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The big debate about the future of work, explained

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#Tags: The big debate about the future of work   explained   vox.com   vox   explain   shift change   future of work   automation   robots   jobs   technological unemployment   joss fong   heidi shierholz   martin ford   rise of the robots   humans   workers   employment   economics   macroeconomics   silicon valley   basic income  

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Why economists and futurists disagree about the future of the labor market.


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Recent advancements in artificial intelligence and robotics have commentators worrying about the coming obsolescence of the human worker. Some in Silicon Valley are even calling for a basic minimum income provided by the government for everyone, under the assumption that work will become scarce. But many economists are skeptical of these claims, because the notion that the the economy offers a fixed amount of work has been debunked time and time again over the centuries and current economic data show no signs of a productivity boom. Fortunately, we don't need to divine the future of the labor market in order to prepare for it.

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