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đ Meet your new robot CEO
Read time: 2.5 minutes
Good Afternoon Party People! đ
Oxfordâs word of the year is ârizzâ. If you donât know what it means, ask your local Gen Zâer.
Hereâs how to use it in a sentence:
âHe totally rizzed up that interviewer, heâs for sure getting that jobâ
PARTY PLAN đ
đ¤ Meet your new robot CEO
đ° So no raise?!
đ McDonaldâs in the McSupreme Court
And, of course, MEMES!
MEME OF THE DAY
AI
Meet Your New Robot CEO
Todayâs episode of Black Mirror features a robot CEO and a Polish beverage company called âDictadorâ.
Dictador recently announced that its newest Chief Executive Officer is a robot named Mika. Mika is an AI-powered robot that is âalways on 24/7, ready to make executive decisions and stir up some AI magic.â
CreepyâŚ
But hereâs the good newsâŚ
Fortunately, she wonât be terminating any employees and major decisions will still be made by human executives.
Mikaâs responsibilities include identifying potential clients, designing bottles, or selecting artists to hire and design for them, plus lots of data analysis and strategic planning.
At a recent event, Mika had this to say, âMy presence on this stage is purely symbolic. In reality, conferring an honorary professor title upon me is a tribute to the greatness of the human mind in which the idea of artificial intelligence was born.â
Which is exactly what an AI CEO would say before taking over the worldâŚ
She has also already begun weighing in on other robot CEOsâ actions. Mika called for peace between Zuck and Elon saying they shouldnât go through with the cage fight đ
Pretty soon sheâll be challenging them both in the octagon.
Companies have begun to take up odd use cases for AI in the workplace. But this one might take the cake for the weirdest use case yet.
PAY
So No Raise?!
Wage growth has slowed as many companies have implemented hiring freezes, layoffs, and paused promotions over the last 12 months.
While it may seem like a bad sign, economists at Business Insider are saying itâs exactly what the country needs to avoid a disastrous inflationary wage-price spiral.
Average hourly earnings are up 4.1% YoY, which is down from almost 6% earlier this year. As the growth continues to slow, the Fed is less likely to hike rates again and we could move even closer to a pre-pandemic ânormal.â
Even with slowing wage growth, workers are finally seeing their earnings start to catch up with inflation (allegedly - weâre not buying it).
Nick Bunker, an economic researcher for Indeed, put it like this, âraises are great, but if they don't get you any more purchasing power, that's not ideal.â
If you ask us, we believe you deserve a raise.
HIRING
McDonaldâs in the McSupreme Court
McDonaldâs has asked the Supreme Court to decide on a case where former employees are suing because of their âno-poachâ clause.
McDonaldâs and their franchise owners have an agreement to not hire employees from other franchises until 6 months after their last day of employment. However, a group of former employees are accusing the fast food giant of a âper seâ violation of the Sherman Antitrust Act.
(Approved July 2, 1890, The Sherman Anti-Trust Act was the first Federal act that outlawed monopolistic business practices)
The lawsuit, originally filed in 2018, ruled in favor of McDonaldâs but the 7th Circuit Court ruled that they had done so too early and vacated the judgment.
Now, if the Supreme Court hears this case, it is sure to set some strong precedent on no-poach and non-compete agreements across multiple industries going forward.
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