America's most in-demand job
And more of the week's best financial insight

Here are three of the week's top pieces of financial insight, gathered from around the web:
America's most in-demand job
"Wind-turbine service technician" is the hottest job in the U.S., said Matthew Boyle in Bloomberg Businessweek. Job postings for wind-farm techs have risen sixfold since 2018, and employment is expected to continue to grow by almost 45% over the next decade, "faster than any other occupation," according to the Bureau of Labor Statistics. Nurse-practitioner jobs are right behind in terms of expected growth, with data scientists and statisticians coming next. All those are less likely to cause vertigo. Experienced turbine techs can make $80,000 a year, and a college degree is not a requirement. But "those with a fear of heights need not apply." Training for the job can "include rappelling off water towers," and candidates must be able to "lug 50 pounds of gear up long ladders to confined spaces" up to 300 feet in the air.
Higher interest for late taxes
The IRS is raising the interest rate on estimated-tax underpayments, said Ashlea Ebeling in The Wall Street Journal. As of Oct. 1, taxpayers who under-withhold, or small-business owners who fail to make payments on a quarterly basis, will be charged 8% interest. That’s up from 3% two years ago. The change is "particularly relevant for gig workers and consultants who don’t have taxes withheld" in their paychecks. Another "common scenario in which taxpayers get tripped up is when wage earners" decide midyear to start a business and might not be aware that they "are subject to quarterly estimated tax payments." The change could also affect other taxpayers with bonuses, stock options, or significant dividend income. The IRS "assessed more than $1.8 billion in penalties for underpaying estimated taxes on 12.2 million individual returns" last year.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Lower EV subsidies for 2024
Several EVs will get much more costly starting on Jan. 1, said Andrew Hawkins in The Verge. "Electric vehicles with batteries that contain minerals and materials sourced from China won’t be eligible for the $7,500 federal EV tax credit," starting in 2024. That means "a lot of EVs are about to lose their" financial appeal. Ford confirmed last week that its electric Mustang Mach-E is one of them. The Nissan Leaf and Volkswagen ID.4 are affected as well. "Tesla is also warning customers that certain version of its Model 3 — the Rear Wheel Drive and Long Range trim — will only be eligible for half of the $7,500 tax credit."
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
Is Trump America's CEO?
Talking Points The party of free enterprise turns to 'cronyism'
-
Why 'faceless bots' are interviewing job hunters
In The Spotlight Artificial intelligence is taking over a crucial part of recruitment
-
DORKs: The return of 'meme stock' mania
Feature Amateur investors are betting big on struggling brands in hopes of a revival
-
Jaguar's Adrian Mardell steps down: a Maga mauling
Speed Read Jaguar Land Rover had come under fire for 'woke' advertising campaign
-
Samsung to make Tesla chips in $16.5B deal
Speed Read Tesla has signed a deal to get its next-generation chips from Samsung
-
A potential railway megamerger raises monopoly questions
The Explainer Union Pacific and Norfolk Southern would create the country's largest railway operator
-
Tesla reports plummeting profits
Speed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
-
AMC hopes new ticket discounts will reinvigorate the movie theater industry
In the Spotlight The theater chain now has 50% discounts on both Tuesdays and Wednesdays