Money

Millennials are ditching lucrative tech roles for meaningful careers

Published

2 years ago

September 20, 2023

ticker NEWS

Millennials in the tech industry are bidding adieu to their six-figure jobs in pursuit of more fulfilling careers.

This shift signifies a profound transformation in the values and priorities of the younger generation, challenging the conventional wisdom that high-paying tech jobs are the ultimate career goal.

The tech industry has long been synonymous with substantial paychecks and enviable perks, attracting a substantial portion of the millennial workforce. However, an increasing number of millennials are now trading their plush corporate offices for opportunities that align better with their personal values and passions.

One of the primary factors driving this migration is the pursuit of purpose. Millennials are seeking roles that allow them to make a tangible impact on the world, whether it’s through environmental conservation, social justice, or community development. Many are joining startups or nonprofit organizations that offer them a chance to contribute meaningfully to causes they care deeply about.

Life balance

Work-life balance is another pivotal factor. The demanding nature of tech roles often leads to burnout and a lack of time for personal life and hobbies. Millennials are increasingly valuing their well-being and opting for careers that allow for more flexible schedules and a healthier work-life balance.

Moreover, concerns about the ethics and societal implications of tech work are prompting some millennials to reevaluate their career choices. Issues like data privacy, algorithmic biases, and the negative impact of certain technologies on society are leading them to seek alternative paths that align with their moral compass.

As millennials continue to reshape the workforce, industries and employers may need to adapt to cater to their evolving career aspirations. It remains to be seen whether this shift will lead to a more purpose-driven and balanced work environment in the tech sector.

Money

Markets surge as Fed hints at July cut

Fed’s Waller hints at July rate cut, boosting investor sentiment; Trump imposes 50% tariff on Brazil, provoking minimal market response.

Published

13 hours ago

July 11, 2025

ticker NEWS

Fed’s Waller hints at July rate cut, boosting investor sentiment; Trump imposes 50% tariff on Brazil, provoking minimal market response.

Fed Governor Christopher Waller, tipped as a possible next Chair, signalled a July rate cut is on the table, calling current policy “too tight.” That’s been enough to supercharge investor sentiment.

Meanwhile, Trump has slapped a surprise 50% tariff on Brazil, sparking political tension. Brazil’s President responded with tough talk on “sovereignty,” but markets barely blinked, the Brazilian real dropped just 1%.

#StockMarket #FederalReserve #Bitcoin #AUD #TrumpTariffs #TickerNews

Money

Trump’s copper tariff shakes global markets

Trump’s 50% copper import tariff aims to strengthen U.S. manufacturing, impacting global supply chains and Chile significantly.

Published

2 days ago

July 10, 2025

ticker NEWS

Trump’s 50% copper import tariff aims to strengthen U.S. manufacturing, impacting global supply chains and Chile significantly.

President Donald Trump has unveiled plans to impose a 50% tariff on copper imports, a move set to rattle global supply chains and redraw the industrial map.

The tariff will hit within weeks, with Chile, the world’s largest copper exporter, expected to bear the brunt.

While Australia’s direct copper trade with the US is limited, analysts say the real message is strategic: the US is reinforcing its domestic manufacturing power.

#CopperTariff #DonaldTrump #TradeWar #GlobalMarkets #TickerNews

Money

RBA unexpectedly keeps interest rates steady at 3.85%

RBA surprises with decision to maintain interest rates at 3.85%, impacting economic forecasts and housing market activity.

Published

3 days ago

July 8, 2025

Ahron Young

RBA surprises with decision to maintain interest rates at 3.85%, impacting economic forecasts and housing market activity.

In Short:
The Reserve Bank of Australia has kept its cash rate at 3.85% despite concerns from the Housing Industry Association about its impact on new home construction. Although inflation is within target and there’s some market confidence, households are under financial strain amidst economic uncertainties.

The Reserve Bank of Australia has decided to maintain the cash rate at 3.85% following a split vote of six to three. This unexpected decision comes as the Housing Industry Association warns that these rates remain restrictive, potentially hindering new home building.

Senior economist Tom Devitt stated that the rates will delay necessary building activity but noted improved market confidence following previous rate cuts.

Current inflation data shows the RBA’s preferred measure has been declining and remains within the target range. However, household spending is under strain, with Australia experiencing a per capita recession since mid-2022.

Labour costs

The RBA’s decision was influenced by concerns over productivity growth and high unit labour costs, affecting its inflation outlook. While some economists anticipated a rate cut, the RBA opted for caution due to economic uncertainties, both domestically and internationally.

The bank acknowledged gradual recovery in private demand and household incomes but highlighted ongoing challenges in passing cost increases to final prices.

Despite the hold on rates, price rises in essentials like petrol continue to impact Australian households. The RBA emphasized the need for ongoing assessment before making future rate changes, suggesting a careful approach in response to evolving economic conditions.