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19 September 2021
13:57 hour

Amazon hikes average U.S. starting pay to $18, hires for 125,000 jobs

Investing.com

14/09/2021 - 19:46


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  1. Amazon To Hire 75K Fulfillment Workers With Starting Hourly Pay Of $17, Bonuses Up To $1K (14/05/2021 - Reddit Stocks)
    'Amazon.com Inc (NASDAQ: AMZN) will employ 75,000 logistics and fulfillment workers in North America at an average starting wage of $17 an hour. Most of the hires will be placed at the company fulfillment locations and network of local delivery centers after positioning its final-mile delivery network at the closest range of the end customers. Amazon has 409 delivery stations in the U.S., out of which 344 support package deliveries and the rest support heavy, bulky items that are typically non-conveyable. Amazon plans to build 229 additional delivery stations, out of which 193 are meant for packages. Amazon has 16 delivery stations in Canada, with seven more on the drawing board. Amazon will offer several new employees a $1,000 signing bonus and an additional $100 to the vaccinated ones. Amazon offers on-site vaccinations at over 250 locations in the U.S. and Canada. In April, Amazon announced an investment of over $1 billion for a wage hike of over 500,000 hourly employees by between 50 cents and $3 an hour. Last year Amazon added over 500,000 workers globally, the Wall Street Journal reports. The hiring comes just before the annual Prime Day shopping event, which was preponed from July to June. Amazon continues to face employee flak for difficult work conditions in their warehouses including Alabama, and Chicago. The company has refuted the allegations and assured necessary efforts for improved working conditions.' Source: https://www.benzinga.com/news/21/05/21108100/amazon-to-hire-75k-workers-for-north-american-logistics-fulfillment   submitted by   /u/Karnes [link]   [comments]
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  2. Microsoft hires top executive from cloud rival Amazon (26/08/2021 - Seeking Alpha)

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  3. AppHarvest shares jumps as company hires Amazon veteran (26/07/2021 - Seeking Alpha)

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  4. UPDATE 1-Amazon boosts hourly pay to over $18, to hire 125,000 workers (14/09/2021 - Reddit Stocks)
    https://finance.yahoo.com/news/1-amazon-boosts-hourly-pay-103153407.html Sept 14 (Reuters) - Amazon.com Inc hiked its average starting wage to $18 per hour on Tuesday and said it plans to hire more than 125,000 warehouse and transportation workers in the United States. The world's largest online retailer also said it would pay a sign-on bonus of $3,000 in some locations and the hourly wage could go up to $22.50. Amazon was among the first few retailers to set a $15 an hour minimum wage in 2018. This is a good news for amazon as it continue to expand the workforce. It is continuing to invest into the warehouses and logistic networks. It is the latest sign that amazon is still growing and trying to generate more revenue.   submitted by   /u/coolcomfort123 [link]   [comments]
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  5. GameStop shakeup rolls on, hires Amazon executive as chief growth officer (30/03/2021 - Investing.com)

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  6. The Wall Street Journal: Microsoft hires former Amazon cloud exec Charlie Bell (26/08/2021 - Market Watch)
    Microsoft Corp. hired a top Amazon.com Inc. cloud veteran and ally of Chief Executive Andy Jassy, according to a company document, in a rare jump of a senior executive between the cloud-computing industry’s leading rivals.
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  7. Amazon Backs Biden's Infrastructure Plan, Supports Tax Hikes (06/04/2021 - Investing.com)

