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Self-driving cars will create 30,000 engineering jobs that the US can’t fill

The rise of self-driving and electric cars will create more than 100,000 US mobility industry jobs in the next decade, including 30,000 jobs for engineers with computer science-related degrees, according to a Friday report from Boston Consulting Group (BCG) and Detroit Mobility Lab (DML). However, demand could be up to six times more than the expected number of graduates in this field, the report found.

TechRepublic.com

11 tech jobs where you can earn a salary of over $200K

CIOs and CTOs top the list of tech jobs with the highest earning potential in 2019, according to a Monday report from tech staffing firm Mondo. The rise of artificial intelligence (AI) and machine learning has also pushed jobs in those areas on to the list of top-paying roles, while an increase in data breaches has also led to increased cybersecurity jobs and salaries, the report found.

TechRepublic.com

These are five high-paying programming jobs right now

Developers who specialize in skills related to building web sites and services are among the top earning programmers.

Those working on back and front end web technologies occupied three of the five spots for high-earning programmers in 2018, according to figures from careers site Dice.

The findings chime with an earlier salary round-up from recruitment company Hays, which also found companies were willing to pay a premium for experienced web developers.

TechRepublic.com

Richest 26 people now own same wealth as poorest half of the world, Oxfam claims

A new report from Oxfam has found 26 people now own the same wealth as the poorest half of the world, down from 43 in 2017.

Published on Monday, the charity’s research revealed that billionaire fortunes rose by $2.5 billion per day in 2018, increasing 12 percent for the year as the poorest half of the world saw its wealth decline by 11 percent.

The report, titled “Public Good or Private Wealth,” comes at a time when delegates are gathered in Davos, Switzerland, for the World Economic Forum.

CNBC

A Connection Between State Income Taxes And Public School Enrollment Growth?

There are seven states with no tax on any personal income: Alaska, Florida, Nevada, South Dakota, Texas, Washington and Wyoming.

According to a recently updated National Center for Education Statistics projection, the eight states expected to see the highest growth in public and charter school enrollment in the 12 years from 2015 through 2027 are: North Dakota (27%); Florida (17%); Washington (17%); Texas (15%); Nevada (14%); Alaska (13%), Utah (13%) and South Dakota (12%). That means that six of the top eight states for public school growth don’t levy an income tax.

Forbes

Here’s How U.S. Businesses Actually Used Their Tax Cuts

On Jan. 1, 2018, the biggest, most sweeping U.S. corporate tax cut ever enacted went into effect. A year later, we’re able to see how businesses used all that extra cash.

The short answer: to buy back shares. The long answer is slightly more nuanced, but not by much.

Corporations had been lobbying lawmakers for years to reduce the corporate income tax rate—which, at 35 percent, was the highest among the U.S.’s major trading partners. Republicans in Congress and the White House framed 2017’s Tax Cuts and Jobs Act as a means to boost employment, enhance wages, and encourage companies to invest and manufacture in the U.S. Among other things, the law reduced the corporate tax rate to 21 percent, at a cost of as much as $1.5 trillion in lost government revenue over 10 years.

Bloomberg

Airbus starts building Alabama factory for U.S.-made A220s

Airbus has broken ground for a new factory in Mobile, Alabama, defying predictions by archrival Boeing that the plant would never be built.

By midyear, mechanics will begin assembling the first American-made A220, a single-aisle jetliner developed by Bombardier and taken over by Airbus last year. Delivery of the initial plane with a made-in-the-U. S. A. label is scheduled for next year.

The new factory caps a dizzying turnaround for the Canadian-designed aircraft formerly known as the CSeries, which Airbus rescued in 2018 after working for years to stymie sales of the 100- to 150-seat jets. Bombardier turned to the European plane maker after Boeing rejected overtures. The U.S. aerospace giant then waged a high-profile and ultimately unsuccessful campaign to slap duties on imports of the jets by Delta Air Lines.

Seattle Times

Firefly Aerospace Is Behind Florida Rocket Project: Sources

Firefly Aerospace Inc, a resurgent rocket company founded by a former SpaceX engineer, plans to build a factory and launch site at Florida’s Cape Canaveral Spaceport in a $52 million deal, people familiar with the project said on Wednesday.

The Firefly project is strategically important for the Cedar Park, Texas-based startup as it competes with several other new entrants vying to cash in on a big jump in the number of small satellites expected in the coming years.

VoaNews.com