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Recent Editions
Human Times
North America
Jeff Bezos has launched a new artificial intelligence (AI) company, Prometheus, with former Google executive Vik Bajaj, aiming to develop an “artificial general engineer” capable of designing and manufacturing complex products such as jet engines. The business, valued at approximately $41bn and backed by $12bn from investors including JPMorgan Chase, Goldman Sachs and BlackRock, plans to use AI to improve productivity across the engineering process. Mr Bezos argued that AI will ultimately create a labor shortage rather than mass unemployment, saying productivity gains will generate more opportunities than the jobs displaced. He added that AI is ushering in “a multitude of golden ages” and described the current environment as “the best time to start a company.”
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Human Times
UK
Former Health Secretary Alan Milburn, the chair of the government-commissioned review into youth inactivity and unemployment, writes in the Sunday Times on the importance of apprenticeships, and the sharp drop in young people starting apprenticeships over the last decade. The number of starts among under-19s has almost halved over that period, from 130,000 to 75,000, while entry-level starts at Level 2 have fallen by 68%. "Much of this drift away from young people has a specific cause", he writes, "the apprenticeship levy. Introduced in 2017 with good intentions, it has in practice been captured by the economic logic of upskilling existing, older employees." While the government "has begun to act," he says, it needs to act faster, while businesses should "prioritise young people," work with schools and colleges, simplify hiring, and offer "the mentoring, structure and patience that turns potential into performance."
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Human Times
Europe
Voters in Switzerland have rejected a proposal to limit the country's population to 10m. Results showed nearly 55% of participants voted against and 45% voted for. The turnout was 60% of the population. Championed by the right-wing Swiss People’s Party, the proposal stipulated that the population must not exceed 10m before 2050, and that if it did so for two years, Switzerland should end freedom of movement with the EU. The vote was opposed by the government, Swiss businesses, and all the other major parties. “With today’s decision, the electorate has sent out a signal of stability, openness, and reliability,” Swiss Justice Minister Beat Jans told a press conference alongside Swiss President Guy Parmelin.
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Human Times
Middle East
More workers are embracing “microshifting,” or managing their time in short, productive bursts, with intentional breaks for family time or personal replenishment to prioritise work-life balance. Anita Williams Woolley, associate dean of research and professor of organisational behaviour at Carnegie Mellon University, says microshifting is more likely to be prevalent in sectors where flexible work arrangements are already common, such as IT, financial services, and professional and technical services, and less so among those who work at restaurants or retailers. “Accommodating the changing needs and preferences of employees in a high-turnover industry is a complex optimisation problem that has been challenging, even for sophisticated software to solve,” Williams Woolley says.
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