Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

Artificial intelligence has its hands in nearly every industry, from chatbots to healthcare, and one of the AI world's favorite new tools is <keyword id="20280828" type="General" weightage="20" keywordseo="whisper" source="keywords">Whisper</keyword>, a transcription program developed by <keyword id="19918823" type="General" weightage="20" keywordseo="OpenAI" source="keywords" meta.keywordsubtype="org" meta.entityname="OpenAI" meta.hostid="261" meta.entityid="OpenAI">OpenAI</keyword>. Whisper’s main selling point is that it supposedly delivers near “human-level robustness and accuracy,” as the company claims. But there’s a major catch — Whisper has a habit of “hallucinating.” If you’re picturing an AI tool hallucinating psychedelic visuals, it’s not quite like that. Hallucinations in AI transcriptions mean the tool has a tendency to make up words, phrases, and even entire sentences. Whisper has been known to slip in racial commentary, violent ideas, or medical jargon that no one actually said. And when used in sensitive settings like hospitals, these “creative” additions can be more than an oddity — they could be downright dangerous. <h2>The hospital risk factor</h2>Several developers and researchers have found these hallucinations are worryingly frequent. In hospitals, transcription software like Whisper is being trialed to record patient-doctor conversations. It seems like a great idea — automated transcriptions could give healthcare professionals more time to focus on patients instead of endless paperwork. But as Allison Koenecke, a professor at Cornell, points out, nearly 40% of these hallucinations could lead to misinterpretations. And, as Alondra Nelson, former director at the White House Office of Science and Technology Policy, said, “Nobody wants a misdiagnosis. There should be a higher bar.” In <keyword id="23715899" type="General" weightage="20" keywordseo="medical-transcriptions" source="keywords">medical transcriptions</keyword>, even one mistaken word can be serious. One version of Whisper, for example, took the phrase, “He, the boy, was going to, I’m not sure exactly, take the umbrella,” and turned it into something alarming: “He took a big piece of a cross, a teeny, small piece… I’m sure he didn’t have a terror knife so he killed a number of people.” Disturbing additions like these could leave hospital staff baffled or, worse, could result in patient notes that entirely misrepresent a consultation. <div type="Article" hostid="261" msid="111165894" title="Scientists find speech-to-text AI randomly adding violent language such as &amp;quot;terror,&amp;quot; &amp;quot;knife&amp;quot; and &amp;quot;killed&amp;quot; to audio transcription" mstype="2" mssubtype="0"></div>Researchers have analysed thousands of audio samples and found that hallucinations often appear in well-recorded clips, not just in low-quality recordings or when there’s lots of background noise. For instance, when someone said, “After she got the telephone, he began to pray,” Whisper turned it into “I feel like I’m going to fall, I feel like I’m going to fall…” In other cases, it has fabricated nonexistent medications, like “hyperactivated antibiotics,” or injected racial commentary where none existed. Hospitals aren’t the only ones using Whisper — its transcriptions are popping up in call centers, video captions, and consumer voice assistants. In each case, hallucinations could lead to confusion and miscommunication, particularly for those who rely on accuracy, such as the Deaf and hard of hearing community. Whisper can bury made-up text in long transcriptions, meaning someone reviewing the text may struggle to spot which parts are hallucinated, experts warn. <h2>Legal and ethical backlash</h2>With hospitals and health centers pushing forward with Whisper tools, former OpenAI engineer William Saunders believes OpenAI should address this flaw urgently. He points out, “It’s problematic if you put this out there and people are overconfident about what it can do and integrate it into all these other systems.” As usage grows, so do privacy concerns. California State Assembly member Rebecca Bauer-Kahan, who recently refused to allow a health provider to share her child’s medical recordings with OpenAI’s biggest investor, Microsoft Azure, expressed frustration about tech companies handling sensitive data. "The release was very specific that for-profit companies would have the right to have this,” Bauer-Kahan said. “I was like, ‘absolutely not.’” <div type="Article" hostid="261" msid="114683256" title="&amp;quot;Jarvis, you there?&amp;quot;: Google&amp;#39;s new AI agent might take over your web browser and carry out tasks on your behalf" mstype="2" mssubtype="0"></div>Despite the troubling feedback, OpenAI has been receptive to researchers’ findings. The company is working to address the hallucination issue, but they’ve also issued a warning: Whisper should not be used in “high-risk domains.” Yet, companies like Nabla, which offers Whisper-based tools to transcribe medical appointments, continue to integrate it. Nabla’s approach erases the original audio for “data safety reasons,” meaning hospitals may have no way to verify transcripts. Whisper’s hallucinations are a stark reminder that <keyword id="21222445" type="General" weightage="20" keywordseo="AI-in-healthcare" source="keywords">AI in healthcare</keyword> isn’t foolproof. The conversation about AI transcription flaws is picking up steam, with experts pushing for regulations and OpenAI encouraged to prioritise fixes. While AI is undeniably changing industries, sometimes its creative input needs a reality check — especially in life-and-death fields like medicine.

OpenAI's tools are making up stuff in hospital transcriptions; can be dangerous for patients, experts warn

<ul class="summary-list"><li>The Soula app has an AI chatbot, Dua, that aids mothers with postpartum depression support.</li><li>AI chatbots like Dua aim to reduce healthcare burdens and improve mental health access.</li></ul>Caring for a month-old newborn and two-year-old son felt overwhelming for LeRonika Francis.During her first postpartum period, Francis said she experienced a heavy wave of depression while dealing with a baby with <a target="_blank" class="" href="https://www.businessinsider.com/guides/parenting/why-is-my-newborn-crying">colic</a>. She ultimately sought the help of a counselor. It was not until her most recent pregnancy that she also started to use an AI chatbot on the fem-tech app Soula, which she said helped with reducing depressive symptoms and reassuring her about her mental health."It tells me: 'Welcome back, LeRonika. Your reactions are natural,'" said Francis, who is based in New Iberia, Louisiana.The AI chatbot called "Dua" also sent her some videos that she could watch about self-hugging, a practice that could reduce stress levels."I feel like Dua is there more than anything. It really showed me: OK, this is what you could do. Make sure you make time for yourself, too, because that's important as well," said Francis.Soula was co-founded by Natallia Miranchuk and Andrei Kulik, who conceptualized a 24/7 AI doula that could close the gap in mental health support for mothers during pregnancy and postpartum periods. Rather than replacing medical providers, apps such as Soula aim to increase broader access to maternal healthcare. Healthcare providers said that these apps could also help reduce the burden on the healthcare system, where wait times can be long and <a target="_blank" href="https://www.businessinsider.com/new-york-nurses-strike-labor-union-staffing-shortage-covid-2023-1">workers face burnout</a>.Business Insider spoke with OB/GYN doctors and doulas, who largely welcomed the rise in AI chatbots because they can make information more accessible to patients.According to data obtained from Sensor Tower, Soula now has more than 35,000 downloads. The startup has fundraised over $750,000 and is backed by investors such as Andrey Mikhaylyuk, the former vice president of product at <a target="_blank" class="" href="https://www.businessinsider.com/unicorn-pitch-deck-flo-health-raises-200-million-series-c-2024-7">Flo Health</a>, a period tracking app.Miranchuk told BI that her experiences as a single mother of two and her work as a former maternity photographer inspired her to develop a supportive app for women. Initially conceptualized as a hub to connect doulas worldwide to those in need, the generative AI boom shifted the startup's focus to integrating a chatbot that could serve more populations."Women are shy to ask questions, even in the community, because they have the feeling that maybe 'as a mom, I should have known that, but I don't.' And she doesn't know where to go," Miranchuk said.The ease of customizing ChatGPT has spurred a wave of new AI-based chatbots like Soula. According to Sensor Tower, the companion apps <a target="_blank" href="http://Character.ai">Character.ai</a>, Talkie, and Paradot have more than 73 million collective downloads, soaring more than 130% between 2023 and 2024. AI therapy apps such as <a target="_blank" href="https://www.businessinsider.com/wysa-mental-health-startup-raises-fresh-vc-funding-expand-coverage-2021-5">Wysa</a> and Woebot received over 1 million downloads, the data said.Corenia Smith, director of the Birth Justice Collaborative in Minnesota, said that while popularizing tools like chatbots can help broaden healthcare access, it is important to avoid a "one size fits all" and ensure that AI can reflect the communities it serves."There are cultural practices that exist and have existed for thousands of years that people still use," Smith said. "A human could talk about all their experience and what they've seen and give referrals. When you reach that limitation with an AI, it has to have the ability to hand over care or make a referral in a way where people don't feel dropped."<h2 id="245c9b56-b4a4-4a1a-abbc-5f6bbf950f49">The role of a doula</h2>The AI chatbot Dua aims to function like a doula, providing mothers with information about the pregnancy experience during a time of transition.Doulas are trained professionals who can provide non-medical, continuous physical, emotional, and information support for women before, during, and after childbirth, helping to <a target="_blank" href="https://pmc.ncbi.nlm.nih.gov/articles/PMC10292163/">reduce</a> mental health-related morbidity for the mother and reduce infant mortality rates.Access to <a target="_blank" class="" href="https://www.businessinsider.com/guides/health/reproductive-health/what-is-a-doula">doulas</a> can be costly. While there's Medicaid coverage for doulas in several states, not all private health insurance plans cover these expenses. <a target="_blank" href="https://www.sciencedirect.com/science/article/pii/S0266613821003120">Long wait times and socioeconomic inequality</a> also contribute to increased levels of stress and lack of healthcare usage among mothers and pregnant people."Traditionally, it's been something that's been available only to folks with a lot of money and a lot of resources. The people that benefit the most from doula care are those that might not trust the healthcare system," said Dr. Devon Rupley, an attending physician and OB/GYN specialist at NYC Health. "That tends to be people of color who've had previously negative experiences with racism and bias that can really harm their experience in the healthcare system generally."Rupley added that using an AI healthcare app to address basic questions can allow patients to spend higher-quality time with doctors by asking high-level questions and discussing their healthcare issues.<div type="image" title="Dua, an AI chatbot, talks to the user with texts." height="3000" width="4000" msid="114502558" hostid="261" sizebytes="72158"></div><h2 id="7b015d0f-002f-4d99-8f8d-2ae73851d6bc">How to design an empathetic AI chatbot</h2>Soula enlisted real-life doulas to help train its chatbot and strike the right tone."We can't create it to be as personable as talking to a real-life person, but we can try to create that as much as possible," said Lexi Pacheco, a doula from Arizona who worked to help refine the dialogue in Soula's chatbot Dua. For $22 per hour, she helped improve the chatbot by using it "hand-in-hand" during her pregnancies, adding in her expertise.While asking questions on Google could yield more informational responses, Pacheco said mothers would want something that provided "more of that reassurance that Google wouldn't."For Armani Grant, a Soula user who became pregnant at 18, Google felt overwhelming. The chatbot allowed her to ask questions that she wouldn't feel comfortable asking her mother. Pacheco said many women she's worked with reported similar experiences."They might even feel incompetent to ask the question, which no woman should ever feel, but with my history of working with people, they definitely tend to revert to: I'm sorry, I'm asking this question for some reason, and that might just be because of the societal pressure that more medicalized doctors have put on people that they don't give the time and day to us," Pacheco said.The app isn't meant to completely replace a doula. Moreover, retention rates of AI healthcare chatbots can be low, said Johannes Eichstaedt, a computational social scientist and assistant professor of psychology at Stanford University. The high dropout rates for healthcare apps are "an elephant in the room," he said.At the same time, Pacheco said AI bots can help "calm nerves" and fill the gaps when patients feel they are "bothering" their healthcare providers."AI isn't like a healthcare provider to give you guidance, but it's supposed to be there to give you a little bit more comfort," Pacheco said.

