Thesocialtalks

Boeing plans to cut approximately 17,000 jobs, representing 10% of its workforce, as it faces deepening financial losses amid a factory strike. The company will also delay the launch of its 777X wide-body plane to 2026, due to development setbacks. The strike, now in its fifth week, involves over 30,000 machinists, and tensions between Boeing and the union have escalated, with Boeing filing an unfair labor practice charge. Boeing's financial difficulties include a projected third-quarter loss of nearly $10 per share, alongside expected pretax charges of $3 billion for its commercial aircraft division and $2 billion for its defense sector. Additionally, Boeing plans to cease production of the 767 freighters by 2027 after completing current orders. CEO Kelly Ortberg, only two months into his role, emphasized the tough decisions required to navigate the challenges ahead. Boeing’s struggles, worsened by the strike, have raised concerns among credit rating agencies about the company's financial stability, with Boeing reportedly losing over $1 billion per month due to the strike. The machinists union previously rejected a tentative agreement with Boeing, further complicating negotiations. The job cuts and production delays come as Boeing and its suppliers have been working to recover from the pandemic's impact on demand. #thesocialtalks #boeing #airplane #airforce #airline #strike #boycotting #boycott #quarter #commercial #jobstrike #jobsearch #layoffs #laidoff #delay #tax

Middle-class jobs, which typically pay between $40,000 to over $100,000 annually, are projected to shrink over the next decade, according to the Bureau of Labor Statistics (BLS). Factors such as artificial intelligence, automation, and shifting consumer habits are contributing to the decline. More than 600,000 jobs could be lost by 2033, particularly in occupations that generally require only a high school diploma. These jobs include roles like clerks handling office tasks, with clerical positions expected to see a 6% decline, continuing a trend driven by technology. Even once-promising careers, such as computer programming, are forecast to decrease by 10%, as automation increases coders' efficiency, reducing the need for workers. On the other hand, fields like software development are expected to grow, with over 300,000 new jobs projected. The shift highlights a growing divide in the job market, with higher-paying roles increasingly requiring postsecondary education or specialized training. Many middle-class jobs of the future will demand credentials such as bachelor's degrees, associate degrees, or technical certificates, especially in sectors like semiconductor manufacturing, which benefit from government initiatives like the CHIPS and Science Act. While some blue-collar jobs in transportation and construction will still be accessible to high school graduates, securing a stable, well-paying job is likely to become harder without additional education. Despite debates over the value of a college degree, experts like Nicole Smith from Georgetown University emphasize the importance of acquiring new skills to adapt to a rapidly evolving job market. #wages #middleclass #job #jobindustry #bluecollar #careergoals #jobgoals #jobmarket #market #data #datascience #statistics #manufacturing #bureauoflabor #bureaulaborofstatistics #thesocialtalks

In the 2024 U.S. presidential election, immigration is a key issue for Donald Trump and his supporters, who argue that immigrants take jobs from U.S.-born workers. However, many labor economists dispute this claim, stating that immigrants generally benefit the economy and job market. Research suggests that immigrants not only take jobs but also create new ones by starting businesses and spending within local economies. For instance, a report by the National Bureau of Economic Research found that immigrants are 80% more likely than U.S.-born workers to become entrepreneurs. Additionally, the Congressional Budget Office predicts that recent immigration will add $8.9 trillion to the U.S. GDP over the next decade. While some economists acknowledge that immigration might lower wages for U.S.-born workers without high school diplomas in the short term, most research shows that immigration has little to no impact on wages or job availability for the majority of American workers. Immigrants and native workers often complement each other in the labor market, with native workers typically moving into higher-paying roles as immigrants fill lower-skilled jobs. For example, immigrant workers may take on manual or entry-level positions, allowing U.S.-born workers to advance into supervisory or technical roles. The influx of immigrants also helped ease the tight labor market following the COVID-19 pandemic, addressing staffing shortages in industries like hospitality and reducing wage-driven inflation. Overall, the consensus among economists is that immigrants provide a net positive impact on the U.S. economy, with some debate remaining about the effects on specific low-skilled subgroups. #immigrant #immigrants #us #firstgeneration #jobmarket #jobindustry #immigration #economy #presidentelection #vote #economist #diploma #skills #careergoals #jobgoals #pandemic #thesocialtalks

