Economist Richard Baldwin believes past economic transformations indicate what the digitech future might hold. Historically, tech drives change. Its main challenge is to replace jobs lost to innovation with new jobs fast enough to ease social disruption. Currently, white-collar workers face major infiltration by “globotics” – globalization and robotics. Long-term globotics will create new jobs for those with strong social skills and spawn a more just society. The unprecedented speed of this transformation puts society at risk for uprisings and revolt, as economists, innovators and students of the future of work will understand.
About the Author
Richard Baldwin is professor of international economics at the Graduate Institute, Geneva and president of the Centre for Economic Policy Research (CEPR). He founded VoxEU.org, an economic policy portal, and serves as its editor-in-chief.