The AI app Soula seeks to improve healthcare access for pregnant women

Ashlee Wisdom left a toxic workplace environment after developing chronic hives.At the time, Wisdom was also getting her master's in public health at New York University, where she was learning about how social and political factors can affect specific groups' health.These experiences led her to build Health In Her HUE, a digital health platform that connects women of color to medical providers committed to serving their health needs."I had my own experience of seeing how racism impacts your health, and I saw all of this innovation happening in healthcare, but I didn't see anyone at that time building anything that addressed the specific pain points that Black women and women of color tend to have when they are navigating the healthcare system," Wisdom told Business Insider.Health In Her HUE is part of a surge in femtech, or technology companies that aim to support women's health and wellness. A report published last year by a consulting company called FemHealth Insights found that the sector was rapidly growing, with over 60% of femtech companies founded from 2017 to 2022.Historically, women's healthcare has been impaired by challenges like bias and a lack of specialized providers. But femtech offers a new way forward — one where connecting with a doctor doesn't require an in-person appointment and female founders are creating digital spaces that mirror the care they want to receive.<h2>Connectivity to close the women's health gap</h2>Increased access to <a target="_blank" class="" href="https://www.businessinsider.com/5g-advanced-standalone-6g-qualcomm-huawei-mwc-2024-3">high-speed internet</a>, the expansion of telemedicine, and demand for women-centric healthcare are some factors behind the recent support for femtech platforms and apps."In 2020, because we were left with no alternative, there was a massive increase in online services, which created a culture shift for providers and clients," said Smisha Agarwal, the executive director of the Center for Global Digital Health Innovation at Johns Hopkins University.As a result, the US healthcare sector became less resistant to remote tools like <a target="_blank" class="" href="https://www.businessinsider.com/teledermatology-future-of-skincare-musely-ceo-jack-jia-2024-6">telehealth</a> and medical apps, and patients realized they enjoyed the relative privacy of talking with a provider in their home rather than at a clinic. "These tools can change the power dynamic in a clinical relationship," Agarwal said.Health In Her HUE says nearly 14,000 women have accounts and use the website to access medical information tailored specifically to women of color; virtual peer-support groups; and medical professionals who deliver healthcare in a way that meets patients' social, cultural, and linguistic needs.Black women often confront <a target="_blank" class="" href="https://www.businessinsider.com/women-crossing-state-lines-give-birth-black-maternal-mortality-crisis-2023-9">greater difficulties</a> in accessing affordable and quality healthcare, are <a target="_blank" href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8020496/">disproportionately burdened</a> by chronic conditions, and are more likely to <a target="_blank" class="" href="https://www.businessinsider.com/how-doctors-and-community-groups-are-promoting-health-equity-2023-11">experience discrimination</a> in medical settings. "I wanted to build a platform that helps Black women, and women of color more broadly, navigate healthcare and a system that is too often precarious for us," Wisdom said.<div type="image" title="A headshot of Ashlee Wisdom on a tan background." height="810" width="1080" msid="113135183" hostid="261" sizebytes="46492"></div>Through the platform, users can look up providers by the insurance they take, their specialties, and their ZIP code, and then meet with them in person or virtually, depending on the provider.In the beginning, Wisdom reached out to providers who seemed aligned with her mission and asked if they would participate in the project. Now providers looking to join can make an account, and once they commit to the company's health-equity pledge, they're added to the directory.Wisdom said one Health In Her HUE user who felt that other doctors had ignored her symptoms got a diagnosis of polycystic ovary syndrome after meeting with a Health In Her HUE provider. Another told Wisdom that she drove three hours to meet with a gastroenterologist she found in the directory; she felt that "if a Black GI doctor saw her, they would take her symptoms more seriously," Wisdom said.For years, healthcare systems weren't <a target="_blank" href="https://www.weforum.org/agenda/2023/01/women-health-gap-davos-2023/">designed for women</a>, and there are still gaps in research and treatments for women's health issues. A study published in the Journal of Women's Health in 2021 found that funding from the US National Institutes of Health was <a target="_blank" class="" href="https://www.liebertpub.com/doi/full/10.1089/jwh.2020.8682">more likely to go toward conditions</a> that primarily affect men and less likely to go toward conditions that disproportionately affect women, like migraines and endometriosis.With this reality in mind, Joanna Strober cofounded Midi Health, a website designed to help people experiencing menopause and perimenopause access specialists. Described as a virtual care clinic, Midi Health allows people to make telehealth appointments with licensed nurse practitioners and doctors specializing in women's midlife health. Strober told BI she started the company after encountering barriers to finding menopause care."I also realized that the only way to scale this and give access to all women was to do it virtually," Strober said. "It's about connecting women to excellent care regardless of where they live."During a virtual appointment, patients can discuss perimenopause and menopause symptoms like hot flashes and brain fog. Interventions can range from lifestyle coaching to prescription medication, and Midi providers can refer patients to in-person treatments when needed. Some insurance plans cover care if the providers are in-network with PPO plans. Strober is focused on scaling insurance coverage so more women can use Midi.Strober said that as of August, about 100,000 women had used Midi in 2024. Most are between 40 and 50, and the average age is 46."It's growing really fast, and women are coming to us in increasing numbers for more issues than we originally expected," Strober said. She added that while Midi isn't intended to be a primary-care clinic, users' interest in speaking with providers about more than hormonal health demonstrates that "there are just not enough providers who are trained in women-centered care."Strober attributed an increased desire for digital platforms like Midi to improvements in telehealth technology and to women's demands for better care. The relative ease of virtual appointments is also a benefit.<h2>Investing in solutions</h2>A report by Silicon Valley Bank published last year said <a target="_blank" class="" href="https://www.svb.com/trends-insights/reports/womens-health-report/">venture-capital funding for women's health companies</a> had surged by 314% since 2018.But Strober believes that the industry has just taken off and that founders must convince investors that more money can be made. Midi Health is on its way toward doing that; the company closed a <a target="_blank" class="" href="https://www.businessinsider.com/midi-health-raising-series-b-menopause-2024-1">$60 million Series B round</a> in April.Agarwal said that as more companies enter the healthcare industry, they'll need to consider patient needs beyond health, such as <a target="_blank" class="" href="https://www.businessinsider.com/most-hospitals-dont-have-policies-for-new-ai-tech-survey-2024-2">privacy</a>. She argued that minimizing data collection and communicating about data use are imperative."Digital solutions do not replace in-person services, but they are a brilliant addition to in-person care," Agarwal added.Wisdom acknowledged that virtual care isn't a cure-all and told BI that while Health In Her HUE's main goal is connecting women of color to culturally responsive clinicians, she hopes for a future where all providers offer that level of care."We don't want Black patients always to feel like they need to be seen by a Black healthcare provider," Wisdom said. "They should feel comfortable and confident knowing that any provider they engage with can provide them with high-quality care."But for now, Wisdom said, virtual care can be a path toward accessibility. Health In Her HUE raised <a target="_blank" href="https://techcrunch.com/2024/01/08/health-in-her-hue-closes-3-million-seed-round/">$3 million in a seed round</a> in January, and Wisdom and her team are hopeful about features they can build to create a space where users know they're getting accurate information from medical providers who understand their experiences. Wisdom and her team plan to create an app and possibly partner with a telehealth company to offer virtual appointments."It feels good to build a solution that's useful for my community," Wisdom said. "I'm glad my energy is being used for a mission that deeply resonates with me."

