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The Future of Work : Race with-not against-the Machine

Author

Listed:
  • Chuah,Lay Lian
  • Loayza,Norman V.
  • Schmillen,Achim Daniel

Abstract

Will the revolution in digital and information technologies make us obsolete? Will jobs be lost and never replaced? Will wages drop to intolerable levels? History and economic theory and evidence suggest that in the long term, such fears are misplaced. However, in the short and medium term, dislocation can be severe for certain types of work, places, and populations. In the transition period, policies are needed to facilitate labor market flexibility and mobility, introduce and strengthen safety nets and social protection, and improve education and training.

Suggested Citation

  • Chuah,Lay Lian & Loayza,Norman V. & Schmillen,Achim Daniel, 2018. "The Future of Work : Race with-not against-the Machine," Research and Policy Briefs 129680, The World Bank.
    • Handle: RePEc:wbk:wbkrpb:129680
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    File URL: http://documents.worldbank.org/curated/en/626651535636984152/pdf/129680-BRI-PUBLIC-The-Future-of-Work-final.pdf
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    Cited by:

    1. Achim D. Schmillen, 2020. "Causes and Impacts of Job Displacements and Public Policy Responses," World Bank Publications - Reports 33720, The World Bank Group.
    2. Margherita Russo, 2019. "Digital transformation in the automotive supply chain: China, Germany, Italy and Japan in a comparative perspective," Department of Economics 0151, University of Modena and Reggio E., Faculty of Economics "Marco Biagi".

    More about this item

    Keywords

    Labor Markets; Rural Labor Markets; Armed Conflict; Food Security;
    All these keywords.

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