The bottom line
Elite private equity firms are now paying $300,000 for starting analysts, or “22-year-old spreadsheet crunchers.” Most only recently graduated from college, and are completing two-year stints at investment banks.
The Wall Street Journal
Wages grew at their fastest rate in a decade, increasing 3 percent from Sept. 2017 to Sept. 2018. Prices, however, have also jumped significantly. Adjusted for inflation, the income increase is closer to 0.6 percent over the year.
The Washington Post
While other groups have recovered, employment among men 25 to 34 is still below pre-recession levels. Only 86.1 percent of men in that age range are working, down 2 points from 2007—a decline in the labor force of 500,000 men.
Facebook gets $27.61 in advertising on average for each active user in the U.S. and Canada. For Europe, the number is $8.82, and for Asia just $2.67, a tenth of the U.S. number. But with about 67 percent of all Americans now on Facebook, social media use has hit a plateau.
Americans love their rotisserie chicken, buying 625 million of the slow-roasted birds in 2017. Costco, which alone sold 60 million rotisserie chickens last year, is building its own 414-acre chicken-processing plant to maintain its ultra-cheap $4.99 price.
Office landlord WeWork, known for its free beer policy, last week began limiting its New York City tenants to four 12-ounce pours per person, per day. The beer taps will now require a key card, and work only from 12 p.m. to 8 p.m. The change comes weeks after a lawsuit over WeWork’s “frat boy” culture.
New York Business Journal