Workers

‘Over half’ of older workers don’t have jobs that can be done remotely: RPT

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Morgan Stanley Bets on These 3 Stocks; Sees Over 40% Upside

Did the stock market’s epic rally just need a little breather? The last few weeks have seen stocks experience their first meaningful correction since the bull market kicked off in March. Now, the question swirling around the Street is, will the rally pick back up again, or is more downside on the way?According to Morgan Stanley’s chief U.S. equity strategist Mike Wilson, uncertainty regarding the presidential election and stalemate on the next stimulus package could lead to declines in September and October. “On the correction, there’s still downside as markets digest the risk of congressional gridlock on the next fiscal deal. While we think something will ultimately get done, it will likely take another few weeks to get it over the goal line,” he noted.However, Wilson argues the recent volatility in no way signals the end of the

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‘Over half’ of older workers don’t have jobs that can be done remotely

As the U.S. struggles to re-open the economy, perhaps those on the tail-end of the return will be older workers. This is the group most at risk from COVID-19 and the most wary of coming back an office or another public setting.

If they can avoid it that is.

A recent study by the Center for Retirement Research at Boston College examined the differences in the ability to work from home by age.

The report found that for many older Americans, “their ability to survive financially will depend on their ability to work from home.”

The good news is that older workers have jobs that allow them to work from home at roughly the same rate as their younger counterparts.

“There doesn’t seem to be large differences on average across age groups,” said Anqi Chen, one of the report’s authors, during an appearance on Yahoo Finance.

But “the bad news

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Ditching tax on tech firms will mean less money for key workers, says Labour



Anneliese Dodds smiling for the camera: Photograph: Jane Barlow/PA


© Provided by The Guardian
Photograph: Jane Barlow/PA

Labour has told Rishi Sunak that if the UK Treasury scraps a tax on technology companies such as Facebook, Google and Amazon it would mean losing out on enough money to pay for tens of thousands of key workers in Britain.

The shadow chancellor, Anneliese Dodds, said there were serious questions about a potential multibillion-pound black hole in the Treasury’s finances that needed urgent clarification.

Her intervention comes after a report suggested ministers were preparing to ditch Britain’s digital services tax – a levy of 2% on the revenues tech companies derive from UK users – because it could jeopardise a post-Brexit trade deal with the US.

In a letter to the chancellor, Dodds said the future of £465m in revenue from the digital services tax had been thrown up into the air, warning this was equivalent to the cost of employing

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Jobs App for Poor Indian Workers Gets $8 Million From Investors

(Bloomberg) — Apna, an app startup that aims to connect millions of bottom-of-the-pyramid workers to employers amid the devastation of India’s lockdown, has raised $8 million from a clutch of investors. The funding, from new investors Greenoaks Capital, Rocketship VC as well as existing backers Lightspeed India and Sequoia Capital, will help the app expand to more cities, the Indian firm said in a statement published Tuesday. It also wants to grow across verticals such as accounting, customer service and nursing. Currently, Apna is in five cities.The startup, founded by Apple Inc. alum Nirmit Parikh, is a sort of LinkedIn for non-English-speaking, poorer Indians. The app helps first-time internet users access job opportunities by entering their name, age, and skills to generate a virtual “business card” that’s shared with potential employers. Less than a year after its December launch, Apna has 1.2 million users.

It generated over a million job

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