The Work of the Future

The Work of the Future
David A Mindell, David H Autor
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NZ$ 60.00
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Hardback
h229 x 152mm - 176pg
25 Jan 2022 US
International import eta 7-19 days
9780262046367
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Why the United States lags behind other industrialized countries in sharing the benefits of innovation with workers and how we can remedy the problem. The United States has too many low-quality, low-wage jobs. Every country has its share, but those in the United States are especially poorly paid and often without benefits. Meanwhile, overall productivity increases steadily and new technology has transformed large parts of the economy, enhancing the skills and paychecks of higher paid knowledge workers. What' s wrong with this picture? Why have so many workers benefited so little from decades of growth? The Work of the Future shows that technology is neither the problem nor the solution. We can build better jobs if we create institutions that leverage technological innovation and also support workers though long cycles of technological transformation. Building on findings from the multiyear MIT Task Force on the Work of the Future, the book argues that we must foster institutional innovations that complement technological change. Skills programs that emphasize work-based and hybrid learning (in person and online), for example, empower workers to become and remain productive in a continuously evolving workplace. Industries fueled by new technology that augments workers can supply good jobs, and federal investment in R&D can help make these industries worker-friendly. We must act to ensure that the labor market of the future offers benefits, opportunity, and a measure of economic security to all.
"The authors push back on the notion that technological advances will lead to the elimination of countless jobs in the future. Technological change, they emphasize, takes time to unfold and creates new job opportunities even while destroying old ones. In fact, public policy has been more important than technology in shaping labor-market outcomes, specifically for less skilled workers without college degrees. Although all advanced economies have experienced technological change, the United States has seen a sharper divergence between productivity and wages, a more dramatic decline in labor' s share of national income, and a more pronounced rise in poorly compensated jobs, all as a result of policy, not technology. These economic trends and their social and political consequences, the authors argue, can be reversed by an increase in the federal minimum wage, which would spur employers to take steps to boost the productivity of low-paid workers; by legal changes that enhance the ability of workers to organize and represent themselves collectively. " -Foreign Affairs
David Autor is Ford Professor in the MIT Department of Economics. David A. Mindell is Professor of Aeronautics and Astronautics and Dibner Professor of the History of Engineering and Manufacturing at MIT and founder and CEO of Humatics Corporation. Autor and Mindell were Cochairs of the MIT Task Force on the Work of the Future. Elisabeth Reynolds is Special Assistant to the President for Manufacturing and Economic Development at the National Economic Council andand was Executive Director of the MIT Task Force on the Work of the Future.
Status: Active
ISBN-13: 9780262046367
Published: 25 Jan 2022
Published In: United States
Imprint: MIT Press
Publisher: MIT Press
Format: Hardback
Height: 229mm
Width: 152mm
Pages: 176

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