Women face bias and disparities in healthcare. Digital tools could help meet their needs.

<ul class="summary-list"><li>Medical care costs, as well as day care and preschool prices, have climbed a lot since 2000.</li><li>Healthcare and childcare will likely continue to be pricey, affecting people's savings and income.</li></ul>Any American who's taking care of young kids or older parents knows that childcare and healthcare are too expensive. And even while <a target="_blank" href="https://www.businessinsider.com/inflation-consumer-price-index-in-july-fed-interest-rates-2024-8">inflation</a> more broadly cools, it's unlikely that the care industry is going to get more affordable anytime soon.Bryan Jamele, Care.com's head of government affairs and public policy, told Business Insider that US childcare costs "have been skyrocketing, and they're depleting the household incomes of families."A <a target="_blank" href="https://affiliate.insider.com?h=a5547ac3f05e29175b4905007fd96bc3350a8e4da3423881286d18917d091262&amp;postID=66be575c7d61a86c18699e4b&amp;postSlug=healthcare-childcare-expensive-costs-wage-growth-employment-ai-risks-2024-8&amp;site=bi&amp;u=https%3A%2F%2Fwww.care.com%2Fc%2Fhow-much-does-child-care-cost%2F">report</a> from Care.com said 35% of respondents in a 2023 survey of US adults said they dipped into their savings for care. Jamele pointed out how <a target="_blank" href="https://kpmg.com/us/en/articles/2024/may-2024-childcare-crisis-state-work-america.html">childcare prices have surged more than inflation</a> over the last several decades.Healthcare is also expensive and has seen prices climb faster than overall inflation."We know that our members make trade-off decisions if healthcare costs are too high," Pat Geraghty, CEO of insurance company GuideWell, told BI. "So, some of the very basic needs in their life may get traded out because healthcare expenses are too high, which is why the focus needs to be on how to make healthcare affordable."It's hard to picture healthcare and childcare costs dramatically coming down anytime soon because so much of care work is labor-intensive. People are needed to care for children at day care centers, aging family members at assisted living and similar places, or patients at hospitals, and it's unlikely those tasks will be automated and handed over to robots or AI anytime soon.The high care costs affect the people shelling out their money for these services and the workers who hope for higher pay. "We cannot raise wages because we cannot charge families more," Allyx Schiavone, the executive director of the Friends Center for Children, <a target="_blank" class="" href="https://www.businessinsider.com/providers-struggle-to-keep-funding-rising-childcare-costs-2023-9">previously told BI</a>.<h2 id="bc3b4457-4dd0-4353-ac13-8dfbdc0f6c4d">Why childcare and healthcare costs have surged and could continue to be pricey</h2>Childcare and healthcare costs have soared since the turn of the century, while televisions and wireless phone services have plunged."Since 2000, the cost of TVs, the cost of toys, the cost of cellphone service, the cost of software — those have all fallen a lot either because of automation, in the case of manufacturing TVs and toys, or because of scalability because of these natural monopolies and these very high fixed costs but tiny marginal costs," Julia Pollak, chief economist at ZipRecruiter, told BI. "So, you have a lot of technologies like software and cellphone service that scale and allow companies to charge less and less over time."Meanwhile, Pollak said, "the cost of services that cannot be automated" and scaled have been labor intensive and have seen prices skyrocket. That would include some costs related to healthcare and childcare. Pollak said, "Hospital services, medical care, childcare — the cost of all those have grown dramatically."Pollak said artificial intelligence will probably lessen the costs for tech and other services but likely won't be the case for healthcare and childcare. Still, there are ways AI can help lessen care costs. Geraghty pointed out, for instance, AI tools in radiology detecting disease earlier.Childcare and healthcare have also seen <a target="_blank" class="" href="https://www.businessinsider.com/teacher-shortage-schools-nurses-daycare-costs-inflation-rate-retail-workers-2023-10">labor shortages</a>, and while <a target="_blank" class="" href="https://www.businessinsider.com/ai-helping-health-insurers-doctors-with-administrative-tasks-2023-9">AI and automation could be helpful in these sectors</a>, there likely still will be demand for new workers. For instance, childcare providers are typically required to have a minimum ratio of caregiving staff to children under their supervision. Some healthcare jobs could be at risk from AI, but as the population ages, healthcare will need people in care and other jobs.It's not just about whether things can be done with the help of automation that's affecting costs."We see things happening in the healthcare sector like private equity coming in and buying physician offices," Geraghty said. "When they do that, they want a return, and their desire to get a return pushes the cost of healthcare up."Additionally, Pollak said the widening of remote work outside healthcare and childcare could mean the costs for these two types of care increase. "In order to compete, those on-site employers in day care services and hospitals need to pay workers more to veer them away from jobs that are more flexible," Pollak said.The problem is how to do exactly that while also being able to pay operating costs. Jamele said it's expensive to run childcare centers, including to have a certain number of people working and trying to offer competitive pay. "I've heard anecdotally as well that a lot of these childcare workers are leaving," he said. "Other jobs in retail are paying more in some cases in some states."<h2 id="556cb6bd-eaeb-4e72-acfe-162e0c2ca5a0">Wages and prices</h2>"Inflationary pressure on wages over the past two (2) years has driven the cost of healthcare and childcare higher," Scott Hamilton, Gallagher's global chairman of human resources and compensation consulting, said in a written statement. "These increased costs are both being passed on through increases in health insurance premiums to employers as well as higher prices of daycare and after-school care for employees."Even in just a year, childcare costs have increased on average. Care.com's <a target="_blank" href="https://affiliate.insider.com?h=a5547ac3f05e29175b4905007fd96bc3350a8e4da3423881286d18917d091262&amp;postID=66be575c7d61a86c18699e4b&amp;postSlug=healthcare-childcare-expensive-costs-wage-growth-employment-ai-risks-2024-8&amp;site=bi&amp;u=https%3A%2F%2Fwww.care.com%2Fc%2Fhow-much-does-child-care-cost%2F">2024 Cost of Care Report</a> shows that average day care costs have surged for an infant — from $284 a week in 2022 to $321 in 2023.Workers in the childcare services sector are seeing higher earnings than the same month a year prior, just like workers in healthcare. These two sectors have seen wage growth outpace inflation. While the consumer price index rose 3.0% year over year in June, average hourly earnings rose 5.2% for the childcare services sector and 3.6% for the healthcare sector.Despite that robust wage growth in childcare, average hourly earnings for this sector are low compared to the overall figure for private employees — $20.87 an hour for childcare services in June compared to $34.99 for total private employees. The healthcare sector's average in June was $37.57.Jamele said the US childcare system should be reimagined, including modernizing and enhancing tax programs for families so that the programs "meet the economic realities of families in 2024.""We also need to take a hard look at supporting the caregiving workforce as well and addressing some of those issues on that end of the spectrum, if you will, because they really are the foundational crack in the childcare delivery system," Jamele said. "If you don't have the workers or enough of the workers and they're not professionalized in such a way to meet that demand, then you can change childcare policy all you want, but you're going to still have a major deficit if you don't have the workers to employ that."

