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Amazon Prime Day is here â again. If you feel like it was just here, thatâs because it was. In July. The previously annual sales event is now a âwhenever Amazon feels like itâ thing, apparently. If you want to kickstart your holiday shopping with some deals today, thatâs your prerogative, but please remember what youâre doing to the rest of us⌠[cue Amazon delivery vansâ âdemonic crowâ backup noise on an endless loop]
In todayâs email:
- Workersâ rights: New teen protections are sadly very needed.
- Wine seller: Alternative investing apps are paying off.
- Mark these words: Recapping Merriam-Websterâs latest additions.
- Around the web: Feng shui for bones, weird purchases, a peaceful stroll, and more.
đ Listen: Preparing for economic fallout from the war between Israel and Hamas.
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The Big Idea |
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California will teach teens about workersâ rights because employers keep violating them
California moves to teach students about labor laws as child labor violations increase nationwide.
2023-10-10T00:00:00Z
Juliet Bennett Rylah
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Remember that job that said you were an independent contractor and didnât get benefits even though it kept you on a 40 hour/week schedule? Or, wait, was that just me?
Anyhow, California has a new law that requires public high schools, including charter schools, to teach students about their rights as employees.
âWorkplace Readiness Weekâ will take place every April, educating students in grades 11 and 12 on labor law topics like:
- The difference between employees and independent contractors
- Wage and hour protections
- Worker safety
- How workersâ comp, unemployment insurance, sick leave, disability insurance, and other programs work
- Unionization
Why it matters
Fifty-five percent of young people (ages 16 to 24) are employed, per the Bureau of Labor Statistics. Theyâre more likely to take lower-wage jobs, where wage theft is more prevalent, or to suffer on-the-job injuries.
And while California is expanding protections, some state lawmakers are proposing looser laws â allowing students to work on school nights or for 14-year-olds to serve alcohol â amid the labor shortage.
The number of children involved in labor violationsâŚ
⌠jumped 283% from 1k+ in 2015 to 3.8k+ in 2022, per USAFacts, including ~700 children who worked illegally in hazardous environments.
And several US companies have recently been fined:
- A Minnesota food manufacturer paid a $30.2k+ fine for having two teens, ages 16 and 17, operate meat-processing equipment.
- Packers Sanitation Services was fined $1.5m for employing 102+ children on overnight shifts at meatpacking plants, where children as young as 13 were using hazardous chemicals to clean dangerous equipment.
- Last month, two Utah Chick-fil-As were fined $187.4k+ for unpaid overtime and allowing 14- and 15-year-old employees to work too many hours and past permitted times.
Californiaâs new law may empower a new generation of workers, but there is a caveat.
Over 300k children have come to the US alone since 2021, some undocumented. The New York Times examined the difficulties theyâve faced working long hours in sometimes perilous conditions. Some tried to attend school, but others couldnât â meaning such lessons wonât reach them.
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Free Resource |
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Speak to ChatGPT â or send it a picture
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Just when you thought OpenAI might be losing steam, it comes rumblinâ back with thumpinâ updates.
OpenAI recently announced a partnership with Spotify to clone podcastersâ voices and translate them to other languages. Itâs also upgraded its tech to allow for both speech and image-based inputs.
GPT-4 âwith visionâ can even interpret videos. It features increased input capacity and less hallucinations than its predecessors, and also outscored itself on most standardized tests, according to OpenAIâs website.
Learn how the latest GPT updates are like magic for marketers on this episode of Marketing Against The Grain.
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The latest on GPT-4 â |
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TRENDING |
Fighting intensifies in Gaza: After Hamas provoked Israel with a series of deadly coordinated attacks, Israel formally declared war and launched retaliatory strikes. As casualties mount, global leaders are preparing for the possibility of a wider regional conflict and, with it, wider economic destabilization. World Bank President Ajay Banga said further escalation risks âa crisis of unimaginable proportion.â More to come as this story develops.
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SNIPPETS |
This yearâs Nobel Prizes have all been awarded. The economics prize went to Harvard professor Claudia Goldin, for advancing global understanding of womenâs progress in the workforce.
Google Cloud revealed new AI search tools to help health care providers quickly locate patientsâ medical info across data sources.
Taking off? The founder of Joby Aviation Inc. says commercial electric air taxis will be hitting our skies in 2025. The company, whose largest shareholder is Toyota, lost $400m+ between 2021 and 2022.
Mack Trucks union workers went on strike after voting down a five-year contract agreement. The UAW said 4k workers walked out, joining 30k+ auto workers across 22 states on the picket lines.
