‘Wealth work’ captures only part of the stark jobs divide

‘Wealth work’ captures only part of the stark jobs divide

The Digital Gilded Age would seem to be producing its own version of “the help” that tended to the wealthy during the American Gilded Age of the late 19th century, or the estates of Britain at the Empire’s zenith.

Think of it as Downton Abbey without the snazzy period costumes, or getting to live in the baronial manor, or having paternalistic aristocrats occasionally reward the loyalty of those “in service.”

That, at least, is the impression one might get from a recent story by Christopher Rugaber of The Associated Press.“One of the fastest-growing job categories of the past decade has been […]

The Challenges of Automation in a Fast Changing Economy

The Challenges of Automation in a Fast Changing Economy

A Bossa Nova robot scans shelves to help provide associates with real-time inventory data at a Walmart Supercenter in Houston, Nov. 9, 2018. “Technological innovation should be embraced,” notes a recent report from the Aspen Institute, a public policy and research organization in Washington. “Automation has been a largely positive economic and social force, and looking forward, automation will be necessary to feed, house, and raise the living standards of a growing and aging population.”

Still, the short-term disruptive impact on individuals and communities can’t be overlooked, the report says.

To better assess automation’s impact, the Aspen Institute takes a two-pronged […]

Can fake economies create real jobs? EVE Online CEO Hilmar Veigar Pétursson talks cryptocurrency, blockchain

Can fake economies create real jobs? EVE Online CEO Hilmar Veigar Pétursson talks cryptocurrency, blockchain

Image: Supplied There’s never been a better time to try to build a perpetual jobs machine.

There are currently about 13 million working people in Australia, and an estimated 3 million jobs set to be lost to automation by 2030 .

Over in the USA, democratic presidential candidate Andrew Yang has warned that automation will continue improving efficiency, cutting costs, killing jobs and hollowing out the economic backbone of America, starting from the centre of the country and moving outwards. His plank is a universal basic income (UBI) scheme to counter the impending tidal wave of mass unemployment.In addition to […]

Making Technology Work for Workers

Making Technology Work for Workers

alashi/Getty Images For workers, coping with the rapid technology-driven transformation of labor markets, without sacrificing dignity, autonomy, or ambition, will require a combination of economic mobility and financial security that can be delivered through a new kind of social safety net – one that puts benefits squarely in the hands of the individual.

NEW YORK – As technological innovation transforms our economies, workers all over the world are doing whatever it takes – whether crossing borders, changing jobs, or starting businesses – for a chance to thrive. Yet, social safety nets have been much slower to change, meaning that workers […]

Like previous technological innovation, AI and automation promises increased productivity, higher wages, and even longer lifespans for everyone. But gaining this potential will require development and diffusion of these technologies carefully

Like previous technological innovation, AI and automation promises increased productivity, higher wages, and even longer lifespans for everyone. But gaining this potential will require development and diffusion of these technologies carefully

By Christopher Pissarides and Jacques Bughin

Public discussion of the effects of automation and artificial intelligence (AI) often focuses on the productivity benefits for companies and the economy, on the one hand, and on the potential downside for workers, on the other. Yet there is a critical third dimension that should not be overlooked: the impact of new technologies on wellbeing.

Historically, technological innovation has had positive effects on wellbeing extending far beyond what is captured by standard economic metrics such as GDP. Vaccinations, new pharmaceuticals, and medical innovations such as X-rays and MRIs have vastly improved human health and […]

Don’t Squander the Techno-Revolution

Don’t Squander the Techno-Revolution

Getty Images Like past waves of technological innovation, the new era of artificial intelligence and automation promises increased productivity, higher wages, and even longer lifespans for everyone. But realizing this potential will require governments and businesses to manage the development and diffusion of frontier technologies carefully.

LONDON – Public discussion of the effects of automation and artificial intelligence (AI) often focuses on the productivity benefits for companies and the economy, on the one hand, and on the potential downside for workers, on the other. Yet there is a critical third dimension that should not be overlooked: the impact of new […]

Future Automation

Great for the robots, but what about people?. The Future of Jobs Report aims to unpack and provide specific information on the relative magnitude of these trends by industry and geography, and on the expected time horizon for their impact to be felt on job functions, employment levels and skills. Universal Basic Income may be our only way out. 133, Sector No. Learn about Azure Automation, a cloud automation service for process automating those long-running, error-prone, frequently repeated tasks with Windows PowerShell. In this talk about the future of work, economist David Autor addresses the question of why there […]

The Next Wave of Innovation Will Come From America’s Forgotten Communities

The Next Wave of Innovation Will Come From America's Forgotten Communities

Photo by Clément Falize on Unsplash In a New York Time’s article titled Tech Is Splitting the U.S. Work Force in Two , written by Eduardo Porter in February of this year, it was argued that the technology sector is breaking our economy in ways that are destabilizing our society, at large. In his piece, Porter argued that while the technology sector has promised a future where we’ll be capable of doing meaningful work we care about while being paid livable wages, we’re really just getting lulled into a world where robots do all the work and a small […]

A New, Higher Minimum Wage Hurts Everyone

A New, Higher Minimum Wage Hurts Everyone

(Tethysimagingllc/Dreamstime.com) The House just recently passed the Wage Act to raise the minimum wage to $15 per hour. In the midst of their self-congratulatory back slapping, comments like "it’s an important step towards creating an economy that works for everyone" were tossed around. But is that statement true?

Yes, it is true that surviving on $8 or $9, or even $10 an hour, particularly in expensive metropolitan areas like New York, Los Angeles, or San Francisco, is difficult if not impossible. But raising the minimum wage is not going to provide a pathway out of poverty for workers making so […]

The Educated Underclass: Students and Social Mobility

The Educated Underclass: Students and Social Mobility

Neither a policy paper nor a career guide, Gary Roth’s The Educated Underclass: Students and the Promise of Social Mobility ( Pluto Press ) is, in the author’s words, “an examination of that edge of reality where education and economy produce results just the opposite of what in theory it is claimed that they do.” Roth is a lecturer in sociology and anthropology, and former vice chancellor and dean, at Rutgers University at Newark.

I won’t revisit much of the ground covered in the interview with him that ran at Inside Higher Ed earlier this year. My intent, rather, is […]