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  8. : Under Armour posts more than 2,300 new jobs and hikes minimum hourly pay 50% to $15 (28/06/2021 - Market Watch)
    Under Armour raised its full-year forecast to a profit rather than a loss in its most recent earnings report.
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  9. Amazon India’s MSME sellers so far: 2.5M cumulatively digitised, $3B worth exports, 1M jobs created (08/04/2021 - Financial Express)
    Ease of Doing Business for MSMEs: Amazon had announced plans in January last year to invest $1 billion for digitizing 10 million Indian MSMEs over the following five years. Amazon has more than 7 lakh sellers on its marketplace in India.
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  10. thoughts on AMZN? (03/03/2021 - Reddit Stocks)
    thoughts on Amazon? I've had 5 shares since $800. I've watched it fall from $3600 to now $3000, should I get out of a 1 or 2? I am afraid of inflation, increased taxes, and interest rate hikes, but everyone sounds bullish on amazon. I am thinking I can get out of 1 or 2 before non-farm payroll on friday, and get back in at 2800, after the quadruple witching? thoughts?   submitted by   /u/lucydearr [link]   [comments]
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  11. Market Extra: ‘Skittish is an understatement’ says economist as May jobs report looms for U.S. markets (03/06/2021 - Market Watch)
    This isn't your typical monthly report on nonfarm payrolls after April data showed that the U.S. created just 266,000 in new jobs on a seasonally adjusted basis, badly missing economists' forecast that had come in on average at around 1 million.
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  12. Larsen & Toubro hires over 1,800 freshers through campus recruitment (26/08/2021 - Financial Express)
    The new hires include graduate engineers, post-graduate engineers, chartered accountants, diploma holders, management graduates and non-engineering graduates.
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  13. Amazon launches first resource center ‘Digital Kendra’ to onboard MSMEs on e-commerce marketplace (08/07/2021 - Financial Express)
    Technology for MSMEs: The company has three fulfillment centers in the state with more than 1.5 m cubic feet of storage space and more than 100 Amazon-owned delivery service partner stations that have resulted in thousands of local jobs, said Amit Agarwal, Senior Vice President and Country Head, Amazon India.
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  14. Would you rather? (24/04/2021 - Reddit Stock Market)
    Would you rather have 1 share of Amazon or 5 shares of Nvidia? I have a IRA with Wells Fargo. I have a variety of Shares in GOOGL, GOOG, Microsoft, APPL, and Amazon. Wondering what people's thoughts on EOY is for something like Amazon and Nvidia. Amazon is sitting around $3300. End of the year possibly could be $4000. So $700ish gain from today if it were to sit around $4000 on December 31, 2021. Now there's Nvidia. Currently sitting around $600. End of the year possibly could be $750ish. So $150ish gain for 1 share So 1 share of Amazon gains you $700. 5 shares of Nvidia could be $750. Now look these are just estimates. They could be spot on they could be way off. Amazon could end the year at $4500. Nvidia could end at $1000. Who knows. All I'm asking is would you rather have 1 share of Amazon or 5 shares on nvidia? Or maybe you have another interest. If not amazon if not nvidia what would you rather have if not either or. I'm only asking because I like both companies but Amazon has been idling for 9 months at the same prices. Nvidia has gained significantly. They both have Alot of potential. Something in my gut tells me Nvidia has more growth than Amazon. Like 5 years later maybe 5 shares of Nvidia nets you more than 1 share of Amazon starting today. Sorry about the 5 paragraph essay and my rambling. Hit me with some conversation please and thank you.   submitted by   /u/SeanEazy [link]   [comments]
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  15. 5 years of PM Modi’s Startup India: 5.5 lakh jobs created, 50,000 startups recognised by DPIIT (03/06/2021 - Financial Express)
    5,49,842 jobs were reported so far by 48,093 recognised startups with an average number of 11 employees per startup under Startup India. In FY21 alone, around 1.7 lakh jobs were created by recognized startups.
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  16. Amazon details new warehouse robots, ‘Ernie’ and ‘Bert’. (14/06/2021 - Reddit Stocks)
    Amazon warehouse workers could soon be joined by a couple new co-workers: Ernie and Bert. Those are the names of the new robots Amazon is testing with the goal of reducing strenuous movements for workers. While the introduction of robots to the workplace often raises questions about whether human jobs will be replaced, Amazon argues they simply allow workers to focus on tasks that most need their attention while minimizing their potential for injury. Amazon said it’s added over a million jobs around the world since it began using robotics in its facilities in 2012. In May, Amazon announced a goal of reducing recordable incident rates by 50% by 2025. It plans to invest over $300 million into safety projects this year. Amazon described in a blog post Sunday four robots it’s testing to move items across its fulfillment centers and closer to workers. Ernie helps remove items from a robotic shelf so employees don’t have to. The process doesn’t save time, Amazon said in the post, but testing has so far indicated it could make work safer for employees. Bert is one of Amazon’s first Autonomous Mobile Robots (AMRs), made to navigate facilities independently, even while workers are moving around. Unlike other robots, Bert would not need to remain in a restricted space, meaning workers could ask it to take items across a facility. Amazon said Bert could eventually move heavier items. Source article with videos of the robots: https://www.cnbc.com/2021/06/13/amazon-details-new-warehouse-robots-ernie-and-bert.html   submitted by   /u/Karnes [link]   [comments]
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  17. Amazon adding 55,000 tech jobs under new CEO Andy Jassy (01/09/2021 - Seeking Alpha)