Thatâs long: Ridley Scott says his 4-hour, 10-minute cut of Napoleon â a biopic of the French leader starring Joaquin Phoenix â will drop on Apple TV+ after a shorter theatrical release.
Atariâs âSave Mary,â in which players build platforms to rescue a woman trapped in a canyon, will finally debut after being scrapped in the â80s. Itâs only playable on the Atari 2600, which was discontinued in â92, or the delightfully retro Atari 2600+.
Why? Mars Inc. is rolling out Skittles Littles, a smaller version of its popular candy that was already a perfectly fine size. Itâll come in poppable tubes just like M&Mâs Minis, the 1997 miniaturizing of Marsâ other already-perfect-sized legendary candy.
If marketing campaigns are your thing: Use this free marketing brief to plan out your promotions and set the stage for clean communications.
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Recommended reading |
If you donât know these five things about your prospects, youâre not having worthwhile conversations. Check out the key business insights that will take your sales engagements to the next level.
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Liquid Assets |
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Move over, stocks â alternative investing apps are here
Birkins and Banksys and bottles, oh my! Alternative investing platforms tap niche markets.
2023-10-10T00:00:00Z
Sara Friedman
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Have you ever woken up to see the whole stock market in the red only to think it would be nice to have your money where you could see it⌠or wear it⌠or drink it?
Well, alternative investing platforms want to help you do just that.
Niche investing apps are democratizing a practice once reserved for elite investors:
- Vinovest lets users invest in bottles of wine and whiskey, offering four investment tiers, starting at $1k.
- At Masterworks, investors have access to multimillion-dollar artworks by famous contemporary artists.
- With Fundrise, users can invest in assets like real estate, venture capital, and private credit.
- AcreTrader offers ownership shares in US farmland with a minimum investment of $10k.
Last week, investing platform Public started letting users invest in Shrek music rights, taking a cut of royalties every time the movie is streamed or aired on TV, or when the music plays at a theme park.
Other investment options on Publicâs platform include an Hermes Birkin bag, original art by Banksy, Air Jordan sneakers, and a first-edition Harry Potter book.
As far as returnsâŚ
⌠alternative investments can have a leg up.
Vinovest co-founder Anthony Zhang told The Hustle that wine has seen an average of 11% returns in the last 20 years, while whiskey has been closer to 15%. (Traditional stocks saw ~9.75%.)
Plus, since things like fine art and wine bottles donât usually correlate with the stock market, they can help diversify a portfolio and mitigate volatility.
Best of all? An app like Vinovest lets you cash out and drink your assets whenever you want. Cheers to that.
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Oh my word |
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Need help brushing up on the new dictionary?
Tech and business are well-represented in the latest additions to the Merriam-Webster dictionary.
2023-10-10T00:00:00Z
Ben Berkley
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Merriam-Webster recently made 690 additions to its dictionary, and honestly, weâre still processing them.
Some newly legitimized words are long overdue:
- Common abbreviations like NGL (ânot gonna lieâ) and TTYL (âtalk to you laterâ) made the list.
- Also paying their dues in the cultural zeitgeist and meriting inclusion: jorts (denim shorts), tiny house (a home smaller than 500 square feet), and chefâs kiss (a gesture of approval).
Some words, though, just feel like Merriam-Webster is now a living Steve Buscemi meme:
- Lookinâ at you, modern slang like rizz (romantic appeal) and simp (to show excessive devotion).
But hey, thatâs the dictionary nerdsâ laneâŚ
⌠whereas ours is business and tech, so weâll stick there and run down the reference tomeâs newest entries within our nerdom:
Generative AI (noun): artificial intelligence capable of generating new content (such as images or text) in response to a prompt.
- Used in a sentence: âNo way, that wasnât a picture of me wearing jorts⌠That was, uh, totally some generative AI program.â
Smishing (noun): the practice of texting someone in order to trick them into revealing confidential information which can then be used for criminal purposes.
- Used in a sentence: âDetective, Iâm worried the person behind this smishing scheme will release all those photos of me wearing jorts.â
âGrammable (adjective): suitable to be posted on Instagram.
- Used in a sentence: âI hate how khaki shorts make me look, so that pictureâs absolutely not âgrammable.â
Edgelord (noun): someone who makes exaggerated statements online with the intent of shocking others.
- Used in a sentence: âElon Musk is an edgelord.â
Finsta (noun): a secret or incognito Instagram account.
