Vermont Governor Phil Scott is asking legislators in his state to speed up equal pay legislation. The governor citing closing the wage gap would reduce Vermont's poverty rate by 57 percent, and add $1 billion to its economy. Joan Goldstein, Commissioner of the Vermont Department of Economic Development, and Lisa Groeneveld, Co-Owner of Logic Supply, explain how the state is recruiting more tech hubs to Vermont and working to close the gender pay gap.
"Our gap isn't as wide as some other states," explains Goldstsein. "Part of that is because of the transparency in many of the industries."
PC manufacturing company Logic Supply, which is based in Vermont, has a workforce made up of 30 percent women. "At Logic Supply we are working really aggressively to increase the female population of our workforce," says Groeneveld. "I'm really encouraged with the way Vermont thinks about helping businesses recruit and bring talented people into the state."
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
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