Job Seekers Are Paying to Get Hired & Elon Pivots From Mars to the Moon
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Good morning, Brew Daily Show. I'm Neil Freiman. And I'm Toby Howell. Today, the labor market is down so bad that people are paying recruiters to find jobs for them.
Then Elon Musk is ditching Mars for something a little closer to home, the moon. It's Tuesday, February 10th. Let's ride.
So I went to the gym yesterday, no big deal, and was obviously listening to Bad Bunny on my AirPods after a Super Bowl halftime show. I was looking around wondering, how many people here are also listening to Bad Bunny? And the answer is probably most of them. On Monday, the singer saw a 470% jump in Spotify streams in the United States and a 210% increase in global streams. As of this morning, he held the first six spots on Spotify's US Daily Top Songs chart.
He also holds the top six spots of Toby's personal Spotify strong start. We're also getting some more data into about how locked in people were for the halftime show. New York City Water on X posted that they saw a significant reduction of water usage during the halftime show, but in the 15 minutes after the show ended, they saw a spike in usage equivalent 3%. to 761,719 toilets flushing across town. I was one of them. The homemade wings I attempted to chef up didn't go down so well. But now a word from our sponsor, FlavCity. Neil, my smoothie budget is getting crazy. I'm buying all kinds of berries, powders, tonics, and don't even get me started on the price of mushrooms.
That is crazy, especially when FlavCity's all-in-one smoothies have the benefits of those ingredients in one bag. No blender needed.
Okay, well, there's no way it tastes better than my super secret smoothie recipe.
No, they absolutely taste better than your gross weird smoothie. Whether that's the pleasantly pepperminty shamrock, banana bread, brownie batter, or any of their wide range of flavors, you get a tasty protein-rich smoothie.
All that and with 25 grams of protein, 10 grams of collagen. Wow.
Head to shopflavcity.com to try any of their delicious flavors. That's shopflavcity.com. It's becoming so hard to find a job that people are paying recruiters to find one for them. According to the Wall Street Journal, applicants have gotten so fed up with the job hunting process that they're signing up for so-called reverse recruitment programs to help them stand out in a sea of 10,000 resumes.
Why are job seekers paying recruiters to find jobs?
This isn't how it's supposed to work. Typically, recruiters are hired by employers to help them identify great candidates for open positions. But as hirings come to a halt, the tables have turned. Recruiters are increasingly looking to people, not companies, for their next batch of customers. Here's an example of how this works per the journal, at least on the high end of things. A firm called Reverse Recruiting Agency charges $1,500 a month for its services, which include LinkedIn profile writing and resume and career coaching. It'll submit as many as 100 job applications a week on your behalf while contacting current employees at the companies you're interested in. Once you nab the job, because of course you will, you'll fork over 10% of your first year salary minus the first month fee.
Toby, desperate times call for desperate measures. The rise of reverse recruiting is a pretty perfect indicator of where this job market is right now.
There's always been some ethical and even just practical concerns around this practice because charging job seekers, people at vulnerable moments in their life and career is not something...
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