The Future of Work: Race With — Not Against — the Machine
10 Pages Posted: 24 Jun 2019
Date Written: August 1, 2018
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 that facilitate labor market flexibility and mobility, introduce and strengthen safety nets and social protection, and improve education and training.
Keywords: Automation, Jobs
JEL Classification: J2, O3
Suggested Citation: Suggested Citation