Steve Coulter Paul Romer , this year’s economics Nobel laureate, famously remarked that the effects of the IT revolution were showing up everywhere except in the productivity statistics. Other economists suggested that full exploitation of a new technology can take a long time, perhaps decades. Well, one area now clearly showing the impact of IT and automation is the labour market.
Technology is transforming the world of work, but social democrats and others appear unsure how to respond. Progressives embrace change but want technology to benefit the many and not just the few who develop, own or exploit it. Trade […]
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