Mon Dec-11-2023: Employment & Wage Growth, Competitive Differentiation, and Inclusivity Development

In this episode, we discuss three important updates in the tech industry. Firstly, the tech sector is showing stability, which is good news for the overall industry. Despite a slight dip in tech employment, there is high demand for AI talent. Secondly, we delve into the global shift towards regulating artificial intelligence, with the EU's AI Act and the US's AI policies being notable examples. We also explore how tech is transforming the labor market and creating opportunities for IT services. Lastly, we present the November jobs report, which reveals a robust job market in the US, with strong employment and wage growth. Despite cooler job growth, the economy remains strong, supporting consumer spending during the holidays. The unemployment rate is at its lowest in over 50 years, and workers are seeing real wage gains. These positive indicators may influence the Federal Reserve's decision on future rate hikes.Three things to know today:00:00 Tech Sector Shows Stability: AI Talent in High Demand Despite Overall Tech Employment Dip04:16 From EU's AI Act to US AI Policies: A Global Shift Towards Regulating Artificial Intelligence09:43 Tech's Transformation of the Labor Market: Opportunities for IT ServicesSupported by: https://skykick.com/mspradio/Want to take my class? https://www.itspu.com/all-classes/classes/navigating-emerging-technologies-for-msps/Looking for a link from the stories? The entire script of the show, with links to articles, are posted in each story on https://www.businessof.tech/Do you want the show on your podcast app or the written versions of the stories? Subscribe to the Business of Tech: https://www.businessof.tech/subscribe/Support the show on Patreon: https://patreon.com/mspradio/Want our stuff? Cool Merch? Wear “Why Do We Care?” - Visit https://mspradio.myspreadshop.comFollow us on:LinkedIn: https://www.linkedin.com/company/28908079/YouTube: https://youtube.com/mspradio/Facebook: https://www.facebook.com/mspradionews/Instagram: https://www.instagram.com/mspradio/TikTok: https://www.tiktok.com/@businessoftech  💼 All Our SponsorsSupport the vendors who support the show:👉 https://businessof.tech/sponsors/ 🚀 Join Business of Tech PlusGet exclusive access to investigative reports, vendor analysis, leadership briefings, and more.👉 https://businessof.tech/plus 🎧 Subscribe to the Business of TechWant the show on your favorite podcast app or prefer the written versions of each story?📲 https://www.businessof.tech/subscribe 📰 Story Links & SourcesLooking for the links from today’s stories?Every episode script — with full source links — is posted at:🌐 https://www.businessof.tech 🎙 Want to Be a Guest?Pitch your story or appear on Business of Tech: Daily 10-Minute IT Services Insights:💬 https://www.podmatch.com/hostdetailpreview/businessoftech 🔗 Follow Business of Tech LinkedIn: https://www.linkedin.com/company/28908079YouTube: https://youtube.com/mspradioBluesky: https://bsky.app/profile/businessof.techInstagram: https://www.instagram.com/mspradioTikTok: https://www.tiktok.com/@businessoftechFacebook: https://www.facebook.com/mspradionews Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.