Money

SF & DC logs most work hours. Millennials want work-me balance

Curated by CLAI

WORKING TOO MUCH? No big city in this country works as hard—or at least as many hours per week on average—as San Francisco, where people log more than 44 hours at the office each week. People in Washington D.C. and Charlotte work the second longest work weeks, tied at 43.5 hours, followed by several cities in Texas.

Meanwhile, New York City, the city that supposedly never sleeps, ranks 12th on the list, at 42.5 hours per week. However, people living in the Big Apple spend more than 6 hours each week heading to and from work, nearly an hour more than that endured by dwellers of any other large city.

Cities Where People Work the Most (New York City Comptroller, WAPO)

Cities Where People Work the Most (New York City Comptroller, WAPO)

WHAT MILLENIALS AROUND THE WORLD WANT FROM WORK…

  • BECOMING A LEADERS: Millennials are interested in becoming leaders — for different reasons. This ranged from 8% in Japan to 63% in India. Half of respondents from Central/Eastern Europe chose high future earnings as a reason to pursue leadership, while only 17% of Africans did. African Millennials seemed to care most about gaining opportunities to coach and mentor others (46%).
  • MANAGERS: in North America, Western Europe, and Africa, at least 40% of respondents said they wanted managers who “empower their employees.” Yet only about 12% of Millennials in Central/Eastern Europe and the Middle East chose that quality, instead technical expertise is the top pick.
  • WORK-LIFE BALANCE: Millennials strive for work-life balance, but this tends to mean work-me balance, not work-family balance. The dominant definition was “enough leisure time for my private life” (57%). Nearly half of respondents in every region said they would give up a well-paid and prestigious job to gain better work-life balance. Central/Eastern Europe was the exception, as 42% said they would not.
How Millennials Prioritize Life by Continent (HBR)

How Millennials Prioritize Life by Continent

 

It’s the things that scare you the most that you have to do

Curated by CLAI

Income Ladder Depending on Where You Live: Climbing the income ladder occurs less often in the Southeast and industrial Midwest with the odds notably low in Atlanta, Charlotte, Memphis, Raleigh, Indianapolis, Cincinnati and Columbus. Some of the highest rates occur in the Northeast, Great Plains and West, including in New York, Boston, Salt Lake City, Pittsburgh, Seattle and large swaths of California and Minnesota.

Chances of Ending Up in the Top Fifth, For a Child (NYTIMES)

Chances of Ending Up in the Top Fifth, For a Child (NYTIMES)

Remarkable People on their Careers: “It’s the things that scare you the most that you have to do.” – Ruth Reichl

Save on 2015 Travel and French Kiss Up to 5 Times

Curated by CLAI

8 WAYS TO SAVE ON TRAVEL IN 2015: The Russian ruble is tanking (as of late December, a dollar will get you 94% more than it did a year ago). Here are some other countries where you would get at least 13% more cash for your cash if you arrived there right now: Argentina (31%), Chile (16%), Mongolia (15%), Israel (13%) and — yes — Sweden (16%) and Norway (21%).

It was also a bad year for the euro, which means right now is a good time to go to Europe: You would receive about 10% more for your dollar in countries from Portugal to Slovakia.

French Kisses: When You Greet a Friend, How Many Times Do You Kiss? (Bill Rankin, radicalcartography.net)

French Kisses: When You Greet a Friend, How Many Times Do You Kiss? (Bill Rankin, radicalcartography.net)

FRENCH KISS: Most French two or four kisses, with three kisses popular in the South. 18% of Corsica go for five kisses!

Wealfies & Fake Brand Names

Curated by CLAI

WEALFIES: Wealfies are selfies taken in a luxury context that confirm one has money, status and social currency. The paradigmatic wealfie is the image you take of yourself getting on or off a private jet, possibly on your way to New Year’s Eve in Morocco or Anguilla.

But to the extent that people so closely identify with the things that they buy and receive, the picture shot of the Hermès or Chanel or Prada gift “unboxed” and then posted on Instagram is another kind of wealfie. Of course, there are so many ways to broadcast status these days.

Read more: The Season of the Wealfie (NYTIMES)

Chrisdien Deny

Chrisdien Deny (Gilles Sabrie, NYTIMES)

FANCY BRANDS WITH FANCY GIBBERISH NAMES: Eager to glaze their products with the sheen of international sophistication, many homegrown retail brands have hit upon a similar formula: Choose a non-Chinese name that gives the impression of being foreign. Some Chinese appear loath to spend their disposable income on locally produced fashions.

  • Chrisdien Deny, a retail chain with more than 500 locations across China, sells belts, shoes and clothing with an “Italian style” — and a logo with the same font as Christian Dior’s.
  • Helen Keller, named for the deaf-blind American humanitarian, offers trendy sunglasses and classic spectacles at over 80 stores, with the motto “you see the world, the world sees you.”
  • Frognie Zila, a clothing brand sold in 120 stores in China, boasts that its “international” selection is “one of the first choices of successful politicians and businessmen” and features pictures on its website of the Leaning Tower of Pisa and Venetian canals.
  • Other apparel brands include Wanko, Hotwind, Scat, Orgee and Marisfrolg (the L is silent)and Biemlfdlkk.

Read more: Adidos and Hotwind? In China, Brands Adopt Names to Project Foreign Flair (NYTIMES)

Work Hard, Get Rich? Fewer Men Working

Curated by CLAI

WORK HARD, GET RICH? The number of people who believe you can start off poor and get rich has steadily declined.

  • In 2005, 80% said it was possible.
  • By 2011 it was at 75% and dropped to 71% in July 2012.
  • In 2014, almost 48% of all Americans said they expected life for “future generations” to be “worse than life today,” while 22% said it would be better. Another 27% said life would be about the same.

Read more: Work hard, get rich? Maybe not anymore (Washington Post)

Vanishing male worker

Vanishing male worker (NYTIMES)

VANISHING MALE WORKER: Working, in America, is in decline. The share of prime-age men — those 25 to 54 years old — who are not working has more than tripled since the late 1960s, to 16%.

  • Deep changes in American society have made it easier for them to live without working: the availability of federal disability benefits; the decline of marriage, which means fewer men provide for children; and the rise of the Internet, which has reduced the isolation of unemployment.
  • It has become harder for men to find higher-paying jobs. Foreign competition and technological advances have eliminated many of the jobs in which high school graduates once could earn $40 an hour, or more.
  • The poll found that 85% of prime-age men without jobs do not have bachelor’s degrees. And 34% said they had criminal records, making it hard to find any work.

Read more: The Vanishing Male Worker: How America Fell Behind (New York Times)