Explore the paradox of welfare programs, and learn how they inadvertently reinforce generational poverty, and what we can do to fix them.

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Imagine that you’ve been unemployed for months. Government benefit programs have helped you cover your expenses, but you’re barely getting by. Finally, you receive a paycheck— but there’s a catch. Your new job pays enough to disqualify you from benefit programs, but not enough to cover your costs. So how do we design benefit programs that don’t penalize you for working? Ann-Helén Bay investigates.

Lesson by Ann-Helén Bay, directed by Avi Ofer.

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Every year, Microsoft hosts an event called One Week, where we encourage folks to step outside their normal work, drum up new ideas, tackle problems, create change and make a difference. The capstone event of One Week is our Hackathon, the largest private hacking event in the world. This year, Kevin Scott, Microsoft’s EVP/Chief Technology Officer and Kathleen Hogan, Microsoft’s Chief People Officer, are sponsoring hacks whose goal is to create more Diversity & Inclusion in our workplace and the products we make, both at Microsoft and throughout the world at large. Here’s a brief video we made to hopefully get some creative juices flowing! -Kevin Scott, Executive Vice President & Chief Technology Officer, Microsoft

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UKTN editor Yessi Bello Perez spoke to Silicon Valley Bank’s Erin Platts about the technology sector’s lack of diversity and looked at ways in which this issue could be tackled effectively.

Technology is part of our everyday lives and necessary for most societies to function. This increasing dependency has led to massive growth in the tech sector and, with it, a proliferation of high paying jobs.

Following the industry’s recent struggles, those exorbitant salaries are now being scrutinized like never before.

“What has happened in the last three to four years is the pay for the other non-Big Tech companies have gone up, and many of the startups are really upset because they can’t burn cash at those rates,” Ben Leong, a professor of computer science at the National University of Singapore, told CNBC.

“The Big Tech companies will continue to pay what they used to pay – they always pay a lot,” he added.

“I suspect the growth in the median pay will either stagnate or may even drop a little bit.”

So, is the bubble bursting for tech workers? Watch the video above to find out more.

#CNBC #Tech #TechJobs #LayOffs #FAANG #BigTech

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