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      WWII Rosie the Riveters Are Honored in Washington

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      Rosie the Riveters, American women who filled a crucial labor shortage during World War II and reshaped the work force, were honored at the Capitol.Soon after the attack on Pearl Harbor in 1941, Marian Sousa moved to California to care for the children of her sister Phyllis Gould, who had gone to work as a welder in a Bay Area shipyard.Just a year later, Ms. Sousa, at 17 years old, joined the wartime work force herself, drafting blueprints and revising outdated designs for troop transports. Wearing a hard hat and with a clipboard in hand, she would accompany maritime inspectors on board ships she’d helped design and examine the product of her labors.She and her sister were just two of the roughly 6 million women who went to work during World War II, memorialized by the now iconic recruitment poster depicting Rosie the Riveter, her hair tied back in a kerchief, rolling up the sleeve of her denim shirt and flexing a muscle beneath the slogan, “We can do it!”More than eight decades later, Ms. Sousa, now 98, gathered at the Capitol on Wednesday with around two dozen other so-called Rosies — many of them white-haired and most wearing the red with white polka dots made famous by the poster — to receive the Congressional Gold Medal in honor of their efforts.Marian Sousa, wearing a red shirt with white polka dots in a nod to the classic recruitment poster depicting Rosie, at the ceremony on Wednesday.Kenny Holston/The New York Times“We never thought we’d be recognized,” Ms. Sousa said in an interview. “Just never thought — we were just doing the job for the country and earning money on the side.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      The Worst Part of a Wall Street Career May Be Coming to an End

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      Artificial intelligence tools can replace much of Wall Street’s entry-level white-collar work, raising tough questions about the future of finance.Pulling all-nighters to assemble PowerPoint presentations. Punching numbers into Excel spreadsheets. Finessing the language on esoteric financial documents that may never be read by another soul.Such grunt work has long been a rite of passage in investment banking, an industry at the top of the corporate pyramid that lures thousands of young people every year with the promise of prestige and pay.Until now. Generative artificial intelligence — the technology upending many industries with its ability to produce and crunch new data — has landed on Wall Street. And investment banks, long inured to cultural change, are rapidly turning into Exhibit A on how the new technology could not only supplement but supplant entire ranks of workers.The jobs most immediately at risk are those performed by analysts at the bottom rung of the investment banking business, who put in endless hours to learn the building blocks of corporate finance, including the intricacies of mergers, public offerings and bond deals. Now, A.I. can do much of that work speedily and with considerably less whining.“The structure of these jobs has remained largely unchanged at least for a decade,” said Julia Dhar, head of BCG’s Behavioral Science Lab and a consultant to major banks experimenting with A.I. The inevitable question, as she put it, is “do you need fewer analysts?”The inevitable question, according to Julia Dhar, head of BCG’s Behavioral Science Lab, is “do you need fewer analysts?”John Lamparski/Getty Images for Concordia SummitWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      ‘Brandy Hellville & the Cult of Fast Fashion’: 5 Takeaways

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      Former employees of the brand, a Gen Z fashion favorite, recount race and size discrimination in a new documentary on HBO.The clothing store Brandy Melville is known for selling diminutive, single-size pieces popular among Gen Z: linen short shorts, heart-print camisoles and sweatshirts printed with the word “Malibu.”Behind its Cali-girl aesthetic is a business that mistreats teenage employees and cashes in on young women’s insecurities, according to “Brandy Hellville & the Cult of Fast Fashion,” a documentary released on Tuesday on HBO.The documentary intersperses former employees’ accounts of racism and size discrimination while working in its stores with a broader look at the labor and environmental costs of the fast-fashion industry. The filmmakers said Stephan Marsan, the company’s mysterious chief executive, did not respond to several requests for comment.Eva Orner, the documentary’s director, said in an interview last week that it was a challenge to get former employees on camera because so many were fearful of the company. Those who were included were identified by only their first names. “I’ve done a lot of stuff in war zones, and with refugees and really life-or-death situations, and people have been more comfortable being on camera,” she said.Eva Orner, the director of “Brandy Hellville & the Cult of Fast Fashion,” said many former employees feared retaliation from the company if they participated in the documentary.Lucas Allen/HBOMs. Orner, an Australian who won an Academy Award for the documentary “Taxi to the Dark Side,” had not heard of Brandy Melville before producers mentioned the company to her in 2022 as a potential subject of investigation. The more she learned, the more she was disturbed by the brand’s cultlike following among teenage girls, who see it flaunted by celebrities like Kaia Gerber and Kendall Jenner.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      The economic paradox of the Biden presidency

