The Future of Work: Race With — Not Against — the Machine

10 Pages Posted: 24 Jun 2019

See all articles by Lay Lian Chuah

Lay Lian Chuah

The World Bank

Norman Loayza

World Bank - Research Department

Achim Schmillen

World Bank

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 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

Chuah, Lay Lian and Loayza, Norman and Schmillen, Achim, The Future of Work: Race With — Not Against — the Machine (August 1, 2018). Available at SSRN: https://ssrn.com/abstract=3400509 or http://dx.doi.org/10.2139/ssrn.3400509

Lay Lian Chuah (Contact Author)

The World Bank ( email )

Washington, DC 20433
United States

HOME PAGE: http://www.worldbank.org/en/about/people/l/lay-lian-chuah

Norman Loayza

World Bank - Research Department ( email )

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

Achim Schmillen

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

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