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Automation and labor market institutions

14 Jan 2020

The effect of automation and artificial intelligence (AI) on future employment is a subject of substantial interest. There are some disagreements about future net employment effects of these technologies, but most researchers broadly agree that nearly all occupations will eventually be affected. Less is known, however, about the interaction between automation and key labor market institutions--policies and organizations that shape the operation of labor markets--and how these institutions might possibly evolve in the face of continued adoption of the newest technology. For example, is the current structure of unemployment insurance programs sufficient for a world with increased job-to-job transitions? What role will private-sector unions play? Or, considering current conversations among presidential candidates, is a universal basic income (UBI) program the best approach to deal with the wage and employment consequences of technological progress? Understanding how such features interact with technological change will have important implications for shaping labor market policies.
middle class u.s. economy income inequality & social mobility

Authors

Marcus Casey

Published in
United States of America

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