Young Women Leave Jobs for More Money
New York magazine’s Ann Friedman recently offered advice for employers who’d like to attract and retain top female talent: “Pay us enough that if you were to accidentally email the entire office a spreadsheet containing everyone’s salary, you wouldn’t be ashamed.” The column, “One Weird Trick To Keep Female Employees From Quitting,” highlighted a psychological effect of wage disparities: They’re a real morale killer. Friedman cited a...
Despite Endowment, Challenges Abound
At first glance, Dartmouth-Hitchcock, a medical system with net assets of $410 million at the end of last fiscal year, seems an unlikely cavalry to be riding to the financial rescue of a medical school whose parent — Dartmouth College, please don’t call it a university — finished the year with net assets of $5.33 billion. But such simple comparisons don’t provide especially useful benchmarks to outside observers as they watch the...
Economists Find Career Earnings of Low-Income Graduates Lag
College is supposed to be the great equalizer — the way to pull yourself out of a low-income background and position yourself for a better shot at the American Dream. But does it work? Yes, somewhat, but college is not as powerful as you might believe. Although low-income students do get an earnings boost by getting a bachelor’s degree, they don’t come close to students from middle- or high-income backgrounds with the same degrees,...
Dartmouth Labor Union Elects Chief
Hanover — Dartmouth College’s labor union, Service Employees International Union Local 560, replaced its late president with his right-hand man in an election on Thursday. Local 560 Vice President Christopher Peck won a four-way race to succeed Earl Sweet, who died in January after three decades of service. Peck outpaced his closest challenger, Scott Hunt, by an 80-vote margin, with two other candidates, Seth Nelson and Joanne Norton,...
Money Talk: Pay in Full on Time for Best Results
Question: I have little to no information — good or bad — in my credit reports. I am considering obtaining a secured loan from my credit union to establish better credit. Does it make any difference to my credit score if the credit union reports the loan as “secured”? Answer: Credit scores don’t treat installment loans differently based on whether they’re unsecured, with just your promise to repay, or secured, which means backed by an...