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  18. Amazon partners with Affirm to roll out first buy now, pay later option on the e-commerce site (27/08/2021 - Reddit Stocks)
    https://www.cnbc.com/2021/08/27/amazon-partners-with-affirm-for-first-buy-now-pay-later-option.html Affirm’s buy now, pay later checkout option will be available to certain Amazon customers in the U.S. starting Friday with a broader rollout in the coming months. The partnership will let Amazon customers split purchases of $50 or more into smaller, monthly installments. Friday’s partnership is the latest sign of the booming installment lending space as younger consumers move towards these alternative lines of credit. This is definitely a good news for amazon. Now more people will be able to take advantage of this feature and spend more money on amazon shopping. It will increase amazon e-commerce revenue and market shares as more young people like to use the buy now, pay later feature.   submitted by   /u/coolcomfort123 [link]   [comments]
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  19. TaxWatch: How would Biden’s tax hikes hit the wealth of Jeff Bezos, Elon Musk and other billionaires? First, they’d have to die, experts say (09/06/2021 - Market Watch)
    Biden's proposed tax hikes on the rich are part of his $1.8 trillion American Families Plan
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  20. Teamsters' Amazon director doesn't want to see 'degradation' of middle class jobs (24/06/2021 - Seeking Alpha)

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  21. Exclusive: Amazon CEO unveils 55,000 tech jobs in first hiring push under his watch (01/09/2021 - Investing.com)

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  22. Amazon backs marijuana legalization, drops weed testing for some jobs (02/06/2021 - Investing.com)

