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Shadow stand-ins, fewer promotions are among new work trends.

Jul 01, 2024 - businessinsider.com
The article discusses the changing dynamics of the workplace, with a focus on the rise of "shadow stand-ins" - individuals hired to do parts or all of a job unbeknownst to the employer. This trend is facilitated by remote work, global social networks, and software tools, with workers often outsourcing their tasks to low-paid helpers in countries like India and Pakistan. The article also highlights the challenges faced by those doing all the work themselves, with promotions becoming increasingly scarce due to tight economic conditions and the fear of job replacement by AI.

In other news, the article recaps top stories including Biden's family encouraging him to stay in the race, the far-right's progress in France's elections, and Boeing's $4.7 billion deal to buy Spirit Aero. It also covers market trends such as the potential benefits of the AI boom for construction, utility, and electrical companies in the data-center landscape, and the continued interest in GameStop stock among retail traders. In the tech and business sectors, the article discusses the integration of AI in businesses, the geopolitical implications of a potential Chinese invasion of Taiwan for AI progress, and the revival of Coach bags among Gen Z consumers.

Key takeaways:

  • The use of 'shadow stand-ins' — someone you outsource parts or all of your job to, unbeknownst to your employer — is on the rise, especially with the rise of remote work and global social networks.
  • Workers hiring shadow stand-ins can be unqualified for their jobs, overwhelmed, greedy, or just lazy, and often have less-than-ideal views of their employers.
  • The percentage of promotions being handed out continues to shrink as companies keep their belts tight amid high interest rates and uncertain economic conditions.
  • Changing jobs has always been the best way to get a big salary bump, but that's proving difficult too, as the hiring of high-salaried employees has slowed considerably.
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