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Jacinda Ardern, Judith Collins pour cold water on four-day week proposal to soften artificial intelligence job displacement

"Many apparently desirable strategies, like a Universal Basic Income, are probably unaffordable now and might become even less so depending on how AI implementation plays out. The most promising approach is shortening the work week. "This is feasible because AI is inherently labour saving. Experiments here and overseas suggest that office workers can often maintain productivity despite dropping to a four-day week." The Government would need to subsidise the shorter work week in some cases so th...
New Zealand New Zealanders Andrew Barnes Judith Collins Jacinda Ardern Otago University

"Basic Income Would Allow Us to Gain a Social Base That Is Essential to Defeat Fascism"

The Good Men Project Become a Premium Member We have pioneered the largest worldwide conversation about what it means to be a good man in the 21st century. Your support of our work is inspiring and invaluable. “Basic Income Would Allow Us to Gain a Social Base That Is Essential to Defeat Fascism” Interview with Daniel Raventós.   We begin, as always, with a brief explanation of what Basic Income is and its defence from a republican perspective: Basic Income is a public, monetary, uncondit...
United States United Kingdom Kingdom Of Spain Adam Smith Esquerra Republicana Jordi Arcarons

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Restaurateurs Begin To Automate Amid Labor Shortage

by Tyler Durden Friday, May 14, 2021 - 10:00 PM Restaurant owners are blaming generous unemployment benefits for the current labor shortage. Ahead of the busy summer season, some restaurateurs are warning they might have no other choice but to use robots.  According to Andrew Gruel, founder and CEO of Slapfish seafood, with 11 locations in the Southwestern US and new ones quickly opening up across the country, if the labor shortage persists, significant changes to the restaurant industry a...
United States Andrew Yoa National Owners Association Federal Reserve Andrew Gruel President Biden

UBS, Desperate To Retain Talent, Now Offering $40,000 Bonuses To Newly Promoted Associates

by Tyler Durden Tuesday, May 11, 2021 - 05:45 AM It looks like the hiring (and retention) shortage isnt just for rank-and-file minimum wage jobs. UBS has now said that, amidst historic competition and a "retention crisis" in the investment banking world (which we noted weeks ago), it is going to pay a one time $40,000 bonus to its global banking analysts when they are promoted. This is double what some of the banks competitors are offering.  Its part of a push for lenders "to reward and retai...
Latham Watkins David Polk Davis Polk Wardwell Simpson Thacher Bartlett Credit Suisse Goldman Sachs

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