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  23. Jobs created through KVIC programmes jump nearly 4% in FY21; 97% jobs generated by village industries (05/08/2021 - Financial Express)
    Skill, Labour, Talent for MSMEs: Out of 1.58 crore jobs in FY21, nearly 97 per cent jobs – 1.53 crore were generated/sustained by village industries while remaining 4.97 lakh jobs were created/sustained by the Khadi programme.
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  24. Amazon is expanding Amazon Care telehealth service nationally for its employees and other companies (17/03/2021 - Reddit Stocks)
    https://www.cnbc.com/2021/03/17/amazon-is-expanding-amazon-care-telehealth-service-nationally-for-employees.html Amazon will expand its virtual health pilot program, Amazon Care, to all of its U.S. employees starting this summer. The company will also offer the virtual health program as a service for other employers nationally. Amazon Care launched as a pilot program two years ago to provide convenient urgent care visits virtually for the company’s employees in Washington state. Amazon is going into health care and this is a big move. It is constantly trying to disrupt other industry and expand more revenue stream. The stock is currently trading near $3k, long term investors should be keep holding or adding more.   submitted by   /u/coolcomfort123 [link]   [comments]
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  25. Charlie Munger says Costco 'has one thing that Amazon does not' (26/02/2021 - Reddit Stocks)
    https://finance.yahoo.com/news/this-the-the-one-thing-costco-has-that-amazon-lacks-according-to-charlie-munger-200739515.html "Costco, I do think, has one thing that Amazon does not," the billionaire investor said during the Annual Meeting of Shareholders of the Daily Journal Corporation (DJCO) in Los Angeles on Wednesday. "People really trust Costco to be delivering enormous values." "That is why Costco presents some danger to Amazon — because they've got a better reputation for providing value than practically anybody including Amazon," he added. Costco have been competing well against amazon. Costco is improving the e-commerce operation while also renovating the warehouses. It is a good non tech stock, with recent selloff, people can consider starting a position.   submitted by   /u/coolcomfort123 [link]   [comments]
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  26. Next Avenue: While many are looking for work, some older workers are jumping at the chance for a new start (22/07/2021 - Market Watch)
    Plenty of people over 50 are part of 'The Big Quit,' and heading for better jobs, starting their own ventures or simply retiring.
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  27. Was just wondering what to do if you were me (23/04/2021 - Reddit Stocks)
    I have a IRA with Wells Fargo. My positions are. 1 Amazon. 2 Google. 5 Microsoft. 10 Apple. I'm not interested in doing anything with Google, Microsoft, or Apple. I want to keep all these. My question is what should I do with my 1 Amazon. Obviously I can just keep it. After it fell $50 today and has fallen past days I'm not to far off my average cost again. I'm interested in Nvidia so I could just sell Amazon and grab 5 nvidia to replace it with. I'm also interested in Tesla, so same thing. Could sell Amazon and grab 5 Tesla or something. Like I said though I could just do nothing. I'm assuming Amazon has the possibility to hit $3500 to $4000 by the end of the year. It hasn't done much movement in the past 9 months though. I'm not a newbie to this stock trading thing just wondering about opinions. 1 Amazon, 5 Tesla, 5 Nvidia, X Shares of something else. Looking for advice. If you're me what you doing tomorrow with my 1 share of amazon?   submitted by   /u/SeanEazy [link]   [comments]
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  28. Maratha candidates can apply in EWS category for jobs in energy dept: Maharashtra Govt Jobs (10/02/2021 - Financial Express)
    The issue of validity of reservation for Marathas in the newly created SEBC quota is pending before the Supreme Court which has stayed a 2018 law providing reservations to the community in jobs and education.
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  29. : Chipotle’s upcoming launch of smoked brisket should make recent price hikes easy to swallow (10/06/2021 - Market Watch)
    Chipotle announced last month that it would be raising the average hourly wage to $15 by the end of June.
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  30. Rewards 2021: More companies would be willing to roll out increments; better pay hikes for top achievers (15/03/2021 - Financial Express)
    Despite better increments, for the majority of companies, the increase in the wage bill would be equal or less than the budget for salary hikes; this suggests they’re taking a hard look at their team strength.
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  31. Markets Shake Off Disappointing Jobs Number (08/02/2021 - INO.com)
    The Labor Department said the U.S. added 49,000 jobs in January, slightly below the 50,000 payrolls expected by economists. The unemployment rate fell to 6.3%, better than projections of 6.7%. December's numbers were revised much lower, with the month posting a loss of 227,000 from the initial reading of 140,000 jobs lost. After suffering their […] The post Markets Shake Off Disappointing Jobs Number appeared first on INO.com Trader's Blog.
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  32. Ahead of festive season, Amazon signs pact with Gujarat to boost state MSMEs’ e-commerce exports (07/09/2021 - Financial Express)
    Trade, import, and export for MSMEs: In January 2020, Amazon had committed to digitally enable 10 million MSMEs in India along with enabling MSME exports worth $10 billion and creating 1 million new jobs by 2025.
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  33. CEA Krishnamurthy Subramanian: Startups very important in $5T goal; bring creative destruction | Interview (18/03/2021 - Financial Express)
    "The unicorns have created lots of jobs in India and as we see the startup ecosystem developing further, more jobs will be created. The gig economy is a big contributor to jobs today."
