on May 20, 2025. (L) President Donald Trump and House Speaker Mike Johnson speak to the press following a meeting at the U.S. Capitol on May 20, immigration crackdowns are most likely to affect the agriculture, hospitality, and tech industries, with some analysts saying they could have long-standing effects. "Immigrants are not faceless entities, HR consultant Bryan Driscoll told Newsweek. "They're our neighbors, colleagues, and friends. They contribute immensely to industries like agriculture, hospitality, and technology." What People Are Saying Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, told Newsweek: "The reality is, the big names on Wall Street aren't the ones feeling the heat from these immigration crackdowns. It's the 99 percent, the small businesses that keep America running, that are getting hit hardest. These are the folks facing worker shortages, people not showing up for shifts, or walking away entirely out of fear of ICE raids or deportation, even when there's no real cause." HR consultant Bryan Driscoll told Newsweek: "Trump's aggressive immigration policies are political moves for sure, but they're also economic self-sabotage. Small businesses, the backbone of the economy, are bearing the brunt of these actions. These stats are a glaring indictment of policies that prioritize fear over economic stability." Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek: "There's little surprise to seeing some of these decking numbers, specifically in areas where immigration crackdowns have been more prevalent. Regardless of one's political stance on the issue, having more immigrants in communities provided an economic boost for businesses. Their sudden removal is going to sting for both employers looking for more employees and businesses needed additional revenue. Unfortunately, the result could be more job losses and store closures." What Happens Next The labor force could continue experiencing disruptions as a result of the higher rate of deportations, Driscoll said. "The long-term consequences of these terrible, failed policies will result—and already are resulting—in a diminished labor force, stunted economic growth, and a tarnished national image. Immigrants are integral to our communities and economies. Policies should reflect that reality, fostering inclusion rather than division." Thompson said consumers might see higher prices as a result of the immigration deportations. "When labor dries up, you've got to pay more to get the same work done. Whether it's picking vegetables, framing houses, or running a kitchen, that cost gets passed on. So yes, expect rising food prices and inflation in labor-heavy industries. That's the ripple effect no one's talking about enough."
Newsweek
28-04-2025
- Business
- Newsweek
US Postal Service Changes Mail Prices for This Summer
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The United States Post Office (USPS) recently said it is updating its mail prices this summer. Why It Matters The agency serves nearly 169 million addresses in the U.S., delivering more mail and packages than any other postal service in the world, according to the USPS website. However, it has lost more than $100 billion since 2007, including $9.5 billion in the 12 months ending September 30, 2024. These profit losses have caused the agency to switch up its pricing and packaging policies under the Trump administration as a way to reduce financial costs. What To Know The USPS filed notice of its upcoming price changes and mailing standards on April 9. The updates include pricing structures and some product offerings. The new rates will cause Americans to see a 5-cent increase in the price of a First-Class Mail Forever stamp from 73 cents to 78 cents. Some of the changes concern mail preparation and bundling, but Americans will also see the USPS get rid of its marketing mail commercial and nonprofit automation basic carrier route categories. This is because the USPS doesn't gain any cost savings from these route letter group pricing. The USPS is also proposing to remove Bound Printed Matter from the market-dominant product list. Flats would move to USPS Marketing Mail, and a new "Heavy Printed Matter" category would be introduced for parcels weighing up to 15 pounds. All of the updates go into effect July 13. Altogether, the proposed changes call for mailing services product prices to rise by approximately 7.4 percent. These changes are intended to help modernize the USPS, simplify its mailing standards, and better align pricing with service costs, experts say, but it's also an effort to run the federal service more like a business. A United States Post Office Distribution Center is seen on March 23 in Washington, D.C. A United States Post Office Distribution Center is seen on March 23 in Washington, People Are Saying Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, told Newsweek: "In reality, the government is trying to reduce USPS's ongoing losses and run it more like a business. Yet, as we know, the government's role should primarily be to step into markets where private enterprise fails, and USPS still delivers mail to areas that others can't reach at a reduced cost." Alex Beene, a financial literacy instructor at the University of Tennessee at Martin, told Newsweek: "The proposed changes for postage stamps to have another 5-cent price increase marks just the most recent in a series of price jumps over the last four years. USPS continues to try to make their business model more sustainable after years of being a huge money-loser to the tune of billions of dollars. These potential price increases combined with more efficient technology efforts to modernize deliveries will look to narrow losses and hopefully - in time - make the postal service a more profitable venture." What Happens Next? Thompson said the changes are part of the Trump administration's attempts to make the USPS more efficient and cost-effective. "Viewing the nation more through a business lens, this could lead to fewer mailing options by eliminating certain rate categories, potentially higher prices, and at the same time, more efficiency through simplified mail preparation, new discounts, and incentives for businesses adapting to a changing environment," Thompson said. "Cost may rise on the end consumer, but the hope is that efficiencies follow." President Donald Trump has previously signaled his support for privatizing the USPS. Commenting on possible privatization a few months ago, Trump said "it's an idea that a lot of people have liked for a long time." Trump adviser Elon Musk has also said he would support bringing the postal service out of public control. The president has also floated the idea of bringing the independent federal agency under the control of the Commerce Department.
