labor

Uber, Lyft to Exit Minneapolis After Minimum Wage Vote

Uber, Lyft to Exit Minneapolis After Minimum Wage Vote
Uber, Lyft to Exit Minneapolis After Minimum Wage Vote
March 15, 2024  |  Ridesharing

Uber and Lyft will reportedly halt their operations in Minneapolis after the city council voted to require that drivers be paid a minimum wage of...

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Report: Figure AI to Raise $675 Million for Human-Like Robots
Report: Figure AI to Raise $675 Million for Human-Like Robots
February 23, 2024  |  Investments

Figure AI, a startup developing human-like robots, is reportedly in the process of raising $675 million in funding, with a pre-money valuation of roughly $2...

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Jobless Claims Fall in Face of Ongoing Layoffs
Jobless Claims Fall in Face of Ongoing Layoffs
February 22, 2024  |  Economy

New Department of Labor data shows a drop in initial applications for unemployment in the United States. Unemployment claims fell by 12,000 to 201,000 for...

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Private Sector Hiring and Pay Increases Slow in January
Private Sector Hiring and Pay Increases Slow in January
January 31, 2024  |  Economy

Hiring and pay increases in the private sector slowed in January. The private sector added 107,000 jobs during the month, and annual pay increased by...

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Will AI’s Biggest Questions Find Their Answers This Year?
Will AI’s Biggest Questions Find Their Answers This Year?
January 17, 2024  |  Artificial Intelligence

Technological innovations bring with them vast economic opportunities, but also an equal number of questions. These can include questions around their most effective use, questions...

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Report: Instagram Eliminates Management Layer, 60 Technical Program Manager Roles 
Report: Instagram Eliminates Management Layer, 60 Technical Program Manager Roles 
January 12, 2024  |  Personnel

Instagram has reportedly told 60 technical program managers that they must find another job at the company or be let go in two months.  The Meta-owned social...

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Uber: White House Gig Worker Rule Won’t Impact Us
Uber: White House Gig Worker Rule Won’t Impact Us
January 09, 2024  |  Gig Economy

Uber says a proposed Biden administration rule change for gig workers will not affect its operations. The Department of Labor’s proposal makes it tougher for companies to...

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AI’s Future Is Becoming Indistinguishable From the Future of Work
AI’s Future Is Becoming Indistinguishable From the Future of Work
January 09, 2024  |  Artificial Intelligence

As the artificial intelligence (AI)-driven workforce takes shape, an emerging downstream impact is a new perspective on historic, traditionally labor-centric, cost structures as firms chase AI-fueled efficiencies....

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