Writing - The Deflation In Compensation, The Glut, The Five Solutions

Jane Genova: Speechwriter - Ghostwriter

That's a lot like being a graduate student, newbie actor or an old-line free spirit. "The news that two Pulitzer winners have switched to PR touched off a slew of comments knocking journalism as a career." " - Jack O'Dwyer, "Journalism Is Satisfying Despite Low $$, Other Problems," in Odwyerpr.com, April 27, 2015. Here is the article.

Plastic: Just as in "The Graduate," only it refers to credit cards

Jane Genova: Speechwriter - Ghostwriter

  Some are lousy in compensation and those I flee.  In writing - oh, excuse me, we have to now call what we do "creating content" - the game is all about following the money.    Some of us assumed the money was going to be in green, pun not intended.    I bulked up on knowledge of sustainability and did lots of work for clean tech companies.    Ha, that got me less than $2000.

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Supposedly Sending a Message: Will Harvard Graduate Teaching/Research Assistants Be Heard (inside and beyond that elite academic institution)?

Jane Genova: Speechwriter - Ghostwriter

So, of course, the strike by graduate and research assistants is being closely watched by the media. Those who have been a graduate teaching or research assistant (I had been both) in elite academic institutions understand that they are the front lines of service. In era of stuck compensation, most are struggling.   To succeed in their future career, most graduate students need professors and administrators with power to open doors for them. It's Harvard.

2019 40

Ghost Writing - Has It Really Come To This

Jane Genova: Speechwriter - Ghostwriter

The help-wanted in the New York section of Craigslist requests a ghost writer for international subjects, preferably with a graduate degree. The compensation is 15-cents per word. Here you can read and laugh. Content-provider Writing

2015 47

The New Debt Factory: The Elite M.B.A. Program in the U.S.

Jane Genova: Speechwriter - Ghostwriter

for saddling graduates with large student loan debt. Bloomberg surveyed graduates of the M.B.A. graduates on their way to multi-million-dollar compensation being executives in large companies? Law school (along with medical school) has company among top M.B.A. programs in the U.S. Class of 2018 from elite schools like Harvard Business. Nearly half had at least $100,000 in debt from borrowing for tuition, books, fees, and living expenses.

2019 40

Troubled Enough to Kill Themselves: Veterinarians on the Brink

Jane Genova: Speechwriter - Ghostwriter

The financial stress also comes from the reality that veterinarians aren't compensated at the rate of MDs. The average can be about $170,000, with 20% of graduates dragging a $200,000 burden.  We love our animals. So we love those who tend to their medical needs, right? Wrong. Dead wrong. The cyberbullying from the pet parents who are unhappy with the treatment is one factor in the epidemic of suicides among veterinarians.

2019 43

BA/BS Class of 2020 - Maybe Coming to Work in New York City Isn't Good Idea

Jane Genova: Speechwriter - Ghostwriter

It could be downright impossible to the BA/BS Class of 2020 to start a career there, even with annual compensation of $75,000. In San Antonio, Texas, for example, someone would have to be earning $195,362 to pay for what the newbie graduate has to in New York City on that $75K salary. Gleefully, BusinessInsider presents studies documenting how New York City, home to 100 billionaires, has become an entity from the Gilded Age.

Case Studies of Career Changes (1987 - present) - Dale Carnegie Systems Nudges Us Out of Our Comfort Zones

Jane Genova: Speechwriter - Ghostwriter

It also put the kibosh on the rate of compensation. Mostly the clients had been displaced lawyers and new law graduates who couldn't land that first job. 9/11 put the nail in the coffin of my dying industry.    My field might have come back in several years.

2020 56

"The Professor Is In" By Karen Kelsky - Maybe Our Lost Gen Of Humanities Scholars Could Have Landed Tenure-Track Jobs

Jane Genova: Speechwriter - Ghostwriter

In her 2015 guide to being hired for a tenure-track job, Karen Kelsky hammers how naïve graduate students are. Yet, despite the passage of decades and the example of my gen of Lost Scholars, youth continues to flock into graduate school in unmarketable specializations such as the humanities and social sciences. The seductive reality is that graduate school is a wonderful refuge for those of us who enjoy reading, thinking, analysis, and writing.

