Publication

This paper argues that the central economic policy challenge the US and other advanced economies face is preparing their workforces to cope with rapid technological change. It’s not so much that these advances will create less work, argue the paper’s authors. The growing problem is that people won’t be sufficiently trained to fill next-generation jobs. In response, governments should 1) help finance retraining and job counseling; 2) remove impediments in the economy that discourage the creation of better-paying jobs; and 3) assist those who are forced to take wage cuts when they change jobs.