This map shows where millennials are moving for job opportunities and rising wages

Millennials are flocking to cities where jobs are plentiful and wages are high.

After analyzing data related to where young people moved between 2011 and 2016, as well as how their wages, participation in the workforce and unemployment rates changed over that five-year span in different metro areas, Magnify Money put together a list of the top "millennial boomtowns" in the U.S. READ MORE

How should you discuss compensation at a job interview?

You’re called in for an interview at your dream job. Everything is going well. You've knocked every question out of the park until you’re asked: “What are your salary expectations for the role?” Oliver Cooke, executive director, head of North America at Selby Jennings says many interviewees struggle with giving a response. He shares the five things job applicants should to do when discussing compensation with potential employers: READ MORE

There's A 64 Percent Chance Your Employer's Stock Will Underperform The Market

If you work for a publicly traded company and make at least a six-figure salary, there's an excellent chance at least some of your compensation is tied to your employers stock. In particular, tech and finance workers tend to find themselves locked in golden handcuffs via stock options and/or restricted stock grants (RSUs). However, even when vested, employees usually aren't diversifying as much as they should be. The lack of understanding around the drivers of equity returns leads to poor decisions around stock grants. READ MORE

Looking Beneath the Surface of the Gender Pay Gap

Over and over we hear that women in the United States who work full-time are paid only 80 cents for every dollar paid to men. This statistic is repeated by many organizations and in many publications. (See “The 20% Gender Pay Gap Is Misleading Without Context.”) So, what are all of these examples missing? While some sources talk about occupations, there is no discussion of the actual work being done, no mention of the job. READ MORE

Found out your colleague makes more than you? Here's what to do about it

Sharing your salary used to be considered taboo.

Executive Brief

  • When you find out your colleague is making more with essentially the same job:

  • Start doing your research

  • Review your role and determine your value

  • Set up a meeting with your boss

  • Explain with concrete details why you deserve a raise

Now it's more acceptable to talk money to help workers better know their worth in order to negotiate salaries and raises. READ MORE

Wages for the 1% just reached their highest level ever

The 1% has never had it so good.

The average wage for the top 1% of income earners hit $719,000 per year in 2017, up 3.7% on the year, exceeding their peak of $716,000 per year just before the Great Recession, according to a report released Thursday by the Economic Policy Institute, a progressive, nonprofit think tank, citing data from the Social Security Administration. The average wage for the top 0.1% reached $2.7 million in 2017, the second-highest level ever, just 4% below their level in 2007. However, wages for the 0.1% rose 8% on the year in 2017. READ MORE

Some worrying and not so worrying causes of slow wage growth

Last month’s jobs report from the Department of Labor reported that average earnings grew by 2.8 percent over the year ending in August. This is an improvement on wage growth, but subtracting inflation of maybe 2.2 percent from this figure yields wage growth that will double inflation-adjusted take-home pay every 115 years or so. Over the past few years, three explanations have emerged for persistently slower wage growth. They are not mutually exclusive. Let me explain them in turn from benign to very problematic. READ MORE

When Employers Demand a Salary Range From Applicants but Refuse to Suggest One

Of all the weird and frankly nonsensical practices that companies use in hiring, probably none are as bizarre as our conventions around negotiating salary. Given that paying employees money in exchange for their labor is what hiring is all about, you’d think that salary would be discussed early, clearly, and directly in any hiring process. But for some reason that approach is more the exception than the rule. Instead, many employers play coy games around salary, hiding what they plan to pay and even taking offense when candidates bring up money. READ MORE