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2025-01-28 14:01:28

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2025-01-28 14:01:16

3 Policies to Guide a Pro-Growth, Pro-Worker Economy Under Trump
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Lynn Forester de Rothschild argues for three policies to enhance the economic status of low-income workers under President Trump's second term; over half of low-income Americans without a college degree voted for Trump; the proposal includes increasing employee ownership through tax-advantaged models, raising the federal tax threshold for low-income earners to below $30,000, and raising the federal minimum wage from $7.25 to $15 per hour; 36.8 million Americans live below the poverty threshold; the current minimum wage has not increased since 2009; raising the minimum wage could reduce government spending on public assistance by $13.4 billion to $31 billion; the Council for Inclusive Capitalism was established five years ago to promote inclusive economic policies.
#Trump #Economy #Workers #Policy #MinimumWage #Tax #Inequality #Capitalism #EmployeeOwnership #PublicAssistance
https://hbr.org/2025/01/3-policies-to-guide-a-pro-growth-pro-worker-economy-under-trump

2024-09-12 12:55:35

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2024-09-12 12:55:24

The Market Alone Can’t Fix the U.S. Housing Crisis
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The U.S. housing crisis is exacerbated by high rents and mortgage rates; tens of millions spend over 30% of income on housing; Vice President Kamala Harris announced a goal to build 3 million new housing units on August 2024; the Biden-Harris administration plans to cap rent increases at 5% for large landlords; RealPage's collusion with landlords has led to significant rent hikes; antitrust enforcement is necessary to combat landlord market power; liberalizing zoning rules alone won't solve the crisis; public governance and direct housing provision are essential; social housing can provide affordable options and pressure private landlords to improve standards.
#HousingCrisis #PublicPolicy #AffordableHousing #Antitrust #ZoningReform #Realpage #KamalaHarris #BidenAdministration #Landlords #SocialHousing
https://hbr.org/2024/09/the-market-alone-cant-fix-the-u-s-housing-crisis

2024-05-14 12:57:48

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2024-05-14 12:57:37

Research: What Companies Don’t Know About How Workers Use AI
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Three Gallup studies reveal that leaders do not fully understand their employees' use of, and readiness for, AI. A significant number of Americans do not trust business' use of AI. The article offers three recommendations for leaders: measure how employees currently use AI, cultivate trust by empowering managers, and adopt a purpose-led AI strategy driven by the company's purpose instead of a fear-driven rules-heavy strategy. Trust is crucial for the success of AI initiatives. Jeremie Brecheisen is a partner and managing director of The Gallup CHRO Roundtable.
#Ai #MachineLearning
https://hbr.org/2024/05/research-what-companies-dont-know-about-how-workers-use-ai

2024-05-06 14:01:42

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#note106l…qsaa

2024-05-06 14:01:31

The U.S. Economy’s Soft Landing Is Still on Track
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Recent disappointing macroeconomic data in the U.S. is actually a sign of the economy's strength. The pessimism surrounding the U.S. consumer has been based on a misreading of their financial situation. Aggregate consumption is more than $1.5 trillion above 2019 levels in real terms. However, high interest rates still pose challenges for some firms and households. The U.S. economy has proven to be more resilient than previously thought. Philipp Carlsson-Szlezak is a managing director and partner at BCG and the firm's global chief economist. Paul Swartz is an executive director and senior economist at BCG Henderson Institute. The article was published on May 6, 2024.
#UsEconomy #ConsumerTrends #MonetaryPolicy
https://hbr.org/2024/05/the-u-s-economys-soft-landing-is-still-on-track

2024-04-10 22:17:40

Case Study: How Aggressively Should a Bank Pursue AI?
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Siti Rahman, the CEO of Malaysia-based NVF Bank, is considering turning the traditional bank into an AI-first institution. The head of AI innovation, Michael Lim, proposes a plan that involves a substantial investment to transform the bank, reducing headcount and branches. The bank's CFO cautions against valuing efficiency above all else. Siti must weigh the bank's mixed history with AI, the resistance to losing the human touch in banking services, and the risks of falling behind in technology. Two experts, Noemie Ellezam-Danielo and Sastry Durvasula, offer advice. Siti must decide whether to pursue AI aggressively or take a prudent, incremental approach to innovation.
#Ai #Banking #Innovation
https://hbr.org/2024/05/case-study-how-aggressively-should-a-bank-pursue-ai

2024-02-13 14:56:50

Is China’s Economic Dominance at an Inflection Point?
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In 2023, China lost the top spot on the Fortune Global 500 list to the USA. This article presents six reasons why China is unlikely to recover the top spot and suggests ways in which US, European, and Japanese firms can exploit China’s weaknesses. The authors are Allen J. Morrison, a professor of global management at Arizona State University’s Thunderbird School of Global Management, and J. Stewart Black, a professor of global leadership and strategy at INSEAD.
#China #Economy #GlobalDominance
https://hbr.org/2024/02/is-chinas-economic-dominance-at-an-inflection-point