Finance reporting never ceases to read like it's written by sociopaths.
The core of this piece is sound enough: if the US keeps interest rates high while other major markets are easing, investors will leverage the disparity by investing money borrowed from low-interest countries in the US. This surfeit of external cash will then boost US inflation.
But when you end up writing about job growth as a bad thing because it might keep interest rates high? #YouMightBeTheBadGuy
https://www.businessinsider.com/america-economy-recession-stock-market-crash-inflation-interest-rates-2024-6
"The board promised Mr. Musk — at his urging — that if he made the board and the shareholders truly wealthy by boosting the stock price, by whatever means, he could have 12 percent of the company. Yet I believe this pay package helped drive his descent from visionary business leader to bizarre carnival barker. And that set of incentives and responses should not be validated."
https://www.nytimes.com/2024/06/11/opinion/tesla-elon-musk-pay.html
@MLClark #Ikea Here's the original #Bloomberg article if you can get past the paywall.
https://www.bloomberg.com/news/features/2024-06-11/how-ikea-keeps-its-store-workers-from-quitting
@MLClark And then there's this bright light from #Ikea:
*****
In trying to fix its quitting problem, Ikea went full-steam ahead in addressing the most important issues to workers, Ring told the outlet, including better pay, more flexibility for employees, and integrating new technologies to make employees' jobs easier.
It paid off: Ikea's global quit rate fell from 22.4% in August 2022 to 17.5% in April 2024, Bloomberg reported.
https://www.msn.com/en-ie/money/companies/ikea-was-losing-60-000-employees-a-year-here-s-how-the-retailer-worked-to-fix-its-staff-turnover-problem/ar-BB1o3nNC