2015 47

Goldilocks - Patron Saint for Class of 2018

Jane Genova: Speechwriter - Ghostwriter

Way back in 2015, film-maker John Walters told the graduates of the Rhode Island School of Design that they had to think and behave out of the box. Incidentally, Waters instructed the graduates to ignore rejection. Of course, the persona of the soon-to-be graduate is High Cool. In nowhereville eastern Ohio (the steel mill closed down decades ago) their parents tell me the graduates are coming home - to where there are no well-paying jobs.

2018 40

So Proud that Offspring Is Part of Harvard Law School JD Class of 2021

Jane Genova: Speechwriter - Ghostwriter

According to Lendedu , the average student loan debt for graduating JDs ranges between $24K and $170K. That's upon graduation. And trouble starts when the overall compensation at the job isn't enough to facilitate the monthly payment or, worse, there is no job. " A sign of the ballooning times in student loan debt, some recall way back when Elie Mystal's horror tale of owing $150K for his Harvard undergraduate and Law School graduation.

2018 40

BA/BS Class of 2018 - One Rite of Passage Got Less Expensive

Jane Genova: Speechwriter - Ghostwriter

The traditional rite of passage for college graduates landing jobs in Manhattan has been finding an apartment that doesn't eat up too much of their first-year compensation. Well, if Q4 2017 trends continue, that won't be their number-one challenge in adjusting to  post-college life in New York City. Here are the details from Bloomberg. According to StreetEasy, Manhattan rents plunged in Q4.

2018 40

Professional Degree Programs No Longer Symbol of BigSuccess

Jane Genova: Speechwriter - Ghostwriter

and JD programs at elite universities: Just focus on your studies, the money will come after graduation to pay off the student loans. graduates from top schools graduated with at least a $100,000 student loan nut. As for compensation, ZipRecruiter reports that the average for lawyers in the state of New York is $87,502 and in California $80,110.  Old-line thinking used to be in M.B.A.

2019 40

Birthday Boy, Elie Mystal - He Made Us Feel Better, In Very Bad Times

Jane Genova: Speechwriter - Ghostwriter

He had graduated from Harvard undergraduate and Harvard Law School. Compensation was downsizing. Whatever our angst or ambivalence was, Elie Mystal had more reason for being in that wretched state. But wasn't. So, we paid attention to this newcomer to journalism. When he hit the scene at legal news site Abovethelaw.com as a lawyer-reporter, he made it known that he was $150,000 in debt. That was from student loans.

2016 46

The End of Empathy - The "Inner Terrorists" Gain the Upper Hand

Jane Genova: Speechwriter - Ghostwriter

The classic example is the recent law graduate saddled with the average $145,550 student loan debt (both from undergraduate/professional school). But the employment situations usually compensate in low wages.  When I interviewed Millennial college graduates in the southwest their mindset was how quickly they could topple from being able to pay their bills to not being able to pay their bills. 

2020 40

2020 - Older Professionals Conjure Up Dreams of Career Change

Jane Genova: Speechwriter - Ghostwriter

Career-shifters later in life may never be able to match their previous compensation.  And given the turbulence in the labor market the field studied may not be in high demand by graduation.     The energy of the college graduate who bounces around fields, culture, and even cities isn't there any more. It's a new year. So notions of career change may dance in many heads of older professionals.    The fantasy is heady.

2020 40

Higher Education - Art Schools Thriving, Traditional Colleges/Universities Not So

Jane Genova: Speechwriter - Ghostwriter

Meanwhile, the median compensation for art school graduates is above that for traditional graduates: $45, 250 versus $37,690. Higher education in America has long been described as a "bubble." " Given the fierce competition among high schoolers to be admitted to the college or university of their choice, many blew off predictions that the higher education niche could implode. Well, the time for the deflating of the bubble might have arrived.

