The bottom line
The median pay for Facebook’s 25,000 employees last year was $240,430. CEO Mark Zuckerberg’s total compensation was more than $8.8 million. Facebook’s median pay is the second highest disclosed so far by 325 companies in the S&P 500 index, as part of a requirement in the Dodd-Frank law. Incyte, a biotech firm with 1,200 employees, tops the list at $253,015.
Despite fears that President Trump’s tariffs on imported solar equipment would be a job killer, new solar-industry jobs are increasing, with total employment likely to top a 2016 record. The Solar Energy Industries Association initially forecast 88,000 lost jobs this year, but has revised its estimate to 23,000 gained, thanks to growing demand.
Hartsfield-Jackson Atlanta was the world’s busiest passenger airport in 2017, with a total of 103.9 million passengers passing through. The second-busiest airport was Beijing Capital, followed by Dubai, Tokyo, and Los Angeles.
If the global shipping industry were a country, it would be the world’s sixth-biggest emitter of greenhouse gases. Cargo ships now emit more CO2 each year than the entire nation of Germany.
Companies short of workers are increasingly turning to teens to fill jobs. The 12-month average unemployment rate for teens in March was 13.9 percent, the lowest annual average since 2001 and about half what it was in 2010. Last July, typically the month most teens work, unemployment for 16- to 19-year-olds fell to 13.3 percent, the lowest midsummer rate since 1969.
The Wall Street Journal
The rise of ‘micromerch’
Buying merchandise like T-shirts and posters to support a favorite band has been “a common expression of fandom for decades,” said Jon Caramanica in The New York Times. But in the social media age, “no following is too small to monetize.” Enter micromerch: namesake products, made in batches of “a couple dozen to a couple thousand items,” offered for sale by Instagram stars or not-quite-celebrities to a “dedicated few.” Peloton, the home indoor cycling business, sells small batches of merch “inspired by each” of its dozen instructors. Music producer Alex Tumay recently sold enough shirts featuring his social media–famous French bulldog, Gordie, to pay for flights to the SXSW music festival. And Ashley Iaconetti, a Bachelorette contestant known for her TV waterworks, now sells her own tissue-box sleeves. “Being so known for crying,” she said, “why don’t I have a deal with Kleenex or Puffs?”