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    How to be a good follower

    If there is one thing anyone with a job and a pulse needs to learn, it is how to lead. That, at least, is the message from the tsunami of books, courses, videos and podcasts on the topic. Business schools offer all kinds of leadership training. Authors pump out books instructing you to eat last, be daring and take leaps—which risks stomach ache if nothing else. Gurus tell you how to lead without actually being a leader; you might be on the reception desk, but you’re really in charge.Missing in all this is an inconvenient fact. Most people in the workforce are not leaders and pretty much everyone reports to someone else. The most useful skill to have in your current job may well be how to be a good follower. More

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    China’s youth are rebelling against long hours

    It is a time-honoured tradition for bosses to grumble about the supposed laziness of their underlings. Doing so publicly, however, is rarely wise. China offers no exception to this rule. Earlier this month Qu Jing, the head of communications at Baidu, a local tech giant, took to social media to defend the company’s gruelling culture. The resulting firestorm has highlighted the growing dissatisfaction among China’s young white-collar workers with the punishing hours common in the country.In one video, which soon went viral, Ms Qu said it was not her responsibility whether her team’s relationships or health were affected by their jobs, declaring “I’m not their mother.” In another she added that a woman who opts to spend time with “her husband and kids” should not expect a promotion or raise. She claimed that she did not regret forgetting her elder son’s birthday nor which grade her younger son was in at school because she “chose to be a career woman”. “Keep your phone on 24 hours a day, always ready to respond,” was her advice to those lucky enough to find themselves in her line of work. More

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    Can Home Depot’s “amazing era” return?

    The origins of Home Depot, a big American home-improvements store, are inauspicious. In 1978 two of its co-founders were fired from senior roles at Handy Dan’s, a similar chain in southern California, in a power struggle. They decided to start a rival firm. In an effort to lure in customers on opening day, the co-founders’ children stood outside the doors and handed out dollar bills. “By dinner time they still had plenty of cash,” lamented Bernie Marcus, one of the co-founders, in his autobiography.Today the company is a giant. Over the past 12 months it racked up $150bn in sales, making it by far America’s biggest home-improvements chain and its third-largest bricks-and-mortar retailer, after Walmart and Costco. The company now employs half a million staff, who profess to “bleed orange”, a reference to the firm’s striking colour scheme. Its market value, at $350bn, exceeds that of Chevron, an oil giant, and Netflix, a streaming darling. More

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    App stores are hugely lucrative—and under attack

    Since the first iPhone landed in people’s pockets in 2007, apps have steadily become the portal of choice to the digital world. The mobile devices on which they run now account for two-thirds of global web traffic. Inhabitants of rich countries spend about five hours a day, roughly a third of their waking lives, staring at apps. Globally some 3.5bn people use them each month.That has made the app stores that distribute them a lucrative business for Apple and Alphabet, the tech titans whose iOS and Android operating systems power the vast majority of mobile devices around the world. That, in turn, has drawn the attention of governments, which are leaning on the duopoly to limit access to disfavoured apps while also working to loosen its stranglehold over the market. They risk irking consumers on both counts. More

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    For Gen-Z job-seekers, TikTok is the new LinkedIn

    YOUNG JOB-SEEKERS are different from their elders. They expect employers to be cuddlier, more forgiving and more generous with perks and pay cheques. The way they go about hunting for work is also distinct. Rather than relying on family and friends, a growing number of Americans are turning to TikTok in search of advice that will help them climb those all-important first steps up the career ladder.Scrolling through their feeds on the short-video app they might come across a creator called Lauren Spearman. Ms Spearman uploads videos about “red-flag job postings” and “unreasonable job applications”. Or they might find Kennie Bukky, who shares her “salary journey” and hot tips for pay negotiations. If they scroll down further, sooner or later they are likely to happen upon Brittany Peatsch. She went viral after posting a video account of her own experience being laid off from Cloudflare, a software company, and now creates videos offering advice to others suffering through similar ordeals. More

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    Can Alibaba get the magic back?

    ALIBABA USED to be synonymous with the success of Chinese e-commerce. Lately the company has been synonymous with its woes. In 2021 it became the grimacing face of an official crackdown against China’s biggest technology firms, whose growing size and seeming social indispensability must have spooked the Communist Party. It was fined a record $2.8bn for monopolistic practices that, the government said, were hurting customers and merchants. Its co-founder, Jack Ma, disappeared into self-imposed exile. Rivals such as PDD, which began life as a group-buying platform, and ByteDance, which owns TikTok and its Chinese sister app, Douyin, proved better at catering to thrifty consumers and at adapting to new trends such as “social commerce”, which mixes shopping and showbusiness.In late 2022 Alibaba’s market value, which two years earlier had exceeded $800bn, fell below $170bn, close to a record low since its blockbuster initial public offering (IPO) in 2014. To reverse the decline, in March last year the company decided to split itself in six. Five firms were spun out: a logistics business (Cainiao), a cloud-computing one (Aliyun), an international e-commerce operation (which contained Alibaba’s main global platform, AliExpress, and a few regional subsidiaries), a digital-services company (which controls Ele.me, a food-delivery app) and a small media group. Alibaba proper retained the domestic retail operation, which is centred around Taobao and Tmall, its two giant marketplaces, and which accounts for nearly 70% of the group’s revenues. More

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    Will chatbots eat India’s IT industry?

    WHAT IS THE ideal job to outsource to artificial intelligence? Today’s AIs, in particular the ChatGPT-like generative sort, have a leaky memory, cannot handle physical objects and are worse than humans at interacting with humans. Where they excel is in manipulating numbers and symbols, especially within well-defined tasks such as writing bits of computer code. This happens to be the forte of giant existing outsourcing businesses—India’s information-technology (IT) companies. Seven of them, including the two biggest, Tata Consultancy Services (TCS) and Infosys, collectively laid off 75,000 employees last year. The firms say this reduction, equivalent to about 4% of their combined workforce, has nothing to do with AI and reflects the broader slowdown in the tech sector. In reality, they say, AI is an opportunity, not a threat.Chart: The Economist More

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    Is America Inc’s war for talent over?

    Two years ago companies in America were scrambling to plug vacancies from shop floors and call centres to corporate headquarters. Workers laid off during the pandemic proved difficult to lure back, particularly those that had opted for early retirement. Others who spent their lockdowns dreaming of new beginnings resigned en masse once business resumed as normal. The share of American workers quitting their jobs each month went from 2.3% before the pandemic to a record 3% at the start of 2022. By March of that year there were two job openings for every unemployed worker in America.Chart: The Economist More