Why healthcare and childcare likely aren't going to get cheaper anytime soon

New Delhi [India], July 11 (ANI): <keyword id="21467964" type="General" weightage="20" keywordseo="Indegene" source="keywords" meta.keywordsubtype="org" meta.entityname="Indegene" meta.hostid="266" meta.entityid="Indegene">Indegene</keyword> partnered with <keyword id="19895622" type="General" weightage="20" keywordseo="Microsoft" source="keywords" meta.keywordsubtype="org" meta.entityname="Microsoft" meta.hostid="266" meta.entityid="Microsoft">Microsoft</keyword> on Thursday to leverage <keyword id="19896272" type="General" weightage="100" keywordseo="Generative-AI" source="keywords">generative AI</keyword> for the <keyword id="21988347" type="General" weightage="20" keywordseo="medical-industry" source="keywords">medical industry</keyword>, the company informed the exchange in a filing. The partnership aims to help empower global <keyword id="19992819" type="General" weightage="20" keywordseo="life-sciences" source="keywords">life sciences</keyword> companies to scale up the adoption of enterprise-grade Generative <keyword id="6355999" type="General" weightage="20" keywordseo="AI" source="Orion">AI</keyword> (GenAI) services, driving faster innovation. Indegene provides digitally enabled commercialization services for the life sciences sector, emerging biotech, and medical device firms. "GenAI presents a once-in-a-decade opportunity for life sciences companies to modernize business processes and reimagine the effectiveness and efficiency of their operations throughout the value chain. Using GenAI, we're closely working with many of our clients to solve specific business problems, with nearly 50 real-world use cases already in an advanced pilot stage", said Tarun Mathur, CTO, of Indegene. Both companies have committed to developing resources in highly specialized medical and technology tools to co-innovate generative <keyword id="20411515" type="General" weightage="20" keywordseo="AI-services" source="keywords">AI services</keyword> and workflows across commercial, medical, regulatory, and clinical functions. "With a focus on the right use cases, a responsible and compliant approach to scaling up, and shared learnings, we put generative AI to work for our clients", added Tarun. Under the agreement, one of the key initiatives is the Content Super App, which uses Azure OpenAI Service. This modular content value chain simplifies content creation and tagging for life sciences companies, offering a comprehensive view of the content process. It enhances content creation speed, personalizes content, and introduces new conversation formats. Additionally, it streamlines creative and video transformation, effectively engaging healthcare professionals, patients, and payers. Generative AI capabilities are also revolutionizing the medical content value chain. Indegene's solutions accelerate the authoring of key documents like Clinical Study Reports (CSRs) and Protocols by sourcing content from relevant literature. This ensures compliance across clinical and regulatory domains. "Generative AI is profoundly shaping every industry, including life sciences, by offering unprecedented avenues for <keyword id="21146848" type="General" weightage="20" keywordseo="healthcare-technology" source="keywords">healthcare technology</keyword> advancements. According to a Microsoft-commissioned study conducted by IDCi, a staggering 79 per cent of healthcare organizations have now embraced AI. This demonstrates that the tangible business value of this transformation is indisputable" said Alok Lall, Chief Operating Officer, Microsoft India &amp; South Asia. In terms of data management and analytics for clinical trials, Indegene's solutions, using Microsoft Fabric, enhance data ingestion and refinement processes. It also facilitates effortless reporting and ensures governance. The company added that the agreement results in proficient analytics, compliance adherence, and agility in business operations, providing a competitive advantage in the marketplace.

Indegene ties up with Microsoft to leverage generative AI for the Medical Industry, drive faster innovation

The rise of <keyword id="19904566" type="General" weightage="20" keywordseo="Artificial-Intelligence" source="keywords">Artificial Intelligence</keyword> (<keyword id="6355999" type="General" weightage="100" keywordseo="AI" source="Orion">AI</keyword>) has ignited a mix of fascination and anxiety worldwide. The amazement is often centred on AI's transformative potential, while the apprehension tends to focus on the spectre of AI usurping human jobs. Although AI taking over jobs still seems like a far-off prospect, the real and present danger is humans leveraging AI against each other in the job market. Now, fresh insights from Microsoft and LinkedIn have confirmed this, revealing that individuals who don’t acquire <keyword id="20958400" type="General" weightage="20" keywordseo="AI-skills" source="keywords">AI skills</keyword> risk losing <keyword id="19899522" type="General" weightage="20" keywordseo="career-opportunities" source="keywords">career opportunities</keyword> to those who do. This research, which surveyed over 30,000 individuals across 31 countries, highlights a striking trend: nearly 70% of leaders now prioritise AI proficiency over experience in hiring decisions. Essentially, they are more inclined to choose a candidate with AI knowledge over a seasoned professional lacking such skills. “Learning basic AI skills — such as prompt engineering, machine learning or data literacy — is the best insurance to shortcut your competitiveness against people who might have more experience,” Aneesh Raman, a vice president and workforce expert at LinkedIn, told <a href="https://www.cnbc.com/2024/06/18/ai-skills-can-help-you-land-a-job-or-promotion-faster-says-new-research-.html">CNBC Make It</a>. <cmsannotation type="cmsannotation" annotationid="Gen Z's AI advantage: Outpacing experience with cutting-edge skills" comment="subhead" text="Gen Z's AI advantage: Outpacing experience with cutting-edge skills"><keyword id="159493" type="General" weightage="20" keywordseo="Gen-Z" source="Orion">Gen Z</keyword>'s AI advantage: Outpacing experience with cutting-edge skills</cmsannotation> With the growing emphasis on AI skills in hiring, younger candidates with AI acumen are likely to have a competitive edge over their more seasoned counterparts, potentially fast-tracking their rise within organisations. Gen Z, the digital native generation, is more prone to incorporating these AI tools at work compared to millennials, Gen X and Baby Boomers. Moreover, 77% of leaders are inclined to grant early-career professionals with AI expertise more significant responsibilities at work, the findings from Microsoft and LinkedIn reveal. In fact, Lydia Logan, IBM’s Vice President of Global Education and Workforce Development, predicts that the swift adoption of AI in the workplace will notably transform entry-level job duties. Raman notes that AI can also propel <keyword id="20687191" type="General" weightage="20" keywordseo="young-professionals" source="keywords">young professionals</keyword>’ careers by offering rapid access to personalised career guidance, market analysis and other data-driven insights, boosting their confidence and proficiency in their roles. <cmsannotation type="cmsannotation" annotationid="Hype around AI only just starting to build" comment="subhead" text="Hype around AI only just starting to build">Hype around AI only just starting to build</cmsannotation> Colette Stallbaumer, general manager of Microsoft Copilot and co-founder of Microsoft WorkLab, has insisted that the hype around AI is far from reaching its peak. In fact, it is only just starting to gain momentum. The report by Microsoft and LinkedIn adds that the adoption of generative AI tools has surged in workplaces, doubling over the past six months. This trend isn't limited to programmers and engineers; professionals across various fields such as architecture, project management and administration are increasingly seeking to build their AI aptitude as well. Even industries traditionally outside of tech, such as healthcare, finance and marketing, are swiftly integrating AI technologies to streamline operations and bolster productivity. This rapid adoption is creating a surge in demand for professionals proficient in AI tools, opening up new <keyword id="19970109" type="General" weightage="20" keywordseo="job-opportunities" source="keywords">job opportunities</keyword>. Stallbaumer notes: “Less than two years after generative AI burst onto the scene, we’re seeing this technology being woven into the fabric of work across a wide range of industries. This is happening at a pivotal time where the pressure, volume and pace of work from the COVID-19 pandemic has hardly let up. Employees are overwhelmed and turning to AI for help.” Some tech giants like Google and Amazon are also investing in training their workforce in AI skills, although this proactive approach remains an exception rather than the norm. Only a quarter of companies surveyed by Microsoft and LinkedIn have plans to provide training on generative AI tools like ChatGPT and Microsoft Copilot. As more professionals embrace AI tools to enhance efficiency and effectiveness in their roles, the journey towards integrating AI into everyday work practices appears to be accelerating. This promises a transformation—one that will bring fresh opportunities as well as renewed challenges.

