Policy Insight 123: Can we Have Pro-Worker AI?

The second reason is that the responses of households and firms (respectively supplying and demanding labour) to any price and wage changes that occur are weak and highly selective, changing both the composition of the remaining labour force (labour supply) and the nature and skill mix of the jobs on offer (labour demand). [...] Why don’t firms take these opportunities and move to lagging regions? The list of considerations shaping firms’ location and investment decisions is long, and includes the institutional quality and governance of the place, and the geography of transport and communications. [...] • The engagement of a variety of actors and a sense of collaboration for the common good play an important role in the design and implementation of strategies and policies. [...] • A calculation of the social value of these changes, i.e., ascribing monetary values to the costs and benefits of the policy as an indicator of social return to spending. [...] The members of the Conseil d’Administration of the Association are identical to the UK Board of Trustees.