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UK economy could get a £550 billion boost from AI by 2035, Microsoft claims

Workplace Insight

A new report commissioned by Microsoft suggests that the UK economy could see a significant boost of £550 billion by 2035 if the country embraces artificial intelligence (AI) and cloud technology. The report, titled Unlocking the UK’s AI Potential , claims to highlight several ways the technology can benefit the UK economy.

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What's Hot in Workers' Comp 2022?

Florida Workers' Comp

The world of workers' compensation is geographic and diverse. There is no workers' compensation "system," but at least 60 systems across the country. Virgin Islands, Guam, Puerto Rico, American Samoa, the Norther Marianna Islands, the Jones Act, and the Longshore and Harbor Workers' Act all come to mind.

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US workers gain more freedom to change jobs as government bans noncompete agreements

Workplace Insight

The US Federal Trade Commission (FTC) has dealt a blow to restrictive employment practices by issuing a final rule that bans most noncompete agreements nationwide. This means millions of American workers will soon have more freedom to leave their current employers for jobs with competitors or even start their own businesses.

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Exempt vs. non-exempt employees: Navigating worker classification

Higginbotham

What’s the difference between exempt and non-exempt workers? These workers are usually paid hourly and are eligible for overtime pay and minimum wage protections due to the nature and hours of their work. Exemptions are based on the employee’s job duties, meaning only “white-collar” workers are eligible for exemptions.

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The Baby and the Bathwater

Florida Workers' Comp

On April 23, 2024, the Federal Trade Commission issued a rule. The announcement boldly asserts that this is intended for "protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation." He focused upon the wage rates and the vulnerability of such workers.

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Generative AI will hollow out many middle class roles over the next decade

Workplace Insight

The white-collar roles that are most generative AI proof tend to be the ones involving tasks related to mathematics, like engineers. Generative AI is currently notoriously inaccurate at maths computations, making those jobs a little more AI proof for the time being.

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What is Workers’ Compensation?

Insperity

Workers’ compensation is designed to provide income replacement and coverage of medical expenses for employees who are injured on the job. How do workers’ compensation laws work? Workers’ compensation laws are in effect in every state, the District of Columbia and Puerto Rico.