MIT has been ranked one of the top universities in the world by U.S. News & World Report, writes Emily Sweeney for The Boston Globe. Sweeney writes that the ranking “looked at approximately 1,500 colleges and universities and evaluated them on 19 measures of academic quality — this year changing its methodology to put more emphasis on social mobility and the outcomes of graduating students.”
Research fellow Michael Schrage speaks with Fortune reporter Sheryl Estrada about generative AI’s role in the digital economy. “If you truly understand and structure your use cases for generative AI correctly, there’s much less risk associated with the investment,” says Schrage.
Forbes reporter Roger Trapp spotlights Prof. Zeynep Ton’s work in improving employer operations as part of an effort to better satisfy employees. Ton has written two books, “Good Jobs Strategy: How the Smartest Companies Invest in Employees to Lower Costs and Boost Profits” and “The Case for Good Jobs,” which explores how “a combination of high investment in people and a set of choices [can produce] operational excellence,” writes Trapp.
Fortune has named Katie Rae, CEO of The Engine, as one of the top 13 seed stage, climate tech VCs to watch, reports Lucy Brewster for Fortune. “Rae tops venture firm The Engine, which beyond being a fund, is an investing arm that spun out of MIT,” explains Brewster. “Yet Rae invests in an array of companies and sources founders from beyond just university walls.”
Prof. David Autor and his colleagues have documented China’s impact on manufacturing jobs in the U.S. after joining the World Trade Organization in 2001, an effect known as the China shock, reports Shawn Donnan for Bloomberg in an article about how manufacturing job losses impacted Rockingham County in North Carolina. “Declining populations of young workers, as well as lower pay, have persisted in Rockingham and other communities hardest hit by this China shock, the researchers found in a 2021 paper,” writes Donnan.
Prof. Emeritus Thomas Kochan writes for The Hill about the need for a new social contract that reflects the expectations of today’s workforce, including sizable wage increases due to inflation and a voice in the use of AI and generative technology. “Either labor and management negotiate a new social contract that is more responsive to what workers want and need today, or we will experience intensified conflicts that further divide our country,” writes Kochan.
Financial Times reporter Andrew Hill spotlights Prof. Zeynep Ton’s new book “The Case for Good Jobs,” which presents “a tough, evidence-backed approach to improving what is often unhelpfully classed as ‘unskilled’ work.” Hill notes that: “Ton’s recipe has four ingredients: focus and simplify, standardize and empower, cross-train staff and ‘operate with slack’, which allows employees greater autonomy and gives them time to solve problems and come up with new ideas themselves.”
Prof. Yossi Sheffi speaks with Marketplace host Meghan McCarty Carino about how AI has impacted the workplace, highlighting the wide deployment of robots in warehouses. “Instead of people running around the warehouses, the people stand and the robots run around the warehouses,” Sheffi said. “But they bring the work to the people who then put it in boxes, package them.”
MIT has been selected as the world’s best university in the 2024 QS World University Rankings, reports Cecilia Rodriguez for Forbes. MIT has secured “the top position for the 12th consecutive year,” writes Rodriguez.
Writing for the Financial Times, Prof. Robert Pindyck makes the case that households, private businesses and governments must "invest in adaptation to climate change, in order to counter its possible impact.” Pindyck writes, “Now is the time to put more effort into efficient CO₂ emission reduction, and invest in adaptation to limit the impacts of climate change.”
Financial Times reporter Andrew Hill highlights Prof. Zeynep Ton’s new book “The Case for Good Jobs: How Great Companies Bring Dignity, Pay, and Meaning to Everyone’s Work” in a roundup of his best books of the year thus far. “Ton has assembled a hard-to-dispute argument that better and better-paid jobs contribute to a virtuous circle of greater competitiveness, productivity and, above all, worker dignity and wellbeing,” writes Hill.
Boston Globe reporter Kara Miller spotlights Prof. Zeynep Ton’s work advocating for better treatment and pay for workers. Ton, who originally came to the Boston area to study supply chains, recently published a new book, “The Case for Good Jobs,” and is “on a mission to change how company leaders think, and how they treat their employees,” writes Baskin. “To Ton, the solution is clear: Treat people better, give them more control over their lives, close the income divide. It’s just good business.”
J. Daniel Kim PhD ’20 and Minjae Kim SM ’17 PhD ‘18 have found that young companies “were less likely than similar companies to change their line of business or location” after the departure of a founder, reports Kevin Lewis for The Boston Globe. “Companies that did change their line of business tended to perform better, especially around recessions,” explains Lewis. “This supports the notion that the loss of a founder tends to impede necessary change.”
MIT alumni Steve Fredette, Aman Narang and Jonathan Grimm co-founded Toast, an all-in-one online restaurant management software company, reports Aaron Pressman for The Boston Globe. “The Toast founders spent hours talking to restaurateurs and built features such as real-time communication with the kitchen about special orders and dishes that have sold out, and a way of tracking loyalty rewards,” explains Pressman.
Prof. Yossi Sheffi, director of the MIT Center for Transportation and Logistics, speaks with David Wade of WBZ News about AI and the future of work. "Jobs will change, clearly some jobs will disappear. I don't want to minimize it," says Sheffi. “Some jobs will disappear, but this is a very small number. Most of the impact of technology is to assist."