AI skills could help professionals seize more job opportunities, accelerate Gen Z careers: Microsoft-LinkedIn report

<ul class="summary-list"><li>After a failed honeymoon, Katie Flynn and Bhavik Mistry quit their jobs as pharmacists to travel for a year.</li><li>They sold 95% of their belongings and saved for a year and a half before embarking on the trip.</li></ul>A week into their <a target="_blank" class="" href="https://www.businessinsider.com/i-went-on-honeymoon-alone-by-myself-solo-2023-10">honeymoon</a> in 2022, Katie Flynn and Mistry Bhavik faced a major healthcare: Flynn had caught a severe amoeba infection while traveling in the Philippines. The monthlong vacation they had been dreaming about had to be cut short.Both full-time pharmacists in Ontario, Canada, the couple had no idea when they could travel for a long period again. Although Flynn had three weeks of vacation days, Mistry would have had to take unpaid leave as a contract pharmacist.At the same time, they were feeling <a target="_blank" class="" href="https://www.businessinsider.com/burnout-work-boss-left-office-on-stretcher-2024-4">burned out</a> by their healthcare jobs. The COVID-19 pandemic had taken a toll on their mental health, and it was getting harder to give their best at work."I was noticing that I didn't have that same degree of patience and compassion, and I was not being the best version of myself," Mistry said. "I knew I needed a hard reset."So they made a plan: Save as much as possible for a year and a half, then <a target="_blank" class="" href="https://www.businessinsider.com/buying-a-one-way-ticket-to-switzerland-changed-my-life-2018-6">leave on a one-way ticket</a>.<h2 id="4bedd4ba-f540-4c6e-86f9-40a1c3c843bd">Friends and family were hesitant about the gap year</h2>"My family was initially surprised that I wanted to 'throw away' the things I've been working toward," Mistry said.Many people also asked Flynn and Mistry, both in their early 30s, <a target="_blank" class="" href="https://www.businessinsider.com/millennial-dink-who-never-having-kids-selfish-2024-1">questions about having children</a>. They responded with frustration: "Sometimes, it kind of feels like it's the only thing that people want to talk to us about at our age," Flynn said.Moreover, taking a <a target="_blank" class="" href="https://www.businessinsider.com/world-travel-with-kids-costs-budget-family-gap-year-worldschooling-2024-4">gap year</a> is less common among people in their age group, Mistry said.Most of their peers had gone on long-term trips after graduation. But Flynn and Mistry had pursued advanced degrees and graduated in their mid-20s with significant <a target="_blank" class="" href="https://www.businessinsider.com/personal-finance/student-loans/how-to-pay-off-student-loan-debt-fast">student debt.</a>So, after working for a few years and establishing themselves professionally, they decided it was the right time to leave.<h2 id="635a5ebf-6779-481c-9cee-78340985cd75">Their first step was to set a realistic budget</h2><div type="image" title="A man and a woman pose with their bag packs." height="1537" width="2050" msid="112092608" hostid="261" sizebytes="104206"></div>Flynn and Mistry turned to other travel bloggers and sites like <a target="_blank" href="https://www.budgetyourtrip.com/">Budget Your Trip</a> to decide on their budget. However, they got a mix of responses. Some had spent generously to <a target="_blank" class="" href="https://www.businessinsider.com/best-lesser-known-travel-destinations-now-luxury-trip-planner-2024-7">travel in luxury</a> while others kept to small budgets."We had to be realistic about what our travel style is. We don't want to camp for 365 days," Flynn said.The couple set a budget of $45,000 — or $123 per day for both — for their yearlong trip. This daily budget is less than what they spend in Ontario, which they estimate is around $220 per day.<h2 id="3a357254-4a75-4a47-aafe-237d6b69ca9a">Alternate income streams to fund their travel</h2>On top of their full-time jobs, they rented out their basement for $868 a month. Additionally, they sold 95% of their belongings on Facebook Marketplace — including their furniture, electronics, and clothes, and say they made around $7,200.They also participated in paid focus groups, which amounted to around $360.<h2 id="ab919674-30f6-47bf-a30f-bf330aa06514">Planning as they go along</h2>After a year and a half of saving, the couple finally set off to <a target="_blank" class="" href="https://www.businessinsider.com/tips-for-going-to-japan-avoid-mistakes-travel-advice-2024-7">Japan </a>in May. However, apart from booking hotel rooms in advance, the couple did not plan an itinerary."Our goal was to have a year of freedom. So we didn't want to overplan away the freedom," Flynn said.The next stop was <a target="_blank" class="" href="https://www.businessinsider.com/expat-bangkok-thailand-better-life-low-cost-living-culture-home-2024-5">Thailand</a>, and their original plan had been to fly to Malaysia next. However, after spotting affordable flights to Sri Lanka, they spontaneously decided to book tickets there instead."It's nice to be able to figure it out like that," said Flynn, who added that planning less often leads them off the beaten path.<div type="image" title="A man and woman are sitting on a platform. Two elephants roam behind them." height="3671" width="2065" msid="112092702" hostid="261" sizebytes="878516"></div>Two months into their adventure, they regularly update their Instagram page, <a target="_blank" class="" href="https://www.instagram.com/katieandbhav?igsh=cHQ1eXl1bnU0aGxl">@katieandbhav</a>, where they have also found a community of like-minded travelers.<h2 id="19513db2-08f8-443f-b500-c8502139956f">For burned-out millennials, long-term travel offers respite</h2>Flynn and Mistry are not alone in their burnout, which the <a target="_blank" class="" href="https://www.who.int/news/item/28-05-2019-burn-out-an-occupational-phenomenon-international-classification-of-diseases">World Health Organization</a> defines as a syndrome caused by chronic workplace stress.According to a <a target="_blank" class="" href="https://www.apa.org/pubs/reports/work-in-america/2024">2024 Work in America Survey</a> conducted between March and April by the American Psychological Association among over 2,000 adults, 67% of workers reported experiencing at least one outcome associated with burnout.Some millennials, like Flynn and Mistry, have turned to long-term travel to escape corporate life.Olivia Young, a millennial who used to work in public relations, previously wrote for Business Insider that <a target="_blank" class="" href="https://www.businessinsider.com/i-quit-my-job-to-travel-the-world-2018-8">she quit her job to travel</a> after facing burnout. She flew to New Zealand on a working holiday visa and said the experience gave her the freedom to live a life she's passionate about.For Jo Fitzsimons, who left her job as a lawyer in 2010, her plan to <a target="_blank" class="" href="https://www.businessinsider.com/quit-lawyer-job-become-full-time-travel-blogger-2024-1">travel during her career break</a> became a full-time commitment. Now, she is a travel blogger who has traveled to over 50 countries, she told BI.As for Flynn and Mistry, life after their gap year remains uncertain."We both do love our jobs. We like being pharmacists," Mistry said.Flynn is unsure what will happen at the end of the year. "We're just trying to be in the moment right now and not overthink it."

Burned out from their healthcare jobs, this millennial couple sold almost everything to take a gap year around the world

<ul><li><keyword id="20253823" type="General" weightage="20" keywordseo="domestic-cyclicals" source="keywords">Domestic cyclicals</keyword> will aid <keyword id="19899597" type="General" weightage="20" keywordseo="earnings-growth" source="keywords">earnings growth</keyword> of sectors like healthcare, cement and auto.</li><li><keyword id="21145229" type="General" weightage="20" keywordseo="global-factors" source="keywords">Global factors</keyword> may have impacted sectors like <keyword id="21233480" type="General" weightage="20" keywordseo="oil-gas-companies" source="keywords">oil &amp; gas companies</keyword>, metals and <keyword id="20034409" type="General" weightage="20" keywordseo="speciality-chemicals" source="keywords">speciality chemicals</keyword>.</li><li>Consumer, technology and capital goods are expected to exhibit moderate growth. </li></ul>In the fourth quarter of FY24, Indian companies that bank on domestic demand would have done much better than those which depend on the globe for growth, say forecasts. Healthcare, cement and automobile companies are expected to report strong double-digit growth in profits, while oil &amp; gas companies, metals and speciality chemicals are expected to see a profit decline, according to an India Strategy report by Motilal Oswal. Consumer, technology and capital goods are expected to exhibit moderate growth. “We estimate Nifty earnings to grow 6% YoY in 4QFY24. Margin tailwinds are likely to narrow due to a high base. Earnings before interest tax depreciation and amortization (EBITDA) margin is projected to remain flat for the Nifty at 19.8%, on account of a high base. Overall earnings growth is anticipated to be driven, once again, by domestic cyclicals, such as Auto and BFSI. Conversely, earnings growth is expected to be weighed down by global cyclicals, such as O&amp;G and Metals, which are anticipated to decline,” says Motilal Oswal's report. Index-wise earnings forecast for Q4 FY24 <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Index </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 Revenue growth YoY </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 PAT growth YoY </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nifty </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">9% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sensex </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3% </td></tr></tbody></table>Source: Motilal Oswal NBFCs to lead growth in the BFSI sector Non-banking financial companies (NBFC) as well as private banks are expected to lead the growth in the BFSI sector in the coming quarter. Public sector banks are expected to see healthy growth as well but will be at their lowest in 8-10 quarters, forecasts Motilal. Equirus also sees NBFC and private sector earnings growth in double digits. “4QFY24 is expected to have 16% loan growth driven by retail and business banking. Sequentially, net interest margin (NIM) will compress for most banks due to the upward repricing of deposits. Among NBFC, Gold, Diversified and microfinance institutions (MFIs) to report strong growth,” says a report by Equirus. The most watched tech sector, however, is expected to continue with its weak revenue growth performance, hit by furloughs and a cut in discretionary spending. It also falls under the theme of global cyclicals impact. Most of the companies in the sector’s earnings growth has been stagnant for the last six quarters. “Sluggish performance from top-6 large caps continues with -1.2% to 1.3% QoQ growth in CC terms along with a flattish margin. MidCap IT to outperform large peers with QoQ sales growth of 2.4% against 0.3% for large caps,” says Equirus. Q4 FY24 Earnings Forecast <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sector </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 Revenue growth YoY </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q4 PAT growth YoY </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Healthcare </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">33% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Cement </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">32% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">EMS </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">36% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">22% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Automobiles </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">12% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">20% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Consumer </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">7% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Capital Goods </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">5% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Technology </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Real Estate </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-2% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Metals </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-5% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-12% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Oil &amp; Gas </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-6% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Chemicals-Specialty </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-9% </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-38% </td></tr></tbody></table>Source: Motilal Oswal Consumer, retail to see sluggish growth Like the IT sector, the FMCG sector too is expected to see sluggish growth in FY24 due to a much-delayed uptick in rural consumption. <a href="https://www.businessinsider.in/business/corporates/news/caught-between-devil-and-deep-sea-fmcg-majors-are-losing-both-mass-and-premium-consumers/articleshow/108960816.cms">Competition from smaller players</a> has also been eating into top companies’ sales in select staples, leading them towards price cuts. “Steady growth in urban markets, soft demand trend in rural markets, further moderation in pricing growth and a YoY margin expansion off a weak base would be the key trends for the staple companies,” says Equirus. Going ahead, however, FMCG players could see a better year, believes Motilal Oswal. “FY24 was an interim phase when price cuts and consumer offers impacted revenue growth, while volume recovery lagged (around 12-15 months). We believe volume growth has bottomed out and expect a better print in FY25,” it adds. The retail sector might also see some improvement due to the wedding and festival season. “Demand is expected to remain subdued in the retail space as January was soft and February was slightly better, benefiting from the wedding season and partly from the extended winter season. Metros/Tier 1 cities/towns continue to outperform Tier 2/Tier 3 cities,” says Motilal Oswal. But, overall trends remain weak especially if compared on a year-on-year basis. Added to that, many companies have been expanding their store footprints. “Continued weakness in demand trends to result in muted performance for most apparel &amp; footwear players, though network addition &amp; low base of last year to make revenue numbers optically higher,” opines Equirus. On an overall basis, the key commentary from companies that investors would watch include demand trends for the coming year. The key ponderables by investors in FY25 would be political continuity in the upcoming election season, consumption trends, as well as the pace of institutional inflows into equity. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend readers consult certified, qualified and registered advisors for professional and personalised financial advice.

