As machines take on more and more jobs, what will be the impacts on workers and economies? Public policy expert Adair Turner’s incisive look at the future of employment paints a picture of rising income and wealth inequality, as automation shoulders much of human work, particularly manual labor. But no profession will go unscathed, as high-skill occupations could see job losses as well. In fact, the way economies measure progress and welfare will have to change. This analytical and multifaceted text will intrigue futurists of all stripes.
In this summary, you will learn
- What to expect as machines take on more and more jobs,
- Why rising automation will not necessarily mean greater productivity, and
- How policy makers can respond to the challenges of highly automated labor.
About the Author
Adair Turner, chair of the Institute for New Economic Thinking, led the United Kingdom’s Financial Services Authority from 2008 to 2013.