A groundbreaking artificial intelligence (AI) tool is revolutionizing diabetes care in Bradford, helping patients avoid severe health complications. Developed by Bradford Teaching Hospitals NHS Trust in collaboration with the University of York, this innovative technology is tailored to address one of the highest diabetes rates in the UK, particularly in the Bradford and Craven district. The AI model assists clinicians in creating personalized treatment plans, including specific diets and exercise regimes, for each patient. This bespoke approach aims to mitigate risks associated with type 2 diabetes, such as high blood pressure and heart attacks. Researchers are optimistic about the tool's potential to deliver significant positive outcomes, especially for patients of South Asian heritage, who are at a higher risk of diabetes. Professor Tom Lawton, head of clinical AI at Bradford Teaching Hospitals, emphasized the critical role of early diagnosis and treatment in improving health outcomes. He highlighted the alarming prevalence of diabetes in Bradford, particularly in areas with a high South Asian population. This AI tool represents a significant advancement in personalized healthcare, offering hope for better management and prevention of diabetes complications. As the technology continues to evolve, it promises to transform lives by providing safer, more effective, and individualized care for diabetes patients. #AItoolfordiabetespatients #innovation #AI #UniversityofYork #bradfordteachinghospital #thesocialtalks

CNBC’s Jim Cramer views the stronger-than-expected September 2024 jobs report as a positive sign for both Main Street and Wall Street. With 254,000 jobs added and solid hourly wage gains, the report suggests that the U.S. economy remains robust despite concerns about a slowdown. Cramer believes this solid job growth will support corporate earnings, which in turn should boost the stock market. On Friday, all three major U.S. stock indexes traded higher after the jobs data was released. Cramer highlighted that the absence of stagflation—a scenario where low economic growth is paired with high inflation—is key to the stock market’s upward movement. As long as there’s no recession, Cramer expects stocks to continue rising. The jobs report follows the Federal Reserve’s recent half-percentage point rate cut, marking the beginning of its easing cycle. This shift comes after an aggressive series of rate hikes starting in March 2022 to control surging inflation, bringing rates to their highest levels in over two decades. While inflation has since moderated and the economy has cooled, the feared “hard landing” recession has not occurred. Cramer suggested that Friday’s jobs data points to a potential third economic outcome: “no landing,” where the economy and labor market continue to grow without experiencing a downturn. He speculated that with third-quarter earnings approaching, there may not be a shortfall in earnings due to the strong job growth, reinforcing the idea of a stable, healthy economy. #thesocialtalks #data #datascience #statistics #analysis #dataanalysis #job #jobmarket #stocks #stock #federalreserve #friday #jobsearch #economy #growth #jobgoals #careergoals

The digital creative industries in Kent are set to receive a significant boost as construction begins on a new hub at the Historic Dockyard Chatham. The University of Kent's Docking Station project, which received approval in January, has now secured an additional £300,000 in funding from the Colyer-Fergusson Charitable Trust. This grant aims to equip young people with new skills and provide access to careers in the digital creative sector. The Docking Station will be housed in the Grade II-listed Police Section House, a historic building that will be transformed into a state-of-the-art facility. This project will enable the Medway community to engage with immersive technologies such as virtual and augmented reality, opening up new opportunities for innovation and creativity. Professor Shane Weller, the university’s deputy vice-chancellor for research and innovation, expressed his enthusiasm for the project, highlighting its potential to benefit a diverse range of people and industries across Medway. He emphasized that the Docking Station will provide access to cutting-edge technologies and offer opportunities for participation in innovative creative projects. Medway Council has also recognized the importance of this initiative, describing it as a key component of the regeneration plans for the historic waterside site. The Docking Station is poised to become a central hub for digital creativity, fostering growth and development in the region's creative industries. #creativeindustryhub #universityofkent #innovation #science #technology #thesocialtalks