Earning forecasts for Q4 FY24: Healthcare and cement companies to shine

<ul class="summary-list"><li>The wording in many anti-LGBTQ bills originates from a few select activist groups.</li><li>The AP analyzed 130 bills across 40 states, finding common language attributable to a group called Do No Harm.</li></ul>Nearly identical pieces of anti-LGBTQ legislation are popping up in state legislatures across the country, and it's no coincidence.From <a href="https://www.motherjones.com/politics/2016/04/alliance-defending-freedom-lobbies-anti-lgbt-bathroom-bills/" target="_blank" rel="noopener">bathroom bills</a> to <a href="https://www.npr.org/2022/04/10/1091543359/15-states-dont-say-gay-anti-transgender-bills" target="_blank" rel="noopener">"Don't Say Gay"</a> legislation, lawmakers pushing restrictive policies are creating a patchwork of legal anti-trans and anti-queer discrimination across the country. Much of the wording from these anti-trans bills comes from conservative groups like Do No Harm and the Family Research Council, <a href="https://apnews.com/article/transgender-health-model-legislation-bills-4eb5e34c72f8a0d91d00158586289ba3" target="_blank" rel="noopener">The Associated Press</a> discovered after analyzing 130 bills across 40 states.These groups produce ready-made bills to serve as models that can be easily replicated in different states. The bills have similar preambles and citations, proclaiming the so-called dangers of gender-affirming healthcare — which the majority of the <a href="https://www.aclu.org/news/lgbtq-rights/doctors-agree-gender-affirming-care-is-life-saving-care" target="_blank" rel="noopener">medical community says</a> is essential, life-saving care.The Family Research Council has been around for decades, using human rights issues like gay marriage or abortion to mobilize conservatives. Do No Harm is much newer, <a href="https://www.prnewswire.com/news-releases/do-no-harm-will-lead-the-fight-against-divisive-ideology-hurting-healthcare-301528195.html" target="_blank" rel="noopener">launching last year</a> in an effort to shield "patients and physicians from woke healthcare." "We know that woke medical education and research are already impacting healthcare providers, and now federal and state policymakers are forcing woke policies into medicine," Kristina Rasmussen, executive director of Do No Harm, said in an April 2022 <a href="https://www.prnewswire.com/news-releases/do-no-harm-will-lead-the-fight-against-divisive-ideology-hurting-healthcare-301528195.html" target="_blank" rel="noopener">press release</a>. "Woke discrimination hurts the people it claims to help."The nonprofit has made an impact. Lawmakers in Montana, Arkansas, Iowa, Mississippi, New Hampshire, and West Virginia have all used wording nearly identical to the model legislation put forth by Do No Harm, the AP found.Despite claims from the organization — and the few medical doctors on its staff — that it protects healthcare workers and patients from <a href="https://donoharmmedicine.org/" target="_blank" rel="noopener">"discriminatory, divisive ideologies,"</a> the nonprofit's position conflicts with the recommendations of leading medical organizations, which warn against promoting pervasive stigmas against LGBTQ people."Simply, there is no scientific basis for discriminating against sexual and gender minorities," a 2020 American Psychological Association <a href="https://www.apa.org/about/policy/resolution-opposing-discriminatory-laws.pdf" target="_blank" rel="noopener">resolution</a> said. "History illustrates that stigma, stereotypes, and propagation of fear via discourse are often used as tools in establishing and maintaining oppressive and discriminatory legislation and policy against sexual and gender minorities."Several other medical groups have joined calls to stop anti-trans policies from taking hold across the nation — like the American Academy of Pediatrics, the American Public Health Association, and the National Education Association, to name a few. Do No Harm's <a href="https://donoharmmedicine.org/about/">website</a>, meanwhile, says: "This is just the beginning." "2023 is already shaping up to be even bigger, bolder, and more impactful," the website says.

Do No Harm, a group of 'medical professionals' fighting 'woke healthcare,' is behind many anti-trans laws

