Nicole Obi MCP ’95, SM ’95, head of the Black Economic Council of Massachusetts, speaks with Boston Magazine reporter Jonathan Soroff about how Massachusetts can level the playing field for entrepreneurs. “We’re at this point of racial awakening, and a lot of people might not be comfortable with it, but they get it,” says Obi. “Being in this moment makes me really excited to be part of the solution and to create a more equitable future for Massachusetts.”
Prof. Deborah Ancona speaks with Forbes reporter Tima Bansal about her research into X-teams, a specific type of team structure used in business environments.
In an article for Fast Company, Prof. Kate Kellogg and Prof. Erin Kelly, along with Boston University lecturer Constance Hadley, explore how employers can help encourage spontaneous interactions among employees. “By giving more attention to cultivating employee relationships and network ties at work, leaders can help create a hybrid workplace that offers the best of both worlds,” they write.
MIT’s Sloan School of Management and University of Navarra’s IESE Business School are launching a Global CEO Program designed for senior executives, reports Syndey Lake for Fortune. “Students, through the seven-month program, will focus on topics including systems thinking, innovation mindset, communication, change management, emerging technologies, negotiation and influence, self-leadership, and building a legacy,” writes Lake.
Fast Company reporter Amelia Hemphill spotlights the work of Alicia Chong Rodriguez SM ’17, SM ’18, and her startup Bloomer Tech, which is “dedicated to transforming women’s underwear into a healthcare device.” “Our big goal is to generate digital biomarkers,” says Chong Rodriguez. “Digital biomarkers work more like a video, so it will definitely allow a more personalized care from the physician to their patient.”
A new study co-authored by Prof. S.P. Kothari “analyzes the stock returns of thousands of companies from 1988-2020, comparing those that repurchased shares against firms that didn’t, adjusting for their size and other factors,” reports Jason Zweig for The Wall Street Journal. “We don’t see massive misuse as some people allege,” says Kothari. “This isn’t a rigged game where CEOs are lining their pockets.”
A study co-authored by Senior Lecturer Donald Sull found that the top factor in employee retention is corporate environment, reports Ellen Rosen for The New York Times. Sull says that a toxic work culture was “10 times more predictive of having a higher-than-industry-average attrition rate than compensation.”
Writing for the Financial Times, Prof. Daron Acemoglu and his co-authors explore their research demonstrating that “the biggest shift when a chief executive with a business degree takes charge is a decline in wages and the share of revenues going to labor.” Acemoglu and his co-authors note that while many business schools have updated their offerings to include more ethics courses, they emphasize the importance of “being aware of what managers with business degrees used to do is an important step in reflecting on how we can build better programs.”
MIT researchers have found that “automation is the primary reason the income gap between more and less educated workers has continued to widen,” reports Ellen McGirt for Fortune. “This single one variable…explains 50 to 70% of the changes or variation between group inequality from 1980 to about 2016,” says Prof. Daron Acemoglu
Prof. Daron Acemoglu speaks with Politico reporter Derek Robertson about his new study examining the impacts of automation on the workforce and economy. “This discussion gets framed around ‘Will robots and AI destroy jobs, and lead to a jobless future,’ and I think that's the wrong framing,” says Acemoglu. “Industrial robots may have reduced U.S. employment by half a percent, which is not trivial, but nothing on that scale [of a “jobless future”] has happened — but if you look at the inequality implications, it's been massive.”
TechCrunch reporter Brian Heater spotlights a new study by Prof. Daron Acemoglu that examines the impact of automation on the workforce. “We’re starting with a very clear premise here: in 21st-century America, the wealth gap is big and only getting bigger,” writes Heater. “The paper, ‘Tasks, Automation, and the Rise in U.S. Wage Inequality,’ attempts to explore the correlation between the growing income gap and automation.”
Popular Science reporter Andrew Paul writes that a study co-authored by Institute Prof. Daron Acemoglu examines the impact of automation on the workforce over the past four decades and finds that “‘so-so automation’ exacerbates wage gaps between white and blue collar workers more than almost any other factor.”
Writing for The Wall Street Journal, MIT Prof. Katherine Kellogg and Stanford Prof. Melissa Valentine explore the challenges of introducing AI technologies in the workplace, focusing on the fashion industry. "Getting workers to actually use the technologies will turn out to be just as important as making sure the systems work in the first place," they write.
Profs. Daron Acemoglu and David Autor speak with New York Times correspondent Thomas B. Edsall about the forces driving working-class voters towards the Republican party. “Elites are making choices that are not good news for non-college workers,” said Acemoglu. “In fact, they are bad news for most workers.”
Research Scientist David Correll speaks with Wall Street Journal reporter Cheryl Winokur Munk about the challenges companies are facing as they try to improve supply-chain sustainability. “Doing better at sustainability involves being closer and sharing information with some of your supply base,” says Correll. “There’s value to unlock through supplier development and collaboration in terms of innovation and resilience.”