Just Capital

Happy #MayDay. Traditionally a day when the world celebrates workers, this year the homophone is perhaps more apt. The American worker is, by many measures, sending up a distress flare. Job satisfaction has fallen to the lowest level in the 12-year history of the New York Fed's survey. #Wage growth expectations are down. Entry-level hiring is low as Gen Z competes with #AI to get a foot on the first rung of the ladder. But it isn’t all doom and gloom. Against the steady drumbeat of AI-driven layoff announcements, some companies are taking a different tack:

By now, you've seen the news that, after 14 years as CEO of Apple, Tim Cook is stepping down and passing the reins to longtime hardware chief John Ternus. You've also likely seen the headline number that accompanies every retrospective this week. Apple stock is up a remarkable 1,946% since Cook took over in 2011. At Just Capital, we look at success through an additional lens of how well companies perform on the issues that matter most to the American public. On that scorecard, the Cook era looks notable too:

“If AI really is going to create a lot of opportunity for more people, that should show up in greater wealth building.” — Just Capital CEO Martin Whittaker from Semafor World Economy

Recognition rooted in responsibility, HPE is named one of America’s Most Just Companies by Just Capital and CNBC. See the rankings: https://hpe.to/6042B6AZ3p

Have we reached a tipping point with AI? New data from Just Capital shows a drastic disconnect between what the public expects companies to do for their workers through the AI transition — versus what the companies are actually doing. The resistance and skepticism we are seeing around AI isn't anti-progress. It is about the feeling of being abandoned. The future is being rewritten — without us learning from the mistakes of the past. But it doesn't have to be this way. My latest ... 👇 #AI #FinTech #BankingIndustry #FutureOfWork #Leadership

Wrapping up a whirlwind week at the Semafor World Economy Summit. My top three takeaways? 1. There is a hunger to come together and have honest conversations in the business community, especially among corporate leaders. 2. There is a clear belief that business can, should, and must step in to make business successful for all of their #stakeholders. 3. No conversation is complete without a discussion on the impacts of #AI on the American workforce, particularly around the pace of change.

The polling is clear: Gen Z is skeptical of #AI. How do companies grapple with this generational impasse?