- Used in a sentence: âI was forced to use my finsta after I called Elon an edgelord and his fanboys came after me.â
Meme stock (noun): a stock that experiences a temporary surge in popularity and price due to a coordinated effort by small investors.
- Used in a sentence: âPeople on Reddit disagree, but I think Leviâs should become a meme stock on the strength of their denim shorts catalog alone.â
P.S. There were plenty more business and tech-related inclusions â e.g., âlarge language model,â âpasskey,â âquiet quit,â âgirlboss,â and âmicrotransactionâ â but they were just too hard to work into sentences featuring jorts.
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AROUND THE WEB |
đ On this day: In 1935, George Gershwinâs Porgy and Bess opened on Broadway. An adaptation of author DuBose Heywardâs Porgy, it received mixed reviews at the time, but is now considered one of the greats.
𦴠Thatâs interesting: In Taiwan, feng shui consultant Jiang Bole digs up, cleans, and cares for the bones of his clientsâ ancestors to ensure they are not cursed.
đ Haha: Weird Shit You Can Buy is a website for⌠exactly that.
đ§ Chill out: With this peaceful walking simulator.
đś Aww: Very, very sneaky.
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Meme |
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Who needs money to live? Definitely not me! (Link)
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SHARE THE HUSTLE |
Hey. Donât keep us a secret.
Refer just 3 people and weâll send Hustle essentials as a thank you.
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Share this custom referral link: https://thehustle.co
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Look at that! Youâre on your way to the top of the food chain.
You seem like the kind of person who knows how to work a network. And now youâve landed an opportunity to snag some business class aromatherapy.
Get 5 more referrals and youâve got yourself a Hustle candle. Let us help you set the mood and bring some positive vibes to your workspace.
Youâre just 5 referrals away. The candle awaits.
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Hereâs that special link one more time:
https://thehustle.co
Your referral count: 0
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SHARE THE HUSTLE |
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Look at that! Youâre on your way to the top of the food chain.
You seem like the kind of person who knows how to work a network. And now youâve landed an opportunity to take your morning coffee to the next level.
Get 10 more referrals and youâve got yourself a Hustle mug. Keep your cup warm and your workspace clean.
Youâre just 10 referrals away. The mug awaits.
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SHARE THE HUSTLE |
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Look at that! Youâre on your way to the top of the food chain.
You seem like the kind of person who knows how to work a network. And now youâve landed an opportunity to snag the desk plant you never knew you needed.
Get 15 more referrals and youâve got yourself a Hustle branded clover grow kit. If you want something to grow, you must water. Practice your nurturing abilities with this custom Hustle clover grow kit and grow your referrals at the same time.
Youâre just 15 referrals away. Desk plant nirvana awaits.
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Look at that! Youâre on your way to the top of the food chain.
You seem like the kind of person who knows how to work a network. And now youâve landed an opportunity to snag the desk organizer of all desk organizers.
Get more referrals and youâve got yourself a Hustle-branded organizer, to hold your gadgets and give your desk space a breath of fresh air.
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Look at that! Youâre on your way to the top of the food chain.
You seem like the kind of person who knows how to work a network. And now youâve landed an opportunity to organize all those stray cords floating around your desk.
Get more referrals and The Hustle tech organizer is yours. Itâs clean, compact, and all you need to make sure your technology life support is closeby.
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You seem like the kind of person who knows how to work a network. And now youâve landed an opportunity to snag the prestigious Hustle backpack.
Get more referrals and itâs yours. Carry your laptop, gym clothes, Coca Colaâs secret recipe, or whatever you feel like. Walk around with the crew on your back!
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Look at that! Youâre on your way to the top of the food chain.
You seem like the kind of person who knows how to work a network. And now youâve landed an opportunity to snag some new tech.
Get more referrals and youâve got yourself a Zoom Glow-up kit. This kit will include a Blue Yeti mic, Logitech camera, and a Lume Cube light. This is the perfect set-up to make every video recording and Zoom meeting feel like an Oscar-quality production. Keep climbing.
Youâre just referrals away. The Zoom upgrade awaits.
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Just more referrals and youâll get yourself a ticket to Inbound 2023, the most bodacious business conference in the industry. You could rub shoulders with moguls, or catch a keynote next to your favorite YouTuber. Get your hustle on for a shot at maximizing your network.
Youâre just referrals away. The final boss awaits.
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Your referral count: 0
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Todayâs email was brought to you by Juliet Bennett Rylah and Sara Friedman. Editing by: Ben âAging like fine-enough wineâ Berkley.
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