Human Made’s IPO Drop

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Welcome back, Future Party. We hope everyone had a relaxing long holiday weekend. Now, it’s time to hit the ground running — only three more weeks until the next one. Or you can embrace the classic “Hollywood holiday season” vibe: you’re here, but the work ethic isn’t. December is made for cruising.

Japanese streetwear brand Human Made made history by becoming the first streetwear label to go public, debuting on the Tokyo Stock Exchange.

Why It Hits: Streetwear has come a long way since its start in California’s surf and skate culture and NYC’s hip-hop scene — and its official rise as a fashion movement in the 1990s with the launch of Supreme and A Bathing Ape. Outside the US, Japan has long been the epicenter of the style — and now gets to lay claim to being the first to drop an IPO.

Between The Threads: Human Made, founded by KENZO creative director NIGO, is known for selling clothes at top-shelf prices. Now, it can boast the same for its stock.

Final Order: The demand for Human Made isn’t surprising, given the brand has steadily grown as a successful business for years — “quintupling its sales and revenue since 2021 and achieving a 28 percent operating margin, on par with luxury fashion labels,” per Business of Fashion. The reason for that is twofold: NIGO’s timeless design choices and the creative input from the company’s second-largest shareholder, Pharrell.

That was always going to be a strong recipe for building a powerhouse.

Future Style: We wouldn’t be surprised if an American streetwear label makes the IPO jump next. Our money’s on either Supreme or Kith.

Discover how a 7-figure executive business coach and former IBM marketing executive, Julie, boosted engagement and loyalty by turning her courses, coaching, and community into a cohesive, branded coaching ecosystem on Kajabi.

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A study out of MIT, in collaboration with Oak Ridge National Laboratory, found that AI is already capable of taking over 11.7% of American jobs.

Why It Hurts: An 11.7% labor-market disruption is far higher than most estimates, so MIT’s finding could be raising some alarm bells. The researchers arrived at this number by developing a tool called the “Iceberg Index” — a digital double of the American workforce “where 151M+ human workers coordinate with thousands of AI agents,” per the tool’s site.

Behind The Code: Why were estimates of AI’s impact so underestimated?

Pink Slip: The Iceberg Index —  which charts over 32,000 skills and 923 jobs across 3,000 counties — is so precise that it can pinpoint how AI will disrupt specific zip codes based on their employment makeup. That’s by design, because the researchers want state and local governments to use the tool to determine exactly which regulations or laws are needed to protect the human workforce. There’s even a feature on the site that lets you adjust different theoretical policies to see how they would affect disruption numbers and local GDP.

Per Fast Company, Utah, Tennessee, and North Carolina are already leveraging the index… which we can safely assume means people are properly freaked out.

Prediction: With the White House trying to stifle states’ ability to regulate AI, the Iceberg Index may become a flashpoint in the growing battle between state and federal power.

33.1% of you voted Ready for a nap in yesterday’s poll: How do you typically feel the day after Thanksgiving?

“After doing 90% of the planning, shopping, cooking, and cleaning for my entire family on Thanksgiving, I usually spend the next day sleeping, eating leftovers, and binging TV — alone.”

“Energized and ready for the leftovers for three more days. Then boil the carcass for turkey soup and eat that for another two days. Rewarded for all the hard work put in for the original meal prep.”

“I never overdo it.”

Let’s keep the conversation going. Join our Poll Of The Day newsletter, so your opinions can shine. Discover how your views line up with your peers’, check out cool insights, and have some fun. It’s data with personality.

🍿 Zootopia 2 had the fourth-highest global box-office debut of all time, raking in $556 million over the holiday weekend.

📺 Netflix crashed last Wednesday night when the final season of Stranger Things premiered.

🎉 Viewership for the Macy’s Thanksgiving Day Parade rose to a record 34 million this year.

✈️ Airbus grounded and issued updates to nearly half of its A320 planes due to interference from solar storms.

🧹 With some help from AI, Matic Robots is trying to push Roomba out of living rooms worldwide.

⌚ It turns out that ChatGPT can’t tell time. Remember to keep a watch on your wrist in the future.

🫠 An outage at one data center in Chicago shut down global futures and commodities markets for hours.

👟 Chinese apparel giant ANTA is looking to take over Puma with a $7.6 billion offer.

🤖 AI-powered shopping helped fuel a record $11.8 billion in Black Friday spending in the US alone.