2018 40

You Have 16 Years Experience, Help-Wanted Ad Specifies Max of 4

Jane Genova: Speechwriter - Ghostwriter

To keep the price-to-the-consumer/B-to-B market low, employers seek out workers with just enough experience to do the task well so that they can be paid as low compensation as possible. The new college graduate who had an internship at a marketing firm specializing with PPC would look a lot more attractive to the budget of the employer than an applicant with 6 years experience. More and more help-wanted ads indicate that new college graduates are preferred.

2019 40

In the Year of COVID-19: March 25, 2020 (U.S. Is Next Italy, Ohio Is Next New York)

Jane Genova: Speechwriter - Ghostwriter

Researchers also passed along the grim news that if the displaced aging employee is blessed and is hired for another job only one in 10 will earn comparable compensation.    That applies to bachelor, graduate, and professional degrees. Most graduates will not have the customary ritual of the commencement ceremony as the bridge to The Next, that is uncertainty. It might surprise some but even law students lament no graduation rite of passage.

2020 43

Beware Career Advice - Yet Another Industry In Trouble (at least right now)

Jane Genova: Speechwriter - Ghostwriter

On the receiving end were groups ranging from underemployed college graduates to over-50 professionals whose industries were downsizing.    After a year of experience, truckers could choose their routes and negotiate compensation. Both had predicted a surge in demand - so much so that NDEA Title IV grants were awarded to college graduates such as myself. Get licensed to drive a big rig. That was the advice peddled by supposed experts on careers.

2019 43

The Media - Older, Unemployed/Underemployed Not Sexy Topic to Cover

Jane Genova: Speechwriter - Ghostwriter

It had been the new college graduates who were labeled "Generation Jobless." Because of their high compensation seasoned employees were frequently the first to go in a reduction in force or stealth layoff. Usually once the over-50 employees lost that good job they were unable to re-enter the labor market at their former level of compensation, responsibility, and status.  Members of the media knew they had a story with legs during The Great Recession.

2019 40

Early Retirement Is Becoming Standard Rite of Passage for Professionals Over-50

Jane Genova: Speechwriter - Ghostwriter

I myself learned those fundamentals when I had been a graduate assistant for the Dale Carnegie Systems. The number-one reason for that is their compulsion to replicate the past, especially their previous compensation. Like so many corporations in the COVID-19 era, Ingevity had a drop in demand.    Part of its resulting cost-cutting measures included an early retirement program.

2020 40

What They Don't Tell You in Outplacement: The Role of Voodoo in a Job Search

Jane Genova: Speechwriter - Ghostwriter

As for the visible part, sure, the new law graduate had to refocus on discerning her edge and being determined to sell it. The compensation was okay, for that time of lawyer glut. "Those who practice Voodoo believe there is a visible and invisible world, and that these worlds are interwoven." " - Saumya Arya Haas, HuffPost , May 25, 2011. It was through Voodoo (partially) that a woman from the JD Class of 2008 landed a job practicing law in Manhattan. 

2020 43

Student Loan Folly - An Equal Opportunty for All Generations

Jane Genova: Speechwriter - Ghostwriter

After all, they themselves graduated with maybe a few thousands dollars in student loans, not the $223,000 nut mentioned in the MarketWatch article which Alf Seccomb has to keep paying on. Because of their age, they may graduate and not land well-paying jobs in those fields. The generational wars continue. This time the hostility between those under 45 and those 45 or older focuses on student loan debt.

2019 40

Glut of Editorial Types - Expect It to Surge Mid-2020 (and not just in New York City)

Jane Genova: Speechwriter - Ghostwriter

As they struggle to grab onto something, anything to make a living, overall compensation continues to plummet for the whole category.   So, those still in the editorial box or who are graduating from college with majors in those aspects of communications should expect more darkness to fall in mid-2020. Stanford Graduate School professor Jeffrey Pfeffer documents that in his book "Dying for a Paycheck."

