There are growing gaps in wages and employment opportunities between these individuals and those at the middle and bottom of the wage distribution, and there is no reason to think that these labor market trends will be reversed any time soon.
Economists attribute tepid wage growth at the middle and bottom of the distribution to various secular trends, including enhanced globalization of the economy and the shrinking role of labor unions. But one factor in particular—technological change—might be playing an especially important role in driving the divergent labor market experiences of those with different types of skills. West As rapidly advancing computer power and automation technology change the nature of work and the future of the economy, our nation will face new and pressing challenges about how to educate more people for the jobs of the future, how to foster creation of high-paying jobs, and how to support those who struggle economically during the transition.
A commitment to economic growth that is widely shared has been a fundamental tenet of The Hamilton Project since its inception.iwfranjoyli.cf
In The Age Of The Smart Machine
In this framing paper, The Hamilton Project explores the debate about how computerization and machines might change the future of work and the economy, and what challenges and opportunities this presents for public policy. Introduction Recent developments in technology, including the proliferation of smart machines, networked communication, and digitization, have the potential to transform the economy in groundbreaking ways.
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The Future of Work in the Age of the Machine
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