Group items tagged

"call on governments to use the data-driven management techniques common in the private sector to find out how best to respond to the employment disruption that is coming. These include using "A/B" testing of alternative options to do small trials of new social policies designed to counteract the impact of automation, before expanding them to entire populations."

For the Deparment Blockchain and Distributed Stuff

"documents the downward trend in the labor share of income since the early 1990s, as well as its heterogeneous evolution across countries, industries, and workers of different skill groups, using newly assembled data for a large sample of advanced and emerging market and developing economies. The chapter then analyzes the forces behind these trends. Technological progress, reflected in the steep decline in the relative price of investment goods, along with varying exposure to routine-based occupations, explains about half the overall decline in advanced economies, with a larger negative impact on the earnings of middle-skilled workers. "