cover image: Navigating the Future of Work: Perspectives on Automation, AI, and Economic Prosperity

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Navigating the Future of Work: Perspectives on Automation, AI, and Economic Prosperity

20 Mar 2024

Key Points Experts and the media tend to overestimate technology’s negative impact on employment. Case studies suggest that technology-induced unemployment fears are often exaggerated, evidenced by the McKinsey Global Institute reversing its AI forecasts and the growth in jobs predicted to be at high risk of automation. Flexible work arrangements, technical recertification, and creative apprenticeship models offer real-time learning and adaptable skills development to prepare workers for future labor market and technological changes. AI can potentially generate new employment opportunities, but the complex transition for workers displaced by automation—marked by the need for retraining and credentialing—indicates that the productivity benefits may not adequately compensate for job losses, particularly among low-skilled workers. Instead of resorting to conflictual relationships, labor unions in the US must work with employers to support firm automation while simultaneously advocating for worker skill development, creating a competitive business enterprise built on strong worker representation similar to that found in Germany. Read the full report. Introduction The Workforce Futures Initiative is a research collaboration among the American Enterprise Institute, the Brookings Institution, and the Project on Workforce at Harvard Kennedy School’s Malcolm Wiener Center for Social Policy. The initiative aims to develop concise and actionable reviews of existing research for federal, state, and local policymakers. Since August 2021, the group has provided a forum for researchers and practitioners to discuss policy ideas, evaluate evidence, and identify priorities for new research on the future of work and the public workforce system. In the first report,
artificial intelligence future of work automation jobs technology and innovation job growth workforce retraining workforce futures initiative resources

Authors

Erik Brynjolfsson, Adam Thierer, Daron Acemoglu

Published in
United States of America

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