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Ageism: Does it Exist or Is It a Form of ‘I’m a Victim!’ Mentality? [ Part 1 ]

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Get over your victim mentality. Be honest with yourself.

This is the first of a 4-part series dealing with ageism while job hunting.

Many job seekers, young and old, play the ageism card. This card, sometimes along with others, is used to avoid accountability. People look for excuses when they don’t get what they want or feel entitled to.

“This happened to be because…”

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“I’m not getting opportunities because…”

Egos sabotage job searches. Egos kill careers. Egos create narratives that create limiting beliefs and that biggest turnoff of all, a sense of entitlement.

The truth is everyone has an “ism,” sometimes several, which either needs to be overcome, spun as a strength, or simply accepted. Another truth: Employers have the right to do what they feel is best for their business—to protect their self-interest.

When you lose any sense of feeling entitled—that you’re owed—most of your self-limiting beliefs disappear. As a result, you see there are opportunities all around you, with one caveat—you must earn them.

Your age, gender, sexual orientation, political ideology, religion, race, and what you believe don’t play as significant a role in an employer’s hiring decisions as you’ve been led to believe. However, this doesn’t mean the workplace is a level playing field.

In a holistic sense, the workplace was never intended to be a level playing field. How can it be when every employer’s survival depends on generating and maintaining revenue? Every employer-employee relationship is based on what every business needs to survive: creating a profit. Thus, understandably employers place a higher value on employees whose work directly impacts their revenue (generates, reduces costs, increases efficiency, retains customers) than on employees whose ROI isn’t easily quantifiable.

Since all employers are profit-seekers, job hunters who demonstrate an undeniable track record via their result-oriented resume and LinkedIn profile of influencing their previous employer’s bottom line rarely encounter perceived “isms.”

As regular readers of my column know, I base my pragmatic job search advice on four truisms:

  1. Employers don’t owe you anything and aren’t responsible for keeping the workforce employed.
  2. Employers own their hiring process. Employers define their culture and therefore have the right to hire whomever they want.
  3. Applying to job postings is equivalent to playing the lottery; you’re expecting a stranger to hire you.
  4. Job seekers tend to overestimate their value to employers. (Rare is the employee who can quantify their value to their employer.)

All “isms” exist because of a perceived risk. When it comes to ageism, which undoubtedly exists for ALL AGES, a candidate’s age isn’t the issue. (READ: concern) The various “risks” that are believed to come with the candidate’s age, whether 33 or 53, is the issue. A hiring manager may assume older candidates are less technologically savvy, want a higher salary, or have health issues. In contrast, the same hiring manager may assume younger candidates, especially recent graduates, don’t have enough experience, are too demanding of employers, or don’t have a strong work ethic.

There are hiring managers who prefer young candidates, and there are hiring managers who prefer mature candidates. Long overdue is a non-judgmental conversation if perceived “age risks” are valid.

Job seekers conveniently forget that when the hiring manager green lights a candidate, the entire company sees their hiring decision. From the hiring manager’s perspective, you can see that minimizing hiring risks and being seen as competent when it comes to hiring are reasonable goals. Hiring managers are human and therefore, without exception, incorporate their biases into hiring decisions, hoping to minimize hiring risks.

Hiring is choosing. Choosing requires discriminating against those not selected, which means there’s an architecture to all “isms,” especially when it comes to an across-the-board “ism” such as ageism. We all have one undeniable commonality, everyone gets old. This human fact makes ageism ironic. One day, the hiring manager practicing ageism will be the candidate’s age or was once the candidate’s age looking for a break.

Aging is a natural part of life. It’s not a problem to be solved. It’s a blessing to grow old gracefully while enjoying relatively good health. Who doesn’t hope to live a long and healthy life?

What’s never discussed is what’s keeping ageism alive—other “isms” have their own reasons for staying alive—and what, if anything, can be done about it. Such a discussion requires looking at the employer’s side of the hiring process, which I’ll discuss in my next column. Maybe it’ll start that long overdue conversation I mentioned earlier. For now, I’ll leave you with the following truism: Employers are risk averse (more so these days). Therefore, when job hunting, no matter your age or whatever “ism” you believe you have against you, always present yourself as the least risky hiring option.

______________________________________________________________

Nick Kossovan, a well-seasoned veteran of the corporate landscape, offers advice on searching for a job. You can send Nick your questions at artoffindingwork@gmail.com.

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Dow Jones Rises But S&P, Nasdaq Fall; Nvidia, SMCI Flash Sell Signals As Bitcoin's Fourth Halving Arrives – Investor's Business Daily

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[unable to retrieve full-text content]

  1. Dow Jones Rises But S&P, Nasdaq Fall; Nvidia, SMCI Flash Sell Signals As Bitcoin’s Fourth Halving Arrives  Investor’s Business Daily
  2. Iran fires at apparent Israeli attack drones: Mideast tensions  The Associated Press
  3. S&P 500 extends losing streak to sixth day, Dow up 210 points  Yahoo Canada Finance
  4. Stock Market Today: Dow, S&P Live Updates for April 19  Bloomberg
  5. Stock market today: Wall Street limps toward its longest weekly losing streak since September  CityNews Kitchener

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Netflix stock sinks on disappointing revenue forecast, move to scrap membership metrics – Yahoo Canada Finance

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Netflix (NFLX) stock slid as much as 9.6% Friday after the company gave a second quarter revenue forecast that missed estimates and announced it would stop reporting quarterly subscriber metrics closely watched by Wall Street.

