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Biden Administration Proposes Ending Subminimum Wage For Disabled Workers

Allwork

In 2001, over 400,000 workers were paid subminimum wages; today, the number has dropped to around 40,000. These workers are paid based on productivity or a per-item rate, with some earning as little as 25 cents per hour, according to SHRM. The proposal follows a significant decline in participation over the years.

2001 264
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Will The Cascade Of Bank Collapses Break The Coworking Industry?

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The last time thousands of small businesses went bankrupt in a short period of time was in the dot.com crash of 2001, and it had a profound effect on the coworking industry. But if the Government and Federal Reserve cannot act quickly enough, or choose not to, what then? Could the same happen again?

2001 342
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Gen Z’s Labor Market Triumph: Fastest Recovery in Recent History

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in 2001-2005, and 7.5% percentage points faster than in 2001-2005, and 9.7 “[Y]oung college graduates faced outright wage losses of 4.9% after the Great Recession, 4.3% in 1990-1994. This means real wage growth in the pandemic business cycle was 7.1 percentage points faster than in the aftermath of the Great Recession, 6.5

2001 262
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Tech Sector Drives Record Layoffs in 2023

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According to a report published by Yahoo Finance , this surge, which was the highest since 2020, was led by high-profile tech layoffs from giants like Meta and Amazon. More specifically, the tech sector is reported to have experienced a 73% increase in job cuts — closely mirroring the record highs of 2001.

2023 277
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How Michael J. Fox Finds Ways Around Life’s Obstacles

Success

Fox Show on NBC represented Fox’s first full-time TV gig since he left Spin City in 2001. Twins Aquinnah and Schuyler were born in 1995, six years after big brother Sam; daughter Esmé came along in 2001. The Michael J. It’s funny. But Fox’s exit from full-time acting gave him considerably more time with his family.

2001 290
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‘Suffering Is What Makes Life Beautiful’

Success

He started another company, myMatrixx, a pharmacy benefits firm, in 2001 and sold it in 2017, exiting with $250 million. “Pivoting my life away from what I thought I was doing and finding the next new thing—perseverance is what got me through that,” he says.

2001 279
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The Leadership Gene

Success

It was the summer of 2001. It turns out, I was 20 minutes early. I killed time by buying coffee and a magazine, and I went in to see the receptionist. I could just sit and relax and read and wait. I had just started my career as a business coach for some big companies like Johnson & Johnson and Bear Sterns.

2001 264