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Higher-paid employees looking for work are having a tough time
It's true not many people need work, so the lack of open roles isn't critical to the economy. But not everyone is happy at their job.
The dearth of hiring for higher-paying jobs has created a"trapped in place" economy, a concept previously highlighted by BI's Emily Stewart. On Wednesday, the Federal Reserve will announce its latest decision on interest rates — and traders believe borrowing costs will likely remain unchanged, according to the CME FedWatch Tool. Support director David Kohl said in an update posted to the e-commerce firm's internal Workplace page that Shopify had seen success in its AI experiments, sparking fear among some employees that job cuts are coming.
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