With increasing automation comes the concern that many non-cognitive jobs will be replaced by machines. This could cause a polarizing effect where there are fewer and lower-paid jobs for middle-skill workers, and higher pay for high-skill workers. However, a new report by the World Economic Forum finds some reason to be optimistic about the future of work. With some reskilling, the average US worker has no less than 48 “good-fit” new career pathways to choose from.
“For the most part, R&D expenditures that result in product innovation are generally labor-friendly, creating new jobs, while embodied technological change that results in process innovation is generally job-destroying,” writes Marco Vivarelli in his article Innovation and employment.
While Michael Gibbs acknowledges that technology can cause market polarization, he points out that “new technology has always generated dire labor market predictions that have never come to fruition.”
Large companies like Google have recently made substantial investments in the well-being of their workers, an interest that has been mirrored in a large number of studies. However, while empirical evidence shows that better-performing companies have happier employees, the question of whether happy employees contribute to better company performance is still being explored. Read the full commentary.
All newly published one-pagers are also available to read and download in German. Find out more.
Upcoming events and calls for papers
2018 Henderson Conference, February 15-16. The 2018 Henderson Conference commemorates the 50th anniversary of Professor Ronald Henderson's pivotal work on poverty in Australia. How has our social security system changed since then? The conference, hosted at the University of Melbourne, will explore how Australia’s welfare system can better respond to poverty and inequality
Open for applications: Understanding and Synthesizing Evidence-Based Research, June 4-15. The University of Maryland School of Public Policy will offer a for-credit international graduate course on understanding and synthesizing evidence-based research in Paris, Summer 2018. Application deadline: March 1, 2018