Comparing pay at Walmart
An average full-time Walmart employee earning $12.67 an hour would have to work 785 years to earn the equivalent of Walmart CEO Michael Duke’s annual salary of $20.7 million—assuming the employee worked 40 hours a week, 52 weeks a year, and didn’t pay taxes.
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New $100 bill coming soon
After a three-year delay, the Federal Reserve will put a new $100 bill into circulation in October, with improved anti-counterfeiting features. In recent years, U.S. officials have been especially concerned by “supernotes”—high-quality counterfeits they say are produced in North Korea.
Reuters.com
The best and worst jobs in America
A new survey says actuaries have the best jobs in America, based on the criteria of physical demands, work environment, income, stress, and hiring outlook; biomedical and software engineers were next. Military personnel, lumberjacks, and newspaper reporters had the “ignominious distinction” of holding the worst jobs.
The Wall Street Journal
Falling demand for Wall Street jobs
The number of Wall Street employees dwindled to 101,200 last month, down more than 30 percent from its peak in December 2000. The decline in the New York financial sector is largely the result of falling demand and “increasing automation.”
Bloomberg.com
HSBC to “demise” 1,000 jobs
HSBC has warned more than 3,000 employees that it plans to “demise” more than 1,000 jobs. A spokesman said the bank likes the term “demising” because it suggests that while jobs will disappear or be consolidated, employees won’t necessarily be let go.
The Wall Street Journal