The Future of Work: Race With-Not Against-The Machine

4 Pages Posted: 17 Sep 2018 Last revised: 29 Mar 2019

See all articles by Lay Lian Chuah

Lay Lian Chuah

World Bank - Development Research Group (DECRG)

Norman Loayza

World Bank - Research Department

Achim Schmillen

Osteuropa-Institut (OEI); Government of the Federal Republic of Germany - Institute for Employment Research (IAB); University of Regensburg - Department of Economics and Econometrics

Date Written: August 1, 2018

Abstract

Will the revolution in digital and information technologies make us obsolete? Will jobs be lost and never replaced? Will wages drop to intolerable levels? History and economic theory and evidence suggest that in the long term, such fears are misplaced. However, in the short and medium term, dislocation can be severe for certain types of work, places, and populations. In the transition period, policies are needed to facilitate labor market flexibility and mobility, introduce and strengthen safety nets and social protection, and improve education and training.

Keywords: Labor Markets, Rural Labor Markets, Armed Conflict, Food Security

Suggested Citation

Chuah, Lay Lian and Loayza, Norman and Schmillen, Achim Daniel, The Future of Work: Race With-Not Against-The Machine (August 1, 2018). World Bank Research and Policy Briefs No. 129680. Available at SSRN: https://ssrn.com/abstract=3249566

Lay Lian Chuah (Contact Author)

World Bank - Development Research Group (DECRG)

1818 H. Street, N.W.
MSN3-311
Washington, DC 20433
United States

Norman Loayza

World Bank - Research Department ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

Achim Daniel Schmillen

Osteuropa-Institut (OEI) ( email )

Landshuter Str. 4
Regensburg, 93047
Germany

Government of the Federal Republic of Germany - Institute for Employment Research (IAB) ( email )

Regensburger Str. 104
Nuremberg, 90478
Germany

University of Regensburg - Department of Economics and Econometrics ( email )

Universitaetsstrasse 31
D-93040 Regensburg
Germany

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