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      Employers have been adding jobs since Joe Biden took office, but will the good news translate into votes?Labor painsOne of the more puzzling aspects of the U.S. economy is that employers have been on an almost uninterrupted hiring spree since President Biden took office — and analysts see no signs that the trend will reverse any time soon.The paradox is that there is no guarantee that the jobs boom will keep Biden in the White House beyond November, completely scrambling the adage “It’s the economy, stupid” that wins elections.For 39 straight months, employers have added jobs despite many predictions that the United States was destined for a recession. They have also faced a long list of challenges, that have hobbled many of America’s peers, including high inflation and interest rates; wars in Ukraine and Gaza that have sent energy prices soaring; and shipping turmoil in the Panama Canal, Red Sea and now the Port of Baltimore.March was another blockbuster for jobs. The latest data released Friday overshot analysts’ expectations by a huge margin, with employers adding 303,000 jobs. That takes the tally over the past 12 months to more than 2.8 million hires — and economists expect the upward course to continue. “We do think there’s still room for growth” into next year, Jeremy Schwartz, a senior U.S. economist at Nomura, told DealBook.It’s less certain if Biden will be able to capitalize on that in his race with Donald Trump. The White House heralded the latest numbers as “a milestone in America’s comeback,” and held it up as proof that the Inflation Reduction Act and CHIPS Act, two signature pieces of Biden’s agenda, were growing the economy.But the red-hot labor market could just as easily exacerbate two of Biden’s big vulnerabilities: inflation, with strong wages fueling a surge in spending that pushes up prices on everything from gasoline to concert tickets; and higher-for-longer interest rates to counteract those price rises. A growing chorus of Wall Street analysts were forecasting that the Fed would be in no rush to reduce borrowing costs after yesterday’s report.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Mercedes-Benz Workers in Alabama Ask for Unionization Vote

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      The United Automobile Workers union is mounting its most ambitious effort to gain an industry foothold beyond Detroit’s Big Three.Workers at a Mercedes-Benz factory in Alabama have petitioned federal officials to hold a vote on whether to join the United Automobile Workers, the union said on Friday, a step forward for its drive to organize workers at car factories in the South.The union is trying to build on the momentum from the contracts it won last year at Ford Motor, General Motors and Stellantis, which gave workers at the three Detroit carmakers their biggest raises in decades.The U.A.W. is also trying to organize workers at a Volkswagen factory in Tennessee and a Hyundai factory in Alabama, establishing a bigger presence in states that have drawn much of the new investment in automobile manufacturing in recent decades. A vote at the Volkswagen plant is scheduled for April 17 to 19.The drive has taken on added importance as Southern states like South Carolina and Georgia attract billions of dollars in investment in electric vehicle and battery manufacturing. The U.A.W. is trying to ensure that jobs created by electric vehicles do not pay less than jobs at traditional auto factories.A large majority of workers at the Mercedes plant, near Tuscaloosa, had earlier signed cards expressing support for a vote. On Friday they formally petitioned the National Labor Relations Board to hold an election on whether to be represented by the U.A.W., the union said.Mercedes, which makes luxury sport utility vehicles in Alabama, said in a statement that it “fully respects our team members’ choice whether to unionize” and that it would ensure that workers had “access to the information necessary to make an informed choice.”Southern states have traditionally been difficult territory for unions, in some cases because of legislation unfavorable to organized labor or because elected officials openly campaigned against unions. The lack of a strong union presence is probably one reason the region has attracted a big share of auto industry investment.Attempts in 2014 and 2019 to organize Volkswagen’s factory in Chattanooga, where the German company makes the Atlas sport utility vehicle and ID.4 electric S.U.V., failed in part because of opposition from Republican elected officials in Tennessee.Toyota, Volkswagen and other carmakers raised hourly wages after the union won pay increases for Ford, G.M. and Stellantis workers. Still, the nonunion workers tend to earn less. In many cases, pay is less of an issue than work schedules, health benefits and time off.In a video on Friday, the U.A.W. president, Shawn Fain, said workers were fighting for “work-life balance, good health care you can afford, a better life for your family.”The union has complained to the National Labor Relations Board that Mercedes has retaliated against organizers in Alabama. The carmaker denied the accusations, saying it “has not interfered with or retaliated against any team member in their right to pursue union representation.” More

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      Will A.I. Boost Productivity? Companies Sure Hope So.

