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7 Things You Need to Know Today

A roundup of the day's news curated by the Inc. editorial team to help you and your business succeed.

1. Bossy Backlash

The nearly inevitable backlash to Facebook COO Sheryl Sandberg's "Ban Bossy" campaign has begun, but not in the way you might expect. Sayu Bhojwani, founder of the New American Leaders Project, takes exception with the campaign's notion that girls should speak their minds without first editing the words in their head. "I don't want my child, my team members, my colleagues, male or female, just speaking up because it is good practice," she writes. -- Quartz

2. Here Come the Bots

Loan officers, receptionists, and paralegals might be the most likely to see their jobs overtaken by robots in the future, according to an Oxford University report. Lawyers, the study shows, have the least likely job to be automated. Entrepreneurs? So far, you're safe. -- Business Insider

3. Goldman Sachs on Bitcoin

For all the companies out there that accept Bitcoin or have business models built around the digital currency, a new report might give you pause. Goldman Sachs researched the currency and its exchange rates over time and has declared it, for now, too volatile for mass adoption. The research did say, however, that Bitcoin has transformed how transactions are made. -- Business Insider

4. Pay for Performance

Average Wall Street bonuses grew 15 percent to $164,530 in 2013, the largest average since before the 2008 financial crisis, and the third highest ever recorded. Year-over-year profits, however, were 30 percent lower, at $16.7 billion for 2013. Imagine if you rewarded your business commensurately. -- NY State Comptroller

5. Silicon Valley's Youth Problem

A story in the upcoming Sunday Times Magazine shows how much Silicon Valley loses out because the new generation of techies and the old guard don't communicate with each other or work together. The result: hot apps, but no great new technology. Are there similar splits--and costs--within your company? -- New York Times

6. Minimum Wage Debate

If you oppose the Harkin minimum wage bill (which would boost hourly pay to $10.10), you're now in prestigious company. More than 500 economists, including three Nobel laureates and several former Administration officials, warned the Senate committee holding hearings on the bill to reconsider the recent Congressional Budget Office report, which says the Harkin bill would cost the economy 500,000 jobs by 2016.--Economist Letter 

7. Second Acts

Though many say the Affordable Care Act has created new challenges for existing businesses, some experts predict the law will spur startup creation--to the tune of 25,000 new companies a year, according to the Kauffman Foundation. Aspiring entrepreneurs who have been holding onto their day jobs for the health insurance, now have more reason to strike out on their own. -- NPR 

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