The influential economist connects the dots between artificial intelligence, productivity, wages, and inequality, and how to counterbalance the impacts of automation.
Many changes in business models and consumer behavior during the pandemic will stick, but action will be needed to ensure the rebound is not uneven.
The Nobel Prize–winning economist talks job loss and creation after the pandemic, plus what economic researchers should be addressing today.
The pandemic accelerated existing trends in remote work, e-commerce, and automation, with up to 25% more workers than previously estimated potentially needing to switch occupations.
Hybrid models of remote work are likely to persist in the wake of the pandemic, mostly for a highly educated, well-paid minority of the workforce.
Responses to a McKinsey global survey of 800 executives suggest a disruptive period of workplace changes lies ahead due to acceleration of automation, digitization, and other trends.
And the widespread availability of a vaccine isn’t a deciding factor for many.
The real test could come this fall.
Slack has some early results from its research into the future of work.
“In any crisis, power moves to the periphery,” says business guru Gary Hamel.