On Thursday, Netflix guided to second quarter revenue of $9.49 billion, a miss compared to consensus estimates of $9.51 billion.

The company said it will stop reporting quarterly membership numbers starting next year, along with average revenue per member, or ARM.

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“As we’ve evolved our pricing and plans from a single to multiple tiers with different price points depending on the country, each incremental paid membership has a very different business impact,” the company said.

Netflix reported first quarter earnings that beat across the board on Thursday, with another 9 million-plus subscribers added in the quarter.

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Subscriber additions of 9.3 million beat expectations of 4.8 million and followed the 13 million net additions the streamer added in the fourth quarter. The company added 1.7 million paying users in Q1 2023.

Revenue beat Bloomberg consensus estimates of $9.27 billion to hit $9.37 billion in the quarter, an increase of 14.8% compared to the same period last year as the streamer leaned on revenue initiatives like its crackdown on password-sharing and ad-supported tier, in addition to the recent price hikes on certain subscription plans.

Netflix’s stock has been on a tear in recent months, with shares currently trading near the high end of its 52-week range. Wall Street analysts had warned that high expectations heading into the print could serve as an inherent risk to the stock price.

Earnings per share (EPS) beat estimates in the quarter, with the company reporting EPS of $5.28, well above consensus expectations of $4.52 and nearly double the $2.88 EPS figure it reported in the year-ago period. Netflix guided to second quarter EPS of $4.68, ahead of consensus calls for $4.54.

Profitability metrics also came in strong, with operating margins sitting at 28.1% for the first quarter compared to 21% in the same period last year.

The company previously guided to full-year 2024 operating margins of 24% after the metric grew to 21% from 18% in 2023. Netflix expects margins to tick down slightly in Q2 to 26.6%.

Free cash flow came in at $2.14 billion in the quarter, above consensus calls of $1.9 billion.

Meanwhile, ARM ticked up 1% year over year — matching the fourth quarter results. Wall Street analysts expect ARM to pick up later this year as both the ad-tier impact and price hike effects take hold.

On the ads front, ad-tier memberships increased 65% quarter over quarter after rising nearly 70% sequentially in Q3 2023 and Q4 2023. The ads plan now accounts for over 40% of all Netflix sign-ups in the markets it’s offered in.

FILE PHOTO: Netflix reported first quarter earnings after the bell on Thursday. REUTERS/Dado Ruvic/File PhotoFILE PHOTO: Netflix reported first quarter earnings after the bell on Thursday. REUTERS/Dado Ruvic/File Photo

Netflix reported first quarter earnings after the bell on Thursday. REUTERS/Dado Ruvic/File Photo (REUTERS / Reuters)

Alexandra Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at alexandra.canal@yahoofinance.com.

For the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here

Read the latest financial and business news from Yahoo Finance

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Oil Prices Erase Gains as Iran Downplays Reports of Israeli Missile Attack – OilPrice.com

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Oil Prices Erase Gains as Iran Downplays Reports of Israeli Missile Attack | OilPrice.com



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Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

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  • Oil prices initially spiked on Friday due to unconfirmed reports of an Israeli missile strike on Iran.
  • Prices briefly reached above $90 per barrel before falling back as Iran denied the attack.
  • Iranian media reported activating their air defense systems, not an Israeli strike.

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Oil prices gave up nearly all of early Friday’s gains after an Iranian official told Reuters that there hadn’t been a missile attack against Iran.

Oil surged by as much as $3 per barrel in Asian trade early on Friday after a U.S. official told ABC News today that Israel launched missile strikes against Iran in the early morning hours today. After briefly spiking to above $90 per barrel early on Friday in Asian trade, Brent fell back to $87.10 per barrel in the morning in Europe.

The news was later confirmed by Iranian media, which said the country’s air defense system took down three drones over the city of Isfahan, according to Al Jazeera. Flights to three cities including Tehran and Isfahan were suspended, Iranian media also reported.

Israel’s retaliation for Iran’s missile strikes last week was seen by most as a guarantee of escalation of the Middle East conflict since Iran had warned Tel Aviv that if it retaliates, so will Tehran in its turn and that retaliation would be on a greater scale than the missile strikes from last week. These developments were naturally seen as strongly bullish for oil prices.

However, hours after unconfirmed reports of an Israeli attack first emerged, Reuters quoted an Iranian official as saying that there was no missile strike carried out against Iran. The explosions that were heard in the large Iranian city of Isfahan were the result of the activation of the air defense systems of Iran, the official told Reuters.

Overall, Iran appears to downplay the event, with most official comments and news reports not mentioning Israel, Reuters notes.

The International Atomic Energy Agency (IAEA) said that “there is no damage to Iran’s nuclear sites,” confirming Iranian reports on the matter.

The Isfahan province is home to Iran’s nuclear site for uranium enrichment.

“Brent briefly soared back above $90 before reversing lower after Iranian media downplayed a retaliatory strike by Israel,” Saxo Bank said in a Friday note.

The $5 a barrel trading range in oil prices over the past week has been driven by traders attempting to “quantify the level of risk premium needed to reflect heightened tensions but with no impact on supply,” the bank said, adding “Expect prices to bid ahead of the weekend.”

At the time of writing Brent was trading at $87.34 and WTI at $83.14.

By Tsvetana Paraskova for Oilprice.com

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