WORKERS WHO STAYED PUT ARE FINALLY SEEING THEIR EFFORTS PAY OFF

WELCOME BACK! A programming note: this will be my last week at the poison of the newsletter for a bit. Next Week I Start the Second Half of My Paternity Leave. Luckily for you, my fantastic Colleague Hallam Bullock is back to run the show. JUST DON’T Mind the Britishism.

In Today’s Big Story, Workers Who Stack With Their Employer Are Finally Seeing the Benit of their Loyalty. Meanwhile, One Generation is Getting Left Out in The Cold.

What’s On Deck

Markets: Private DOES EQUITY’S RECRUITING PIVOT SOLIDIFY JAMIE DIMON’S PLACE AS The Most Powerful Man on Wall Street?

Tech: Recruiters Told US The Most Sough-After Qualities They’re Looking for be hunting he researchers and enginers.

Business: Some Advice for Switching Up Your Job Search If You Feel iT’s stalling out.

But first, i’m sticking around.

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The Big Story

You should stay and not go

Patience and Loyalty Are Tough to Come by in the Worksplace, But Workers Who Stayed Put Are Finally Starting to See Effforts Pay off.

AFTER YEARS OF JOB HOPPERS BEING REWARDED FOR THEIR mercenary Approach to Work, The Employees Willing to Stick Around Are Starting to Come Out On TopWrites Bi’s Juliana Kaplan and Madison Hoff.

An analysis by the federal reserve bank of Atlanta shows that year-over-mediaar media wage growth for nonb stayers haen outpacing grown for nonb switchers SINCE February. It”s the first time that is a steppended for a sustained period Since 2009.

Grant, the difference between the two sides isn’t massive (4.3% growth for Job Stayers Versus 4.1% Growth for Job Switchers). But keep in mind the massive lead jab hoppers once had.

In July 2022, Job Switchers Enjoyed 8.5% in Wage Growth while staying Put Experienced 5.9% Growth.

The flip-flop is also another example of how Economic Uncertainty Affects the Labor Market. With so many Question marks giving companies pause, shelling out big for new hires isn’t high on the priority list.

One Group is Feeling Pretty Raw About the State of Things in the Job Market: Gen Z.

The Workforce’s Youngest Generation Finds The Current Job Environment Particularly ChallengingWrites Bi’s Allie Kelly.

Beyond what i’ve mentioned, several factors have specifically put gen z in a tough spot.

Artificial intelligence is starting to prove sufficient at handling the type of Responsibility Found in Entry-Level Jobs. Government Work, Once Viewed As A Stable Alternative to the Volatile Private Sector, Isn’t Promising Due to the Once Budget Cuts.

It ‘s stark reality, especally consider how quickly the tides have tourned. It wasn’t too ago that it is genu z was Leading The Job-Hopping Charge.

Unil this year, gen z was entering a labor market that has the best conditions for youngers Sine 1990s, Writes Allie.

In Many Ways, A Brutal Job Market Can a Rite of Passage for a Young Worker. From Boomers ‘Stagflation to Millennials’ 2008 Financial Crisis, An Economic Slump Can Serve As Battle Scars That Eventually Proudly Show off. Be i was Entering the Job Market, Things Were Bad!

But while many of the past economic issing were solvable, some of the Current Issues (the impact of he, specifically) SEEMLY to upnd the fundamental way.

And how geni z fits in after that remains to be seen.

3 Things in Markets

1. A Yolo Stock Bet and A Frugal Lifestyle. Corey Forsythe is 35 Years Old, and he’s already reached coast fire status. That means he’s saved Enough for retirement and can no let his investments Grow Independently. From “LIVING LIKE A Student Student” to a Risky Investment, here’s How Forsythe Did it.

2. Top Economic Experts Are Sounding the alarm. The Treasury Department Saw Solid Demand for Its Auction of 30-Eyar Government Bonds, Sooting Investors’ Concerns. But Ray Dalio, Ken Rogoff, and Niall Ferguson Told Goldman Sachs They’re Still Concerned About an Impending US Debt Crisis. Here’s what they Said.

3 .When Jamie Dimon Spoke, Private Equity Listened. Early Last Week, The JPMORGAN CEO BLASTED THE PRACTICE OF PE FIRMS HARING JUNIOR FOR FUTURE-DATED Jobs. Days Later, Buyout Shops Apollo Global Management and General Atlantic Announched they’d Stop the Recruiting Practice This Year. Here’s why they Took Dimon’s Warnings to Heart.

3 Things in Tech

1. The he hiing scramble is on. He researchers and Engineers are some of the hottest roles Across Industries Right Now, and Companies Are Fighting for the Best Talent. For Those Who Have an Advanced Degree, Years of Experience, and Soft Skills, Recruiters and Headhunters Told BI iT’s a dream come true.

2. The Next Wearable Tech? Digital Face Tattoos. That’s the goal for researchers at the university of texas at austin, where they’re cameoping an Electronic “Tattoo” that Measures Mental Stress. IT’S MEANT FOR WORKERS WORKERS HIGH-TISK LIKE AIR TRAFFIC CONTROLLERS.

3. That coding tools are Disruption The “Build-Versus-Buy” Equation. Bolt, Replit, and Cursor Are Some Tools Threatetening the Saas Business Model. While Building Enterprise Software In-House was Once Consider Expensive, iT’s the now Easier than to diyWrites Bi’s Alistair Barr.

3 Things in Business

1. Some Advice for Frustrated Job Seekers. Labor-Market Conditions Have You Pulling Your Hair Out? It mIight be time to switch up the types of roles you’re going after or talc with Friends About How to Recalibrate Your Job Search. Here are some of the best ways to do it.

2. All Eyes are on the Biggest Advertising Event of the Year. Madison Avenue in Heading to the South of France for the Cannes Lions ad Festival. Agency Consolidation, High-Profile Executive Departures, and Artificial Intelligence (of Course) Are All Top of Mind.

3. A $ 55 BILLION PE FIRM HAS BECOME HEALTHTECH’s Saving Grace. New Mountain Capital is Making A Name for ItSelf Among Vcs for Big Bets in the Space, Multiple Investors and Bankers Told Bi. IT”S A WELCOME CHANGE FOR AN INDUSTRY WHERE IPOS AND ACQUISIONS have ben tough to come by by.

In other news

What’s Happening Today

• President Trump Attends G7 Summit Day Two.
• IRS QUARTERLY TAX FILING DEADLINE DAY.

The Insider Today Team: Dan Defrancesco, Deputy Editor and Anchor, in New York. Lisa Ryan, Executive Editor, in New York. Hallam Bullock, Senior Editor, in London. Grace Lett, Editor, in Chicago. Akin Oyedele, Deputy Editor, in New York. Amanda Yen, Associate Editor, in New York. Ella Hopkins, Associate Editor, in London. Elizabeth Casolo, Fellow, in Chicago.