Latest news with #ClarifyCapitol
Fast Company
6 days ago
- Business
- Fast Company
These are some of the biggest financial regrets Americans have about their jobs
When asked, Americans express plenty of financial regret, such as making big, impulsive purchases and spending too much to keep up with higher earners. According to a new Clarify Capitol survey of more than 1,000 Americans (including boomers, Gen Xers, millennials, and Gen Zers), they also have deep regret over not investing earlier. Forty-three percent pointed to that oversight as their biggest financial failure. Following closely behind, 38% said they regret overspending, which ended up costing them about $63,000 in net worth. One in three said they overspent simply to 'keep up with the Joneses.' However, it's not just irresponsible spending that haunts Americans. They have regret about the financial choices they made on the job, too. Ten percent said that not negotiating a higher salary was their biggest financial regret. According to the report, the failure to negotiate with an employer ends up costing an estimated $78,000 of income. Likewise, working Americans also said they regretted quitting their job without a backup plan. One in 10 said they wished they had figured out their next move before giving their notice. According to a 2024 Pew Research Center study, one of the biggest reasons for dissatisfaction among workers is how much they're (not) being paid. Eighty percent said their pay has not kept up with increases in the cost of living, and 71% said their pay was too low for the quality of work they produce. Seventy percent said their pay is too low for the amount of work they do. Given how unhappy so many workers are with their pay, leaving a job can be the right move—as long as you have new employment lined up. Just make sure you negotiate your salary to avoid feeling regret down the line.
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."