<ul class="summary-list"><li>Compassion fatigue is the limit where you're no longer able to feel empathy or sympathy for others.</li><li>Below, a licensed clinical counselor outlines key ways that caregivers can avoid compassion fatigue. </li></ul>When<a href="https://www.instagram.com/elevatementalwellness/" target="_blank" rel="noopener"> Andrea Sorber</a>, a licensed clinical counselor, was embedded with US troops overseas during the pandemic, she was exposed to a lot of grief and trauma. "There was a season of my life where within three months I lost seven people, went through a breakup, and had some health challenges," Sorber says. "And all while that was going on, I'm providing services to other people who are walking through their own stuff."People in healthcare, like Sorber, are especially at risk for a mental health condition called <a href="https://store.samhsa.gov/sites/default/files/SAMHSA_Digital_Download/PEP20-01-01-016_508.pdf" target="_blank" rel="noopener">compassion fatigue</a> where you get so overexposed and overwhelmed from others' suffering that you essentially shut down emotionally and lose, or see a reduction, in your capacity to <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7560777/" target="_blank" rel="noopener">sympathize and empathize</a>. The condition is also <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7560777/#:~:text=Over%20the%20longer%20term,%20compassion,others%20manifest%20mental%20health%20problems." target="_blank" rel="noopener">linked to symptoms</a> like headaches and depression.But Sorber, in her 19 years of clinical practice, has managed to avoid compassion fatigue, which is a notable feat given that this condition increased among healthcare providers during the pandemic. Below are the tips that have helped Sorber through it all and that she recommends for others, too. <h2>1. Know your why</h2>When Sorber is called to a specific job — like that overseas deployment during the pandemic — she says she focuses on why she's there. Having a clear idea of why you're doing the work can help you through the pain or trauma as well as provide a feeling of fulfillment that may offer <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6242309/" target="_blank" rel="noopener">some protection against</a> compassion fatigue. In fact, research <a href="https://research.cornell.edu/news-features/benefits-having-sense-purpose" target="_blank" rel="noopener">shows</a> that people with a strong sense of purpose are better able to navigate tough times."When we are helping people, people are messy, so it's gonna be messy and it's gonna be a lot and it's gonna be overwhelming," Sorber says. <h2>2. Be intentional about caring for yourself</h2>To avoid compassion fatigue, you must take care of yourself. That includes the<a href="https://www.samhsa.gov/dtac/ccp-toolkit/self-care-for-crisis-counselors" target="_blank" rel="noopener"> basics</a>: like eating healthy, getting enough sleep, exercising, and finding ways to relax. Each of those steps can build<a href="https://www.insider.com/i-was-a-military-wife-for-21-years-2022-8"> resilience</a>, a quality that helps you better cope with stressors. While stress relief is unique to each person, Sorber says she turns to<a href="https://www.insider.com/guides/health/treatments/acupuncture-benefits"> acupuncture</a>. Before leaving for a stressful work assignment, Sorber books a session for when she returns. "It's a good way for me to prioritize myself and be really intentional about taking care of me," she says. <h2>3. Set boundaries </h2>"If we over give, we're not doing anybody any favors," she says. It's hard to provide care when you're being pulled in a million directions. So, sometimes it's necessary to say no to extra shifts, volunteer opportunities, or social engagements in order to avoid overexposing and overworking yourself that may lead to compassion fatigue. "There is a lot of research on<a href="https://www.insider.com/guides/health/sex-relationships/boundaries-in-relationships"> boundaries</a> and just how important that is not just in compassion fatigue, but in every area of life," Sorber says. <h2>4. Ask for help</h2>Sometimes, caregivers need someone to care for them. "Even though we're the strong ones, we're still human," Sorber says. "So before you are a therapist, before you are in law enforcement, a doctor, EMT, firefighter — whatever it is — you are human."<a href="https://www.samhsa.gov/dtac/ccp-toolkit/self-care-for-crisis-counselors" target="_blank" rel="noopener">Talking</a> with a mental health professional,or <a href="https://store.samhsa.gov/sites/default/files/SAMHSA_Digital_Download/PEP20-01-01-016_508.pdf" target="_blank" rel="noopener">other people in your field</a>, can help you process your experiences and feelings of compassion fatigue. Reaching out early on can help you get your symptoms under control before they begin to interfere with your health or your profession. During her own tough time during deployment, Sorber was able to draw strength from the people around her. "Everyone there knew that I was walking through my own grief," she says. <h2>5. Give to yourself</h2>Sorber says the old saying about applying your own oxygen mask first is overused — but for good reason. And though giving to yourself is similar to the tips above, it's too often overlooked by caregivers, who often <a href="https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8812061/" target="_blank" rel="noopener">feel guilty</a> about taking time for themselves. "It's so true because if you're just giving and giving and giving, and not allowing people to pour back into you, and not pouring back into yourself, you're just going to be giving from a place of depletion," she says. "Then that can quickly turn into a place of resentment, which we do not want."Fostering relationships with friends and family, making time for relaxation, and pursuing hobbies that fill your cup can all help keep compassion fatigue at bay. <h2>Insider's takeaway </h2>Compassion fatigue is a combination of burnout and secondary trauma that affects healthcare workers, first responders and others in high-stress jobs. In order to avoid this loss of empathy and sympathy, it's important to take care of yourself, Sorber says. While the fundamentals above apply to anyone, it will take some experimentation to find the specific strategies that work best for you. "What works for you may not work for everybody else," Sorber says. But no matter who you are, giving yourself a bit of extra grace can help you care for yourself even when you're having difficulty caring for others, she says.

A healthcare professional of 19 years shares how she avoid burnout and compassion fatigue

<ul class="summary-list"><li>Americans are moving to Puerto Rico for the climate, adventure, and tax breaks.</li><li>People must also consider other aspects, such as schools, which are struggling to meet demand.</li></ul>Puerto Rico is becoming an increasingly popular destination for <a target="_blank" href="https://www.businessinsider.com/retire-puerto-rico-tax-benefits-healthcare-residency-requirements-real-estate-2024-1">Americans looking to relocate for tax purposes</a>.While the island boasts promises of adventure and financial incentives designed to attract investors and entrepreneurs, the move comes with challenges. Newcomers to Puerto Rico told Business Insider they've had difficulty navigating the complexities of healthcare, education, and even buying goods like furniture."I don't sugarcoat it; it's not for everyone," said Ricky Santana, founder and managing partner of Colectivo Group, a real estate firm in Puerto Rico that helps Americans move to the island. "You need to realize you're moving to a small island in the Caribbean where it's still great but there's going to be some trade-offs."From 2021 through 2022, about 27,000 people moved to Puerto Rico from the US states, according to data collected by the <a target="_blank" href="https://www.census.gov/topics/population/migration/guidance/state-to-state-migration-flows.html">US Census Bureau</a>. The territory's tax incentive, <a target="_blank" rel=" nofollow" href="https://www.investpr.org/why-puerto-rico/tax-benefits-policy/?nis=6">Act 60</a>, is a big draw for many.Though mainlanders can move to Puerto Rico, if they do get residency, they can apply for a 15-year decree under Act 60. If approved, the person or business only has to pay a 4% fixed rate on income and can receive a 75% reduction in property taxes.In addition, individuals do not have to pay any taxes on capital gains accrued after becoming residents and businesses benefit from a 50% reduction in municipal license taxes.These <a target="_blank" href="https://www.change.org/p/puerto-rico-state-senate-eliminate-puerto-rico-s-act-60-act-20-22">benefits do have opponents</a> and can be a political hot-button topic locally. According to Santana, politicians must find ways to appease native Puerto Ricans who are upset because they do not get the same tax breaks while also acknowledging quietly that the incentives are working to boost the island's economy.<h2>The economic impact is real, but come prepared</h2><div type="image" title="a woman shopping in san juan" height="1875" width="2500" msid="107527276" hostid="261"></div>One big consideration before relocating to Puerto Rico is ensuring the entire family is on board and will have what they need, Santana said."If your family, if your spouse, they can't adapt to Puerto Rico, it doesn't matter how much taxes you're saving, it is not going to work," Santana said.One of the biggest challenges for families with young children is finding the right school, Santana said. He added there are several well-rated bilingual schools on the island, but they are struggling to handle the bandwidth of the growing population, especially in the areas deemed most desirable for the mainlanders moving to the island.One of those areas is Dorado, a city about 20 miles west of San Juan on the island's north side, where many of the more expensive homes are being built. While a family may find the home and community they desire in that area, if there is no availability in the local school, the children may be forced to commute 35 to 40 minutes each way to a school in San Juan.<div type="image" title="Map of Puerto Rico" height="2195" width="4000" msid="107527280" hostid="261"></div><h2>Other challenges include healthcare and services</h2>Another big issue that people need to consider before moving to Puerto Rico is the state of the healthcare system.Sarah Lindsey and Sean Flynn, <a target="_blank" href="https://www.businessinsider.com/retire-puerto-rico-tax-benefits-healthcare-residency-requirements-real-estate-2024-1">a semi-retired couple that moved to Humacao, Puerto Rico</a>, from Austin in 2021, previously told Business Insider that healthcare insurance is cheap, but "you're kind of getting what you paid for."Santana noted healthcare can be especially problematic if you need a specialist on the island. If you can find one, there might be a long wait, and other times, you might need to fly to Miami or New York for the necessary care.<div type="image" title="Ricky Santana, Founder and Managing Partner of Colectivo Group" height="650" width="800" msid="107532272" hostid="261"></div>Puerto Rico was already in a "<a target="_blank" rel="" href="https://pubmed.ncbi.nlm.nih.gov/26551268/">healthcare crisis</a>" in 2015, and the situation worsened over the next three years. In the year following Hurricane Maria in 2017, about <a target="_blank" rel=" nofollow" href="https://www.vox.com/identities/2020/2/27/21150176/puerto-rico-health-care-hospital-access-hurricane-maria">15% of Puerto Rico's healthcare professionals</a> left the island.Lindsey noted that if somebody expressed interest in moving to Puerto Rico, she would first ask them about their health."Maybe you want to go down there, but if you have some health problems, maybe you don't," Lindsey said. "It is really better for people who are younger and healthier."Local and US governments are working to <a target="_blank" rel="" href="https://www.whitehouse.gov/briefing-room/statements-releases/2023/06/26/fact-sheet-biden-harris-administration-steadfast-in-support-of-puerto-ricos-renewal/">improve healthcare</a>, and Lindsey and Flynn noted there is a specific effort being made to add clinics that might cater better to older individuals.<div type="image" title="Puerto Rico" height="1667" width="2500" msid="107527283" hostid="261"></div>Santana also warns clients about the need for patience on the island, especially with services."You must understand that in Puerto Rico, it's going to be a little laid back," he said.<h2>The lure of tax breaks has real estate prices rising</h2>As Puerto Rico is a US territory, <a target="_blank" href="https://thepuertoricorealestate.com/your-questions-about-puerto-rico">American mainlanders can buy real estate</a> on the island without any restrictions. The influx of American mainlanders has affected the island's high-end real estate market.Five years ago, developers were focused on building houses that ranged between $2 million and $4 million, Santana said. Now, developers are creating homes that cost between $20 million and $40 million, he added."It's so mind-boggling that the kind of individuals moving to the island, we didn't necessarily have that particular inventory available," he said. "So developers have changed to adapt to the new demands."<div type="image" title="A house for sale in Dorado, Puerto Rico." height="866" width="1123" msid="107527285" hostid="261"></div>Prices are more reasonable in some areas, such as Flynn and Lindsey's new home of Humacao, which is about 90 minutes from San Juan on the island's southeast coast.Regardless of where transplants settle, they may encounter difficulties finding necessities like chairs, beds, and couches.The sale of furnished houses for people coming to the island without their own furniture has increased in popularity, Santana said. Otherwise, buying furniture typically means having it shipped from the US, increasing the cost and the wait.Lindsey and Flynn noted that it was often the same for smaller items, as Amazon deliveries can take a month to arrive.Santana suggests that anyone on the fence about a move spend longer than a typical vacation before making a final decision."Maybe stay during the summer, stay for a month," Santana said. "Make sure that it is the right fit."If you moved to Puerto Rico for tax incentives and want to share your experiences, contact this reporter at <a target="_blank" rel=" nofollow" href="mailto:%20cgaines@businessinsider.com">cgaines@businessinsider.com</a>.

