WASHINGTON (MNI) – The impact of automation on jobs could be neutral over the long run, but machine learning and other new technologies threaten to exacerbate income inequalities and leave less advantaged workers behind, Philadelphia Federal Reserve Bank president Pat Harker told MNI in an interview.
A new report co-authored by Harker and published Wednesday by the Philadelphia Fed urges policymakers, companies and educational institutions to work together to smooth large-scale workforce transitions over coming years.
It finds that with sufficient economic growth and productivity gains, there could be enough new jobs created to accommodate workers displaced by automation, but the […]
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