Here We Go Again - Retail Sales Down 1.2%, Most Since 2009 - Time for a News Fast

Jane Genova: Speechwriter - Ghostwriter

Retirees, Class of 2019 who will be looking for jobs, highly compensated older workers, and small businesspeople like myself. And, spring graduates will have to move back with their parents. All of us are supposed to get very worried today. The news has been quite busy hammering the plunge of retail sales - the worst since 2009. The exact number is 1.2%. Of course, the stock market is down. Here is the report from MarketWatch.

2019 43

Yet One More Signal Recession Could Be Coming

Jane Genova: Speechwriter - Ghostwriter

Circling back to the possibility of an economic downturn - those who could get hit the hardest are new graduates, both from undergraduate programs and professional degree tracks such as law school.   Older workers are vulnerable to layoffs because of their high compensation and the general bias against the aging. The Class of 2019, those contemplating the timing of retirement, and consumers - all are jittery about the possibility of a recession.

2019 43

Learning To Code - Gold Rush Of 2015

Jane Genova: Speechwriter - Ghostwriter

You will research: The types of training available, the cost, reviews by third parties, and placement rate of graduates. Entry-level compensation. Top compensation, including stock options. There's that old adage: Those who consistently make the money during a gold rush are the shrewd guys who sell the shovels. The Gold Rush of 2015 is all about learning to code.

2015 50

Anna Alaburda: This jobless JD is bound to land a job

Jane Genova: Speechwriter - Ghostwriter

  This honors 2008 graduate from Thomas Jefferson School of Law has not found a full-time position practicing law.  "  That is, the school did not provide accurate data about employment and compensation of its graduates. They say that opportunity comes from left field.    It may just do that for Anna Alaburda. 

2011 46

Payment vs. exposure

Speak Schmeak

who graduates from the program. Also, even when speaking pro bono, there are still creative options for trade or other compensation, as indicated by these two great lists on SpeakerNet News : Getting Income From No-Fee Engagements and Creative Tactics for Compensation. We can't foretell the future, but we can make reasonable decisions on giving our time for free or negotiating creative compensation. Some of you get paid to speak; others hope to get paid one day.

NYT Bestselling Author: What kind of pull force?

Jane Genova: Speechwriter - Ghostwriter

A recent MFA graduate would be ideal, the ad says.    As for compensation, there is no number given, only the possibility of perhaps a future job. Even for writers who aspire to earn a living by writing their own work, one has to wonder how much they will go the distance for nexus to a writer who has made it.    Clearly, the marketplace has changed significantly in terms of the market value and influence of a known writer.

Communications Careers, Including Writing - The Apprenticeship Route, Intead of Academic Degrees, Internships

Jane Genova: Speechwriter - Ghostwriter

There is no need to graduate law school. The compensation - ha-ha-ha.  Perhaps, along the way, I should have provided them compensation, as some apprenticeship programs since the beginning of time required. To become a lawyer in America, it is possible to go the apprenticeship route. Yes, just like Abraham Lincoln had. To practice law, they do have to pass the state bar. Here is the coverage of that option by The New York Times.

2014 43

Higher Education, Lost Generations, and Death of Common Sense

Jane Genova: Speechwriter - Ghostwriter

"Average compensation for solo and small-firm attorneys decreased slightly in 2018 [going from $198k to $194k] and female attorneys reported earning 36% less than their male counterparts, according to a study released by Martindale-Avvo."  The attention of the media has been on the megawatt compensation in BigLaw.   Meanwhile, law school now saddles graduates with high debt from student loans.

2019 40

Famous Speech Friday: Sarah Weddington's Roe v. Wade arguments

The Eloquent Woman

Weddington, who''d had an abortion herself in 1967, joined a group of University of Texas graduate students looking for a case to challenge the anti-abortion law after her own graduation from law school--doing so, in part, because she found it difficult to find work at a law firm, a common issue for women attorneys in that era. But when she made this landmark argument, she was an unemployed 26-year-old law school graduate. "In Texas, the woman is the victim."