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  34. Market Snapshot: Dow set to rise over 200 points in stock market’s first trading day after Good Friday jobs report (05/04/2021 - Market Watch)
    Futures for stock benchmarks Monday morning head higher, suggesting a solid open for equities in the first full week of April as U.S. investors get the first chance to provide their most complete reaction to a report on Good Friday that showed that 916,000 jobs were added in March, handily exceeding Wall Street's average consensus estimates.
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  35. Rise of blue-collar gig jobs: The pandemic has accelerated the adoption of the gig working model (05/09/2021 - Financial Express)
    Citing the BCG report ‘Unlocking the Potential of the Gig Economy in India’, Kapoor said 2.4 crore new jobs could get created in the gig blue-colour space, and by 2028 this could reach around 9 crore jobs.
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  36. Economic Report: U.S. gains disappointing 266,000 jobs in April, but all signs still point to faster hiring in months ahead (07/05/2021 - Market Watch)
    The U.S. created just 266,000 new jobs in April even as the economy gained strength, suggesting companies might be struggling to fill open jobs even with millions of people still unemployed. The jobless rate also rose to 6.1% from 6%.
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  37. The Fed: Fed’s Kashkari says he doesn’t want any rate hikes through 2023 (18/06/2021 - Market Watch)
    Minneapolis Fed President Neel Kashkari said in an interview with Reuters on Friday that he opposes any rate hikes through the end of 2023 at least
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  38. Hold on tight for change of gears (16/02/2021 - Financial Express)
    Expect the process of liquidity normalisation by RBI to begin in mid-2021, the policy stance to shift to ‘neutral’ from ‘accommodative’ in Q3 (July-September), a 25 bps reverse repo rate hike in Q4 and 50 bps worth of repo rate hikes in H1-2022, with risks skewed towards further hikes
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  39. Xiaomi hikes Redmi Note 10 India price again days ahead of Redmi 10 Prime launch (27/08/2021 - Financial Express)
    The Redmi Note 10 was launched in India earlier this year at a starting price of Rs 11,999.
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  40. : Homeowners are facing the biggest property tax hikes in 4 years — here’s where homeowners pay the most (08/04/2021 - Market Watch)
    There were 16 counties nationwide where homeowners paid more than $10,000 in property taxes last year on average.
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  41. : Homeowners are facing the biggest property tax hikes in 4 years — here’s where homeowners pay the most (08/04/2021 - Market Watch)
    There were 16 counties nationwide where homeowners paid more than $10,000 in property taxes last year on average.
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  42. Economic Report: U.S. likely added 210,000 jobs in February — and hiring is ready to speed up (04/03/2021 - Market Watch)
    After a winter of discontent, the U.S. economy is primed to start adding more jobs again. Just don't expect to see big hiring gains in February. The U.S. likely added a modest 210,000 jobs last month.
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  43. Economic Report: U.S. likely added 210,000 jobs in February — and hiring is ready to speed up (04/03/2021 - Market Watch)
    After a winter of discontent, the U.S. economy is primed to start adding more jobs again. Just don't expect to see big hiring gains in February. The U.S. likely added a modest 210,000 jobs last month.
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  44. August nonfarm payrolls increase 235,000 vs. 720,000 estimate (03/09/2021 - Reddit Stocks)
    Job creation for August was a huge disappointment, with the economy adding just 235,000 positions, the Labor Department reported Friday. Economists surveyed by Dow Jones had been looking for 720,000 new hires. The unemployment rate dropped to 5.2% from 5.4%, in line with estimates. August nonfarm payrolls increase 235,000 vs. 720,000 estimate https://www.cnbc.com/2021/09/03/jobs-report-august-2021.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard   submitted by   /u/juaggo_ [link]   [comments]
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  45. Starting an account for my kid. (11/05/2021 - Reddit Stocks)
    I have been debating on starting an investment account for my kid and the plan is to give them full access to it when they become of age maybe 18. However I don’t know if I should create the account in their name and place them as a beneficiary or start it with their name and have myself be the overseer of the account until of age. I am going to be taking my money and just buy things that we know will grow over time like Apple, Microsoft, vanguard ETFs and other ETFs that grow on a yearly average. Has anyone ever done something like this before and what advice do you have?   submitted by   /u/Gawwse [link]   [comments]
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  46. The Fed: Fed now sees two interest rate hikes in 2023 (16/06/2021 - Market Watch)
    The Federal Reserve penciled in two interest rate hikes for 2023 but said it still viewed inflation as transitory.
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  47. Need an urban jobs scheme: It can be designed to keep costs to the govt & impact on wages low (06/08/2021 - Financial Express)
    The increased demand for MGNREGA jobs following the pandemic shows that the flagship jobs scheme was able to absorb some of the increased demand in rural areas as migrants returned home.
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  48. : What are the jobs in Biden’s American Jobs Plan and how much do they pay? (02/04/2021 - Market Watch)
    President Joe Biden says his $2.3 trillion infrastructure package, along with the American Rescue plan, could create 18 million new jobs.
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  49. : What are the jobs in Biden’s American Jobs Plan and how much do they pay? (02/04/2021 - Market Watch)
    President Joe Biden says his $2.3 trillion infrastructure package, along with the American Rescue plan, could create 18 million new jobs.
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