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Senate bill would require companies to report AI layoffs as job cuts reach 20-year high in October

1 month 2 weeks ago
Government agencies would also have to report losses due to automation.

ai-pocalypse  A bipartisan pair of US Senators has introduced a bill that would require companies and government agencies to report AI-related layoffs, and it couldn't come at a better time. October jobs data suggests AI is driving the largest wave of layoffs headed into the end of the year that we've seen since 2003. …

Brandon Vigliarolo

Why Manufacturing's Last Boom Will Be Hard To Repeat

1 month 2 weeks ago
American manufacturing's postwar boom from the 1940s through the 1970s resulted from conditions that cannot be recreated, a story on WSJ argues. Global competitors had been destroyed by war. Energy was cheap. Unions could demand concessions without fearing job losses to foreign rivals. Strikes were frequent in steel, auto, trucking, rubber and coal mining. That relentless pressure from an organized working class raised real wages and created fringe benefits including health insurance and retirement pay. Government support for unions kept executive salaries at just a few times median income. Stock buybacks were illegal or frowned upon. President Eisenhower declared at the 1956 dedication of the AFL-CIO national headquarters that "Labor is the United States." The system began unraveling by the mid-1960s. The Vietnam War drained federal coffers. Inflation accelerated as government deficits exploded. Nixon abandoned the gold standard in 1971, unleashing currency volatility. The 1973 OPEC oil embargo quadrupled energy prices. Foreign competition returned from Japan, Korea and West Germany. American companies carried mounting legacy costs like pensions that discouraged investment in upgrades and research. Milton Friedman declared in a 1970 New York Times essay that the social responsibility of business is to increase its profits. Clinton signed NAFTA in 1993 and championed the World Trade Organization in 1995. Bethlehem Steel employed around 150,000 people in the mid-1950s. The company filed for bankruptcy in 2001. Its former hometown plant in Bethlehem, Pa., is now a casino.

Read more of this story at Slashdot.

msmash

Automattic Inc. Claims It Owns the Word 'Automatic'

1 month 2 weeks ago
An anonymous reader shares a report: Automattic, the company that owns WordPress.com, is asking Automatic.CSS -- a company that provides a CSS framework for WordPress page builders -- to change its name amid public spats between Automattic founder Matt Mullenweg and Automatic.CSS creator Kevin Geary. Automattic has two T's as a nod to Matt. "As you know, our client owns and operates a wide range of software brands and services, including the very popular web building and hosting platform WordPress.com," Jim Davis, an intellectual property attorney representing Automattic, wrote in a letter dated Oct. 30. "Automattic is also well-known for its longtime and extensive contributions to the WordPress system. Our client owns many trademark registrations for its Automattic mark covering those types of services and software," Davis continued. "As we hope you can appreciate, our client is concerned about your use of a nearly identical name and trademark to provide closely related WordPress services. Automattic and Automatic differ by only one letter, are phonetically identical, and are marketed to many of the same people. This all enhances the potential for consumer confusion and dilution of our client's Automattic mark."

Read more of this story at Slashdot.

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