50 min
Will The Future of Work Leave Workers Behind? Innovation Hub
-
- News
The U.S. economy has come a long way since the darkest days of the pandemic, but the future remains uncertain for many, especially those hit the hardest: low-wage workers. Last April, David Autor, an MIT economist, predicted that a pandemic-induced recession would be an “automation forcing event,” with executives rapidly deploying non-human labor to replace workers, particularly in the service sector - and he was right.
Autor and Betsey Stevenson, who served as chief economist at the U.S. Department of Labor and is currently a professor of economics and public policy at the University of Michigan, discuss COVID-19’s long-lasting impact on the ways employees will work, consume and manage family dynamics, for years to come.
The U.S. economy has come a long way since the darkest days of the pandemic, but the future remains uncertain for many, especially those hit the hardest: low-wage workers. Last April, David Autor, an MIT economist, predicted that a pandemic-induced recession would be an “automation forcing event,” with executives rapidly deploying non-human labor to replace workers, particularly in the service sector - and he was right.
Autor and Betsey Stevenson, who served as chief economist at the U.S. Department of Labor and is currently a professor of economics and public policy at the University of Michigan, discuss COVID-19’s long-lasting impact on the ways employees will work, consume and manage family dynamics, for years to come.
50 min