News You Can Use: 9/12/2018
- 44 Percent of Americans 18-27 Have Deleted the Facebook App This Year, Poll Finds
According to a new study by the Pew Research Center, 54 percent of Facebook users ages 18 and older have adjusted their privacy settings in the wake of revelations that Facebook repeatedly failed to protect consumer data as it was shared and abused by a myriad of Facebook partners, including political analytics firm Cambridge Analytica.
The study also notes that around 42 percent of Facebook users have chosen to take a break from the social platform of several weeks or more, with a quarter of users choosing to delete the Facebook app from their phones entirely in the last year.
- When should you take a mental health day?
It is generally not a good idea to take a mental health day spontaneously. That is, if you wake up in the morning and dread going to work, don’t use that feeling as a reason to call in sick. Stress and anxiety are emotional experiences you have when there is something in your world you are trying to avoid. If you call in sick when you feel this way, you are laying down a memory that can start to create a habit to respond to stress and anxiety by actually avoiding work that may need to be done. You don’t want your go-to response to stress to be to run away from it.
https://www.fastcompany.com/90225167/when-is-it-ok-to-take-a-mental-health-day
- 3 steps to money mastery: Would you rather have freedom or stuff?
- Confessions of a young ad agency staffer: ‘If you leave for lunch, you get that side-eye’
In the ad agency world, people who are very young stress themselves until they get sick because they want so badly to be perfect. Everyone I know who is young who works in this business is like, ‘I have to be amazing, I have to get promoted.’ Everyone who is older is so jaded. They just don’t want to work anymore. My boss works from home twice a week and takes calls from home.
Do you feel like multiple people should be doing your job?
I handle seven different parts of our client’s business. It’s crazy. I feel like there should be a manager and someone to assist them for every piece of business I work on. They don’t hire enough people. When someone goes on vacation, we have to sit down and train everybody on what we’re doing. It’s very inefficient. I think that to save money they try to cram as many of us onto as many clients and campaigns as possible.
https://digiday.com/marketing/confessions-young-ad-agency-staffer-leave-lunch-get-side-eye/
- Not all popular YouTubers are raking in cash for their videos
Marshall says his decision to use “real music” you’d hear on the radio severely cuts into the actual profit turned by his channel. Where the profits for a monetized video that uses music in the public domain would be split between the creator and YouTube, the record labels that own the top-40 tracks take “all of the money, and we are left with zero.” These videos can still be profitable if the YouTuber and the label can reach an agreement; otherwise, monetizing videos with copyrighted music is virtually out of the question. “Out of … 147 videos, we are monetizing 11,” he says in a video explaining his earnings. “That’s 7 percent. We are monetizing 7 percent of the content that we put out.”
According to Marshall, the only way the team is able to continue making videos is through people buying merch, tickets to their tour (roughly $30 a ticket for general admission, according to a recent sale), or by buying a $4.99 channel membership for special perks. (This model is similar to the one employed by mid-range musicians, who also rely on merch and ticket sales, and independent writers and artists through platforms like Patreon.) “You’re supporting us. Just you buying a shirt, it’s silly … but it’s what allows us to keep doing this,” he explains.
Photo by Chad Peltola on Unsplash
SourceCast: Episode 128: Wrestling With Your Career
SourceCast: Episode 127: YouTube Edition
News You Can Use: 9/5/2018
- Amazon becomes world’s second company to be valued at $1tn
On Tuesday, a rise in the share price of Amazon, which is listed on the Nasdaq stock exchange in the US, briefly took it above the trillion-dollar watermark for the first time.
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Bezos has become the world’s richest man in the process, with a net worth estimated at more than $167bn on Tuesday, according to Forbes.Amazon went public at $18 a share in 1997 – on Tuesday those shares hit $2,050, pushing the value of the whole company over $1tn. Amazon ended the day valued at $995bn, just short of its new record.
https://www.theguardian.com/technology/2018/sep/04/amazon-becomes-worlds-second-1tn-company
- Why work has failed us: Because it’s making it impossible to start a family
It now costs $31,000 more (adjusted for inflation) to raise a child from infancy to the age of 18 than it did in 1960. Between 1985 and 2011 alone, the cost of childcare went up by 70%, even though wages barely grew. Given that the cost of food, diapers, transportation, and housing has either gone down or stayed the same, this increase largely comes down to the ballooning cost of paying for other people to look after our children.
This was the exact same period in which women began entering the workforce in far greater numbers. Between 1962 and 2000, women’s labor force participation increased from 37% to 61%, leading to an estimated $2 trillion in economic gains. But in a disconcerting twist, women’s workforce participation actually started declining between 2000 to 2016, dipping from 60.7% to 57.2%. Pew Research suggests that the rising cost of childcare is likely responsible for the increase in stay-at-home moms over the last decades.
https://www.fastcompany.com/90223475/american-childcare-is-an-expensive-nightmare-is-it-fixable
- A mental hack for surviving bad bosses
- Sheryl Sandberg’s New Job Is to Fix Facebook’s Reputation—and Her Own
Now, Ms. Sandberg’s mandate is to spend a majority of her time on safety and security vulnerabilities. She formed a SWAT team to do what she and other Facebookers had struggled with when faced with a crisis: bridge the gap between the technical and business sides of the company to act decisively. The new team makes recommendations to the group of Facebook’s top executives that meet every Friday—known internally as the M-team—with Ms. Sandberg running the show, according to a person familiar with the operations. The shift “from reactive to proactive detection is a big change,” Mr. Zuckerberg said in August.
Many of the changes that are being put in place to clean up the Facebook platform will be expensive and could have an impact on growth, putting a brake on the ad-revenue machine that Ms. Sandberg built. In July, when Facebook reported that a surprise slowdown in revenue growth for the second quarter was likely to continue along with an unexpected increase in costs for security and privacy, investors shaved almost $120 billion in value from the company’s valuation—the biggest one-day loss ever for a U.S.-listed company.
https://www.wsj.com/articles/sheryl-sandberg-leans-into-a-gale-of-bad-news-at-facebook-1536085230
- Consider these things before jumping ship with your coworkers
Furthermore, if you’re generally happy at work and have a bunch of colleagues leaving, that could serve as an opportunity for you to take over some of their responsibilities and prove what a valuable asset you are to the company. Being that person who shows those incoming new hires the ropes can also help you stand out to your employer and perhaps pave the way to a promotion.
On the other hand, if you’re not necessarily in love with your job and don’t see a compelling reason to stay, you might consider jumping ship along with your colleagues. This especially holds true if your work is collaborative in nature, and you feel that losing those coworkers will substantially impact day-to-day life at the office.
https://www.fastcompany.com/90228545/consider-these-things-before-jumping-ship-with-your-coworkers