This explores the ongoing frustrations women face in balancing work and domestic responsibilities, reflecting a persistent gender imbalance even as they achieve parity in the workplace. Women aged 20-24 make up about 50% of total employment, indicating they work as much as men, yet they disproportionately handle household duties. Pop culture, exemplified by Taylor Swift's lyrics and viral TikTok trends, highlights this struggle, resonating with both millennials and Gen Z. Lines from Swift's song "I Can Do It With a Broken Heart" and a TikTok video about dating expectations illustrate the pressure on young women. The trend of becoming "tradwives," women embracing traditional gender roles, has emerged as some seek to step back from the workforce, driven by an overwhelming desire to escape the intense pace of modern professional life. However, many still face a heavier burden at home, attributed partly to the high costs of childcare, which have risen significantly. Meanwhile, men are increasingly dropping out of the workforce, particularly those aged 25-54. Many of these men, often referred to as NEETs (Not in Employment, Education, or Training), are leaving due to the lack of opportunities in the wake of industrial decline and changing labor dynamics. Despite advances, women experience pressure to prioritize their partners' careers, with 37% reporting they place their partners' careers above their own. This reflects cultural expectations and economic realities, indicating that while progress has been made, full equality remains elusive. #women #womensrights #workforce #workingwomen #gender #jobforce #domestic #genderroles #opportunity #workplace #genderequality #popculture #jobsearch #data #statistics #thesocialtalks

🚨 *Breaking News in Tech Antitrust* 🚨 A U.S. judge has ordered Google to revamp its mobile app ecosystem, providing Android users with more options for downloading apps and making in-app purchases. This decision follows a significant jury verdict from Epic Games, the creators of "Fortnite," who argued that Google has been monopolizing app access and payment methods on its Play Store. The ruling by U.S. District Judge James Donato in San Francisco is a major step towards fostering competition in the app market. The changes will allow Android apps to be available from rival sources, with a compliance committee established to oversee the implementation of these reforms. This decision is part of a broader trend of increased scrutiny over big tech companies. With similar cases underway regarding Google's dominance in web search and advertising technology, the implications of this ruling could reshape the future of how we access and pay for digital content. What are your thoughts on this ruling? Will it lead to more innovation and choice for consumers? Let’s discuss! 💬 #Antitrust #Google #EpicGames #MobileApps #Competition #TechNews #ThesocialTalks

September’s U.S. jobs report revealed an unexpected addition of 254,000 jobs, far surpassing predictions of 150,000 and showing a strong economy. Unemployment dropped to 4.1%, and markets reacted positively, erasing earlier losses in major indexes. Despite this, the report raises concerns about the Federal Reserve's upcoming rate decisions, with analysts suggesting a modest rate cut in November. Investors are now closely watching the next inflation reports, but the stronger-than-expected job growth signals that a recession is less likely for now. #jobreport #september #jobgrowth #federalreserve #unemployment #layoff #laidoff #layoffs #september #signal #jobindustry #obsearch #data #statistics #2024 #analysist #thesocialtalks

Rachel Hayden, a civil engineer from Jersey, has recently been honored with the prestigious Institution of Civil Engineers (ICE) South West STEM Ambassador of the Year 2024 award. This accolade recognizes her exceptional efforts in promoting careers in civil engineering to young people. Since becoming an ICE ambassador in 2017, Ms. Hayden has dedicated herself to inspiring the next generation by promoting science, technology, engineering, and mathematics (STEM) to over 29,000 students across the South West. Ms. Hayden's commitment to her profession is evident in her daily work, where she takes pride in projects that improve people's lives. Rachel Hayden's story is a testament to the power of mentorship and the profound impact that dedicated professionals can have on the future of their industry. Her achievements not only celebrate her personal success but also underscore the importance of inspiring the next generation to pursue careers that build and shape our world. #rachelhayden #stem #womeninstem #thesocialtalks