Trans-Atlantic Principles for the Future of Work and Labor Automation
Sept 10, 2018 Key Points
Creative destruction is a positive force in our economy, but we need policies to help our labor markets adjust alongside innovation to ease political tensions.
Policies that facilitate labor market flexibility and which are beneficial in a wide variety of potential futures should be prioritized.
The future of work is broader than we think; issues like monetary policy and zoning regulation have a huge impact on the pace of worker readjustment.
The essential question for the future of work is how we can prepare our labor markets and workforce for a period of dynamism and turnover as new technologies are incorporated throughout the economy.
Thomas Köster is a Coordinator of Labor and Social Policy at the Department of Economics of the Konrad-Adenauer-Stiftung.
David Gregosz is a Senior Economist and Coordinator for International Economic Policy at the Department for European and International Cooperation of the Konrad-Adenauer-Stiftung.
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