by Tyler Durden
Tuesday, May 11, 2021 - 05:45 AM
It looks like the hiring (and retention) shortage isn t just for rank-and-file minimum wage jobs.
UBS has now said that, amidst historic competition and a retention crisis in the investment banking world (which we noted weeks ago), it is going to pay a one time $40,000 bonus to its global banking analysts when they are promoted. This is double what some of the bank s competitors are offering.
It s part of a push for lenders to reward and retain younger employees weighed down by a surge in business and a prolonged work-from-home grind, according to BNN Bloomberg.
A Universal Basic Income - Coming Soon to a Nation Near You
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OPINION: Un giro a la Alcaldía de Nueva York
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Elon Musk, SNL, and the Purpose of Life
Gregory Hood, American Renaissance, May 7, 2021
Credit Image: © Hannibal Hanschke/DDP via ZUMA Press
Why do they hate Elon Musk? The head of Tesla and SpaceX should be a progressive hero.
Leftists lecture us about “climate change” and why we need a Green New Deal. One group, Extinction Rebellion, warns of “mass extinction” unless there is revolution.
The Guardian says some parents regret having children because of “climate change.”
Elon Musk’s electric vehicle company Tesla should thrill progressives who worry about the planet. President Obama toured SpaceX HQ with Mr. Musk, and he’s hardly a conservative. Mr. Musk endorsed Democrat Andrew Yang in the 2020 presidential campaign and supports a Universal Basic Income. Republicans don’t hate him, either. Democrats and Republicans support him at about equal rates, which is rare in a partisan age.
Montana Is First State To Cancel Unemployment Benefits In Response To Unprecedented Worker Shortage
Published: May 6, 2021
Three weeks ago, when looking at the unprecedented labor shortage that is crippling the US economy (even with some 100 million Americans not in the labor force).
.we said that there is a simple reason for this paradoxical phenomenon:
trillions in Biden stimulus are now incentivizing potential workers not to seek gainful employment, but to sit back and collect the next stimmy check for doing absolutely nothing in what is becoming the world s greatest under the radar experiment in Universal Basic Income.
Consider the following striking anecdotes from Bloomberg: