Job market churn? We ain’t seen nothin’ yet.
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 27 December 2024
⏱️ 9 minutes
🧾️ Download transcript
Summary
In recent decades, technology like automation and software advances has upended jobs, from taxi drivers to factory workers and more. But by historic standards, occupational churn has actually been pretty low. Artificial intelligence could change that, however. We’ll learn more. But first, our gift to you is this reminder: 40% of you have an unused gift card sitting there, plump with money you may have forgotten you had.
Transcript
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| 0:00.0 | Time is running out to make a tax-deductible donation to Marketplace before the end of the year. |
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| 0:22.4 | Marketplace.org slash donate or follow that link in the show notes. |
| 0:28.1 | We could soon enter a new age of technology disrupting careers. |
| 0:33.8 | I'm David Brancaccio. First, our gift to you is this reminder. |
| 0:38.6 | 40% of you have an unused gift card sitting there plump with money. |
| 0:43.0 | You may have forgotten you had. |
| 0:44.6 | The statistic is from bank rate. |
| 0:46.4 | Marketplaces Kristen Schwab has more. |
| 0:48.7 | If you got a gift card this year, you're not alone. |
| 0:51.1 | Nicole Panetary saw gift card sales at her apparel stores. the brass owl, and the tiny owl in New York City, double. |
| 0:58.3 | Most people had a moment of, I can't believe it's almost Christmas, almost Hanukkah, and didn't know what to do. |
| 1:06.0 | The shopping season was shorter this year. Also, Panetary now offers E gift cards. And she says people tend to spend |
| 1:12.5 | them right away, which makes her bookkeeping easier. Last year, it was about 75% was redeemed. So there's |
| 1:19.2 | still 25% a year later. It's still open. Chip Lugo, an analyst at Wallet Hub, says those unused |
| 1:25.1 | gift card dollars. Also known as spillage, and that's actually |
| 1:29.1 | declined tremendously. Because consumer protection laws have extended expiration dates or gotten |
| 1:35.1 | rid of them altogether. Lugo says if you received a gift card, you should check the amount |
| 1:39.9 | right away and link it to any online retail accounts you have to prevent loss or theft. |
| 1:45.5 | I'm Kristen Schwab for Marketplace. |
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