Moving to Puerto Rico comes with lifestyle perks and tax breaks. Trade-offs include healthcare, schools, and furniture.

<ul class="summary-list"><li>Danielle Schulz is a professional dancer and runs her own corporate wellness business.</li><li>Schulz is one of many Americans who don't work a typical 9-to-5 and leans on side hustles for income.</li></ul>When Danielle Schulz has rehearsal at The Metropolitan Opera, she starts her commute from Philadelphia to New York City at 7 a.m.The 36-year-old <a target="_blank" href="https://www.businessinsider.com/full-time-dancer-pr-executive-covid-pandemic-career-change-2022-3">professional dancer</a> catches up on work emails on the train, picks up an egg sandwich at her favorite New York breakfast cart, then heads to ballet class. Sometimes she doesn't arrive back home until after midnight.Dancing is just one of Schulz's jobs. She also runs her startup The Triangle Sessions, which offers corporate wellness and team-building events. But for her, it's all worth it."I got really creative with how I could support myself," Schulz said. "I have done a lot and always have a <a target="_blank" href="https://www.businessinsider.com/hustle-culture-got-america-addicted-to-work">hustling mentality</a> to make ends meet."Schulz is one of man Americans who have careers outside the <a target="_blank" href="https://www.businessinsider.com/social-media-rallying-against-9-to-5-jobs-outdated-2023-11">traditional 9-to-5</a>. Thirty-nine percent of Americans <a target="_blank" href="https://www.bankrate.com/personal-finance/side-hustle-survey/#millennial-gen-z">have a side hustle</a>, and half of Gen Zers and millennials have more than one stream of income, according to a survey of 2,505 US adults conducted by YouGov Plc — and commissioned by Bankrate — in April 2023.Freelancing, <a target="_blank" href="https://www.businessinsider.com/millennial-makes-six-figures-freelancing-remotely-side-hustle-van-life2024-2">side hustles</a>, gig work, and <a target="_blank" href="https://www.businessinsider.com/overemployed-remote-jobs-tech-full-time-bosses-work-savings-advice-2024-1">overemployment</a> have become popular as people look to boost their income on a flexible schedule.Schulz has been dancing with The Metropolitan Opera for a decade, working part-time in shows like "The Magic Flute" and "Der Rosenkavalier," along with taking regular training classes. She has always had to supplement her dance income, she said. In the past, she's done this through work <a target="_blank" href="https://www.businessinsider.com/new-york-city-gaudy-gilded-age-restaurants-bars-wall-street-2024-4">in restaurants</a>, as a <a target="_blank" href="https://www.businessinsider.com/things-i-never-buy-on-a-cruise-frequent-traveler-2024-2">cruise ship</a> performer, and as a yoga teacher.She planned her first event for The Triangle Sessions in 2019, and the business took off during the pandemic as companies were looking for virtual employee activities. When she's not at dance rehearsal, Schulz teaches Triangle Sessions classes on topics like relaxation and terrarium building. She also helps companies plan their <a target="_blank" href="https://www.businessinsider.com/how-to-plan-corporate-retreat-successful-inspiring-team-building-2024-1">corporate retreats</a>.The Triangle Sessions now makes up between 60% and 80% of Schulz's annual income, she said, and the business books between five and six figures a year from contracts with major companies like <a target="_blank" href="https://www.businessinsider.com/google-ramped-up-ai-competition-against-microsoft-amazon-2024-4">Google</a>, <a target="_blank" href="https://www.businessinsider.com/openai-meta-agi-ai-models-reasoning-race-2024-4">Meta</a>, and <a target="_blank" href="https://www.businessinsider.com/26-year-old-laid-off-finance-job-deloitte-consultant-2022-1">Deloitte</a>. Her income breakdown fluctuates each year depending on how much time she spends on dancing versus The Triangle Sessions, she said."I've learned that no experience is wasted," Schulz said. "And sometimes, when you feel a little bit lost or you're not on a traditional path, it just makes your life a little bit richer and more interesting."<div type="image" title="A crowded balcony at The Metropolitan Opera" height="685" width="1024" msid="109288101" hostid="261"></div><h2>Balancing two careers takes patience</h2>Schulz typically knows which shows she will be cast in at The Met a year in advance, she said, and the intense rehearsal period usually last for a few weeks at a time. She plans her work with The Triangle Sessions around her show seasons.Schulz largely grows her business through word-of-mouth and companies usually hire her to lead employee team-building activities — both virtually and in person. For example, Schulz recently taught a workshop where she connected the history of <a target="_blank" href="https://www.businessinsider.com/overgrown-bonsai-tree-professionally-restored-2022-12">bonsai trees</a> to employee milestones.Although Schulz will sometimes hire outside contractors to teach workshops she doesn't specialize in, most of Triangle Sessions content is created and taught by her. She has worked with insurance companies, law firms, technology companies, and healthcare workers.As some companies shift from virtual to <a target="_blank" href="https://www.businessinsider.com/return-to-office-mandates-remote-work-stock-returns-productivity-2024-1">hybrid or in-office work</a>, she said many of her events and planned retreats have become popular."There's this universal need to <a target="_blank" href="https://www.businessinsider.com/there-is-no-loneliness-epidemic-mental-health-2024-4">connect with one another</a>, all while taking care of ourselves individually," she said.Schulz has had to learn to be patient with herself and the continuous changes in her career, she said. But the flexibility of Triangle Sessions allows her to continue performing, spend time with her two young children, and take a break when she needs one."Nothing is ever 50/50," she said. "It's not going to be in perfect balance, especially if you want to make progress in any one direction."<h2>Retirement is on the horizon</h2>Schulz encourages others thinking about nontraditional careers to embrace both the busy times and quiet times.When her schedule is packed, Schulz said she is grateful to keep building her business. And, when her rehearsals and Triangle Sessions events slow down, she said she spends extra time with her family and focuses on keeping herself healthy."That is going to be a guiding compass for the rest of my life," Schulz said.Schulz loves her career at The Met, but said she plans on retiring soon. After that, she would work for Triangle Sessions full-time. But, Schulz even if she's no longer on stage, she won't stop dancing."I will always keep moving," she said.Do have a career that isn't a traditional 9-to-5? Are you willing to share how you make and spend your money? Reach out to this reporter at <a target="_blank" href="mailto:allisonkelly@insider.com">allisonkelly@insider.com</a>.Correction: April 22, 2024 — An earlier version of this story misspelled Danielle Schulz surname.

You Searched For "healthcare professionals" and got 12 results

OpenAI's tools are making up stuff in hospital transcriptions; can be dangerous for patients, experts warn

BI India Bureau

The AI app Soula seeks to improve healthcare access for pregnant women

Helen Li

Women face bias and disparities in healthcare. Digital tools could help meet their needs.

Sarah Sloat

Why healthcare and childcare likely aren't going to get cheaper anytime soon

Madison Hoff

Indegene ties up with Microsoft to leverage generative AI for the Medical Industry, drive faster innovation

ANI

AI skills could help professionals seize more job opportunities, accelerate Gen Z careers: Microsoft-LinkedIn report

Kunal Kambli

Burned out from their healthcare jobs, this millennial couple sold almost everything to take a gap year around the world

Erin Liam

Earning forecasts for Q4 FY24: Healthcare and cement companies to shine

Katya Naidu

Do No Harm, a group of 'medical professionals' fighting 'woke healthcare,' is behind many anti-trans laws

Katie Balevic

A healthcare professional of 19 years shares how she avoid burnout and compassion fatigue

Kelly Burch,Heather Z. Lyons

Moving to Puerto Rico comes with lifestyle perks and tax breaks. Trade-offs include healthcare, schools, and furniture.

Cork Gaines

A millennial with side hustles as a startup founder booking 6 figures and a professional dancer shares her tips for balancing both

Allie Kelly

Popular Keywords

Buying Guides