2014 69

Whistle-Blowing - Miscalculating the Risk

Jane Genova: Speechwriter - Ghostwriter

He is the dean of the Graduate School of Journalism at the University of California. And the compensation was a project rate of $55 for editing each set of resume/cover letter. The $55 compensation might not turn out to be much.  WikiLeaks founder Julian Assange might not be likable.    Many are jittery enough about national security to be wary of the Edward Snowden types. And lawsuits such as "Andowah Newton v.

2019 40

Analysis of a Speech by Conan O’Brien

Manner of Speaking

On 12 June 2011, Conan O’Brien delivered the commencement address to the 2011 graduating class of Dartmouth College. Good God, man, what the hell are you compensating for? In cold, windy weather and before a huge crowd, he took the stage and, for 24 minutes, wowed his audience. Conan’s onslaught of jokes, one-liners and funny anecdotes elicited a steady stream of laughter and applause.

Coding - HiHo HiHo, Off To Obsolescence We Go, Again

Jane Genova: Speechwriter - Ghostwriter

The media carried articles about Millennials who graduated elite colleges, couldn't find jobs, enrolled in coding training programs (which cost up to $35,000 per year), and landed in Silicon Valley. Like every other line of work, compensation is all over the place. After years of graduate school, which weren't marketable, I was stranded in the little town of Greensburg, Pennsylvania. "I see coding shrinking as a widespread profession.

2015 50

Humanities Majors - 21st-Century Anachronism

Jane Genova: Speechwriter - Ghostwriter

In BusinessWeek , John Lauerman features those unemployed and underemployed graduates who had to add on certification in coding to finally land a decent-paying job. Should institutions of higher education be mandated to publish twice a year, how many, what kinds and with what compensation jobs are gotten by those in every major field?

2015 50

U of Minnesota Law School - Template for Academic Crisis Communications

Jane Genova: Speechwriter - Ghostwriter

The problem is two-fold in admissions: Students often graduate with growing student loan debt and about only 60% will land jobs within 10 months practicing law. I entered the space when the media attacked the university president for his million-dollar compensation. The changing world of academia has become the setting for ongoing crisis. The flashpoints range from the cost of tuition to career preparation and actual job placement.

"They" Shut You Out - The American Way Is To Build Your Own Institutions (survive/scale)

Jane Genova: Speechwriter - Ghostwriter

As Angela Morris reports in Law.com , these are females who perceived that they are shut out of equal compensation, promotions, status, influence, and key opportunities to develop new business. By time I graduated a Catholic college I could pass for WASP. This was predictable. Women lawyers are establishing their own female-owned law firms.

2018 40

What Corporate Wage Slaves/Vendors Know, New Law-Firm Partners Better Get Smart About

Jane Genova: Speechwriter - Ghostwriter

Other beefs include:  Low compensation. Law firms went for laterals with a book of business and new law school graduates. For many new partners in law firms this is their first rodeo. They will have to learn what we in corporations and as vendors already have experienced. That began in the 1980s when globalization ate into U.S. business' lunch and technology made middle management redundant. Today, the insecurity of all work is a given. 

Resumes and Advanced Degrees - Not Always a Plus

Jane Genova: Speechwriter - Ghostwriter

More unemployed lawyers (and even some newbie law school graduates who can't land jobs after 10 months) are taking this step. Advanced degrees of all kinds can increase the expectations about compensation.  There is that moment of clarity: Displaced lawyers realize they may never practice law again. That ah-ha experience could come to them on their own. Or it could dawn on them through working with a career coach.    Then comes The Next.

Writer Glut - Will Become More Severe If Fusion Folds

Jane Genova: Speechwriter - Ghostwriter

Anyone who doesn't get it that the writer glut, already depressing compensation, is worsening has taken a stupid pill.    College students and recent graduates contact me about career guidance to be able to make a living in writing. The future of Fusion, acquired by Univision, is in play. It could be purchased by the interests of Jay Penske or Barry Diller. Meanwhile, there's the push for cost-efficiency.

2018 40