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MIT Sloan School of Management

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Plan Sponsor

Researchers from MIT have found that our current retirement savings system “largely favors higher-income and white employees,” reports Remy Samuels for Plan Sponsor. The researchers concluded that “employer matching and tax benefits are more unequally distributed than wages,” explains Samuels. “While the median Black and Hispanic earners receive 75 cents and 79 cents, respectively, for every dollar of earnings received by the median white earner, median Black and Hispanic earners receive only about 50 cents for every dollar of matching contributions that median white earners receive.”

VOA News

Prof. David Rand speaks with VOA News about the potential impact of adding watermarks to AI generated materials. “My concern is if you label as AI-generated, everything that’s AI-generated regardless of whether it’s misleading or not, people essentially are going to stop really paying attention to it,” says Rand.

Fast Company

Fast Company reporter Kristin Toussaint spotlights how MIT researchers have developed a new map detailing how the shift to clean energy could impact jobs around the country. The researchers found that workers could be most impacted in areas that drill for oil and gas, as well as “regions with a high concentration of manufacturing, agriculture, and construction—all industries that rely heavily on coal, oil, and gas.” 

CNN

Senior Lecturer John Parsons speaks with CNN reporters Angela Dewan, Ella Nilsen and Lou Robinson about the future of Small Modular Reactors (SMRs) – nuclear technology that is smaller and less costly to build than traditional, large-scale reactors. “The target here is to produce electricity cheaper than coal and gas plants,” says Parsons. These fossil fuel plants “are terribly simple and cheap to run – they’re just dirty.”

The Boston Globe

Prof. John Sterman speaks with Boston Globe reporter Alexa Coultoff about his experience retrofitting his home to achieve a fully net-zero house. “Sterman said he asked himself what actions would have the biggest payoff and went from there,” writes Coultoff. “For example, his home’s original windows from the 1920s were in rough shape, so he decided to tighten the building’s envelope, resulting in wider windowsills, where, added bonus, he can now display a robust plant collection.”

The Hill

Prof. Emeritus Henry Jacoby writes for The Hill about the potential impact of the 2024 presidential election on climate change. “Laissez-faire, ‘do nothing’ climate policy is a recipe for present and future climate and societal harm,” Jacoby writes. “The climate system will not magically self-repair if we continue to pump greenhouse gases into the atmosphere.”

New York Times

New York Times opinion writer Peter Coy spotlights the MIT Shaping the Future of Work Initiative, a new effort aimed at analyzing the forces that are eroding job quality for non-college workers and identifying ways to move the economy onto a more equitable trajectory. Nothing is “inexorable,” said Prof. Daron Acemoglu during the project’s kickoff event. “The answer in most cases is, AI will do whatever we choose it to do.”

CNN

In a new study examining the potential impact of AI on jobs that employ computer vision, MIT researchers found, “a vast majority of jobs previously identified as vulnerable to AI are not economically beneficial for employers to automate at this time,” reports Catherine Thorbecke for CNN. “In many cases, humans are the more cost-effective way, and a more economically attractive way, to do work right now,” says Research Scientist Neil Thompson, director of the FutureTech Research Project at CSAIL. “What we’re seeing is that while there is a lot of potential for AI to replace tasks, it’s not going to happen immediately.”

Bloomberg

A new working paper by MIT researchers finds that artificial intelligence is not currently a cost-effective replacement in jobs where computer vision is employed, reports Saritha Rai for Bloomberg. “Our study examines the usage of computer vision across the economy, examining its applicability to each occupation across nearly every industry and sector,” explains Research Scientist Neil Thompson, director of the FutureTech Research Project at CSAIL. “We show that there will be more automation in retail and healthcare, and less in areas like construction, mining or real estate.”

The Hill

Writing for The Hill, Prof. Arnold Barnett examines the safety of passenger flights. “The safety of flying in countries like the U.S. is the eighth wonder of the world,” notes Barnett. “Far from being nervous as we approach the airport, we should be awestruck that flying is so free of risk — and deeply grateful to those who have made it so.”

New Scientist

A new working paper by MIT researchers focuses on whether human work, including vision tasks, are worth replacing with AI computer vision, reports Jeremy Hsu for New Scientist. “There are lots of tasks that you can imagine AI applying to, but actually cost-wise you just wouldn’t want to do it,” says Research Scientist Neil Thompson, director of the FutureTech Research Project at CSAIL.

The Boston Globe

Researchers at MIT have released a new working paper that aims to quantify the severity and speed with which AI systems could replace human workers, reports Hiawatha Bray for The Boston Globe. The paper concluded that “it’s not enough for AI systems to be good at tasks not performed by people,” explains Bray. “The system must be good enough to justify the cost of installing it and redesigning the way a job is done.”

The Washington Post

Alicia Chong Rodriguez SM ’17, SM ’18 founded Bloomer Tech, a health tech startup that aims to improve health care diagnostics for women using medical-grade data to develop new therapies and care models, reports Carol Eisenberg for The Washington Post. Rodriguez and her colleagues "developed, patented and tested flexible washable circuits to turn articles of clothing into devices that can relay reams of information to the wearer’s smartphone,” writes Eisenberg.

Bloomberg

Bloomberg reporter Boyan Ivanchev spotlights research by Prof. Drazen Prelec and Prof. Duncan Simester that finds, “credit card buyers were willing to pay over 100% more for tickets, due to the behavioral pattern that psychologically causes the credit card buyer to perceive the purchase as a type of deferred payment, and therefore, not immediately feel the psychological discomfort, as when letting this amount go when paying cash.”

Fortune

Prof. Florian Berg speaks with Fortune reporter Paolo Confino about the future of ESG initiatives. “The problem is that companies and also investors are often not really honest about their intentions,” Berg says. “They might actually sell something that’s purely a profit-driven decision and then write it in a report as they’re doing a lot for society even though they’re just engaging in profit maximization.”