Productivity
Why Isn’t New Technology Making Us More Productive?
The goal is not to replace workers but to lift their performance, said Zayd Enam, the company’s co-founder and chief executive. Cresta’s offering, he said, is made possible by recent advances in the power and speed of A.I. software, which he described as “game changing.” Cresta has 200 employees, has raised more than $150 million […]
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Are You Happy? Your Boss Is Asking.
Garry Ridge, who runs the chemical company WD-40, has a leadership style guided by two sources — Aristotle, and the BlackRock chief executive Larry Fink. “Pleasure in the job puts perfection in the work,” Mr. Ridge said first, quoting the Greek philosopher. Then he picked up a recent BlackRock memo. “Companies who forged strong bonds […]
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Could Wages and Prices Spiral Upward in America?
As prices for products including gas, steaks, bacon and camping equipment climb rapidly, eating into paychecks and dominating headlines, consumers are more likely to take note and ask for better pay. “Things change completely when inflation is a big number,” Mr. Blanchard said. “Salience changes.” There are signs that wages are feeding into price increases, […]
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Economists Pin More Blame on Tech for Rising Inequality
Yet the technological shift evolved as growth in postsecondary education slowed and companies began spending less on training their workers. “When technology, education and training move together, you get shared prosperity,” said Lawrence Katz, a labor economist at Harvard. “Otherwise, you don’t.” Increasing international trade tended to encourage companies to adopt automation strategies. For example, […]
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