Newsweek
28-04-2025
- Business
- Newsweek
Employees Have a New Fear: Immigration Raids
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. As President Donald Trump enforces a crackdown on immigration, many employees have fears about what this will entail for the workforce. In a new survey, three in five workers said they were worried about workplace immigration raids, and companies may need to rethink their policies on these issues moving forward. Why It Matters Trump is set to sign an executive order Monday that would create a list of targeted sanctuary cities that are believed not to be complying with federal immigration laws. The Trump administration has already deported 100,000 undocumented immigrants as of earlier in April, and Trump has also ramped up security at the United States-Mexico border. What To Know HR data company Brightmine's new survey revealed significant concerns among employees about how Trump's policies will extend into the workplace. Three in five workers in the 2,000-person survey said they were worried about immigration raids, and only 26 percent of employees said they trust their employer to be completely transparent. Younger workers tend to have more concerns over the possibility of workplace raids, the report found. Of the surveyed group, 23 percent of Gen Z respondents and 19 percent of millennials were anxious about the possibility of workplace raids and were looking to their employer for clear guidance and support. President Donald Trump holds a meeting with Norway's Prime Minister Jonas Gahr Støre (not pictured) at the White House on April 24, 2025. President Donald Trump holds a meeting with Norway's Prime Minister Jonas Gahr Støre (not pictured) at the White House on April 24, policy changes could force HR leaders to make considerable changes to how they approach recruiting new talent. Around 36 percent of U.S. workers said they are planning to or are considering leaving their jobs this year due to workplace policy changes. Of that group, 21 percent said they'd clarify a company's stance on DEI during the job search. A new survey from the Associated Press and NORC Center for Public Affairs Research found roughly half of Americans say Trump has "gone too far" when it comes to deporting immigrants living in the U.S. illegally. Roughly one-third said Trump's approach has been "about right," and approximately 2 in 10 said he's not gone far enough. What People Are Saying White House press secretary Karoline Leavitt said Monday: "It's quite simple—obey the law, respect the law, and don't obstruct federal immigration officials and law enforcement officials when they are simply trying to remove public safety threats from our nation's communities." Kevin Thompson, the CEO of 9i Capital Group and the host of the 9innings podcast, told Newsweek: "There has been heightened awareness of raids occurring throughout the United States, especially at places of work. This has caused some to forgo work altogether in fear of being arrested either during transport or at their place of employment, even if they are a legal migrant with a green card or H-1B visa status." HR consultant Bryan Driscoll told Newsweek: "Workers aren't being paranoid—they're reacting to reality. We're 99 days into Trump's second term, and we've already seen U.S. citizens wrongfully detained and illegally removed from the country. The line between 'immigration enforcement' and 'civil rights violations' is nonexistent. That sends a brutal message: if you even look out of place, your rights are negotiable." Michael Ryan, a finance expert and the founder of told Newsweek: "What's particularly interesting is how this ties to retention. The survey found people are 'sheltering' in their current jobs despite concerns. This creates a challenging dynamic where workers might feel trapped where they don't fully trust leadership to be transparent about immigration issues." Avery Morgan, the chief human resources officer at EduBirdie, told Newsweek: "Companies should have a plan ready if immigration officials show up. Collaborate with legal counsel to create it. Choose who'll be in charge during such visits and make a list with step-by-step instructions for responding to ICE agents. "Employees need to feel safe discussing their concerns and accessing resources if needed. Whether those concerns are justified or not, companies must be prepared to respond accordingly." What Happens Next While the Trump administration initially said it would only be targeting undocumented immigrants with a criminal history, the administration has appeared to shift its language to focusing generally on all immigrants living in the U.S. illegally. "As a result, companies and workforces will have to adapt. As the labor force shrinks and demand remains high, businesses will likely be forced to pay higher wages, and in turn, pass those higher costs onto consumers," Thompson said. Driscoll said businesses will need to work to build trust among employees with transparent policies, clear communication and even legal action. "Companies can't hide behind ignorance anymore. If you're not actively preparing to protect your workers with real policies, clear communication, and public accountability, you're complicit," Driscoll said. "Every person in this country should be terrified, because when the government stops caring about due process, nobody's citizenship papers are enough to keep them safe."
