FuniCom

Technology is part of our everyday lives and necessary for most societies to function. This increasing dependency has led to massive growth in the tech sector and, with it, a proliferation of high paying jobs. Following the industry’s recent struggles, those exorbitant salaries are now being scrutinized like never before. “What has happened in the last three to four years is the pay for the other non-Big Tech companies have gone up, and many of the startups are really upset because they can’t burn cash at those rates,” Ben Leong, a professor of computer science at the National University of Singapore, told CNBC. “The Big Tech companies will continue to pay what they used to pay – they always pay a lot,” he added. “I suspect the growth in the median pay will either stagnate or may even drop a little bit.” So, is the bubble bursting for tech workers? Watch the video above to find out more.

Americans are experiencing inflation at a rate not seen since the 1980s. Increased cost of goods and services are hitting the wallets of consumers. America’s central bank, the Federal Reserve, is poised to increase interest rates throughout 2022 to combat inflation by making it more expensive to borrow. In the last two years during the Covid-19 pandemic, the Federal Reserve has utilized a number of tools to control the United States economy. To prevent breakdowns during emergencies, the Federal Reserve, can inject cash into the financial sector. One way it does so is through the large-scale purchase of bonds. The central bank has racked up nearly $9 trillion in bonds to calm investors during past crises. The pace at which the Fed tightens monetary policy may create substantial market headwinds. Members of the Federal Reserve are debating how quickly to reduce the central bank’s portfolio of bonds, without starting a recession. In 2021, inflation rose at a rate not seen in more than three decades. Congress gave the Federal Reserve a mandate to maintain stable prices. The bank, with its power to lend and set interest rates, is getting a test in the form of a snarled supply chain and a world continuing to recover from the pandemic. As a result, economists across the spectrum wonder if the Fed can control this bout of price spikes. Lawrence Mishel, a distinguished fellow at the Economic Policy Institute, says, “There’s a lot of reasons to think that inflation is transitory. It doesn’t mean it’s going to be two months, it could be a year, but it’s not going to be, you know, 4 or 5% a year for the next five years.” Leaders at the Fed have a long-term target of about 2% inflation. They believe that this rate could produce a healthy and stable economy. But shrinking union membership and the expansion of global trade may have made that difficult to achieve. As a result, the central bank is taking a stance that will invite slightly higher levels of inflation for longer periods of time.

Try not to laugh

Try not to laugh

Cool animals

Try not to laugh

Try not to laugh

Very funny video about animals