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      Wendy’s ordering kiosks. Ben & Jerry’s grocery store freezers. Abercrombie & Fitch’s marketing. Many mainstays of the American customer experience are increasingly powered by artificial intelligence.The question is whether the technology will actually make companies more efficient.Rapid productivity improvement is the dream for both companies and economic policymakers. If output per hour holds steady, firms must either sacrifice profits or raise prices to pay for wage increases or investment projects. But when firms figure out how to produce more per working hour, it means that they can maintain or expand profits even as they pay or invest more. Economies experiencing productivity booms can experience rapid wage gains and quick growth without as much risk of rapid inflation.But many economists and officials seem dubious that A.I. — especially generative A.I., which is still in its infancy — has spread enough to show up in productivity data already.Jerome H. Powell, the Federal Reserve chair, recently suggested that A.I. “may” have the potential to increase productivity growth, “but probably not in the short run.” John C. Williams, president of the New York Fed, has made similar remarks, specifically citing the work of the Northwestern University economist Robert Gordon.Mr. Gordon has argued that new technologies in recent years, while important, have probably not been transformative enough to give a lasting lift to productivity growth.“The enthusiasm about large language models and ChatGPT has gone a bit overboard,” he said in an interview.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      How One Tech Skeptic Decided AI Might Benefit the Middle Class

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      David Autor, an M.I.T. economist and tech contrarian, argues that A.I. is fundamentally different from past waves of computerization.David Autor seems an unlikely A.I. optimist. The labor economist at the Massachusetts Institute of Technology is best known for his in-depth studies showing how much technology and trade have eroded the incomes of millions of American workers over the years.But Mr. Autor is now making the case that the new wave of technology — generative artificial intelligence, which can produce hyper-realistic images and video and convincingly imitate humans’ voices and writing — could reverse that trend.“A.I., if used well, can assist with restoring the middle-skill, middle-class heart of the U.S. labor market that has been hollowed out by automation and globalization,” Mr. Autor wrote in a National Bureau of Economic Research paper published in February.Mr. Autor’s stance on A.I. looks like a stunning conversion for a longtime expert on technology’s work force casualties. But he said the facts had changed and so had his thinking. Modern A.I., Mr. Autor said, is a fundamentally different technology, opening the door to new possibilities. It can, he continued, change the economics of high-stakes decision-making so more people can take on some of the work that is now the province of elite, and expensive, experts like doctors, lawyers, software engineers and college professors. And if more people, including those without college degrees, can do more valuable work, they should be paid more, lifting more workers into the middle class.The researcher, whom The Economist once called “the academic voice of the American worker,” started his career as a software developer and a leader of a computer-education nonprofit before switching to economics — and spending decades examining the impact of technology and globalization on workers and wages.Mr. Autor, 59, was an author of an influential study in 2003 that concluded that 60 percent of the shift in demand favoring college-educated workers over the previous three decades was attributable to computerization. Later research examined the role of technology in wage polarization and in skewing employment growth toward low-wage service jobs.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      A Look at Washington State’s ‘Strippers’ Bill of Rights’

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      Signed into law by Gov. Jay Inslee, the legislation provides wide-ranging protections for adult dancers.Washington State recently enacted a law that includes wide-ranging workplace protections for adult dancers, who have long fought for such measures across the country.The law, known as the Strippers’ Bill of Rights, was signed by Gov. Jay Inslee on March 25. It includes anti-discrimination provisions and mandatory club employee training.Supporters of the law say that it includes incentives for establishments to comply, as it carves a path for them to obtain liquor licenses. The state traditionally has prohibited venues that allow sexual performances to sell alcohol.“It is crucial that we confront the stigma surrounding adult entertainment and recognize the humanity of those involved in the industry,” State Senator Rebecca Saldaña of Seattle, a Democrat who sponsored the legislation, said in a statement.“Strippers are workers,” she said, “and they should be given the same rights and protections as any other labor force.”Madison Zack-Wu, the campaign manager for Strippers Are Workers, a dancer-led organization that supported the bill, said in an interview that “the most important part of this policy is that it was created by dancers, for ourselves in our own working conditions.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More