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The new division of labor
As the current recession ends, many workers will not be returning to the jobs they once held--those jobs are gone. InThe New Division of Labor, Frank Levy and Richard Murnane show how computers are changing the employment landscape and how the right kinds of education can ease the transition to the new job market.
The book tells stories of people at work--a high-end financial advisor, a customer service representative, a pair of successful chefs, a cardiologist, an automotive mechanic, the author Victor Hugo, floor traders in a London financial exchange. The authors merge these stories with insights from cognitive science, computer science, and economics to show how computers are enhancing productivity in many jobs even as they eliminate other jobs--both directly and by sending work offshore. At greatest risk are jobs that can be expressed in programmable rules--blue collar, clerical, and similar work that requires moderate skills and used to pay middle-class wages. The loss of these jobs leaves a growing division between those who can and cannot earn a good living in the computerized economy. Left unchecked, the division threatens the nation's democratic institutions.
The nation's challenge is to recognize this division and to prepare the population for the high-wage/high-skilled jobs that are rapidly growing in number--jobs involving extensive problem solving and interpersonal communication. Using detailed examples--a second grade classroom, an IBM managerial training program, Cisco Networking Academies--the authors describe how these skills can be taught and how our adjustment to the computerized workplace can begin in earnest.
eBook
Innovation and inequality
Karl Marx predicted a world in which technical innovation would increasingly devalue and impoverish workers, but other economists thought the opposite, that it would lead to increased wages and living standards--and the economists were right. Yet in the last three decades, the market economy has been jeopardized by a worrying phenomenon: a rise in wage inequality that has left a substantial portion of the workforce worse off despite the continuing productivity growth enjoyed by the economy.Innovation and Inequalityexamines why.
Studies have firmly established a link between this worrying trend and technical change, in particular the rise of new information technologies. InInnovation and Inequality, Gilles Saint-Paul provides a synthetic theoretical analysis of the most important mechanisms by which technical progress and innovation affect the distribution of income. He discusses the conditions under which skill-biased technical change may reduce the wages of the least skilled, and how improvements in information technology allow \"superstars\" to increase the scale of their activity at the expense of less talented workers. He shows how the structure of demand changes as the economy becomes wealthier, in ways that may potentially harm the poorest segments of the workforce and economy. An essential text for graduate students and an indispensable resource for researchers,Innovation and Inequalityreveals how different categories of workers gain or lose from innovation, and how that gain or loss crucially depends on the nature of the innovation.
eBook
The adaptation advantage
A guide for individuals and organizations navigating the complex and ambiguous Future of Work
Foreword by New York Times columnist and best-selling author Thomas L. Friedman
Technology is changing work as we know it. Cultural norms are undergoing tectonic shifts. A global pandemic proves that we are inextricably connected whether we choose to be or not. So much change, so quickly, is disorienting. It's undermining our sense of identity and challenging our ability to adapt. But where so many see these changes as threatening, Heather McGowan and Chris Shipley see the opportunity to open the flood gates of human potential—if we can change the way we think about work and leadership. They have dedicated the last 5 years to understanding how technical, business, and cultural shifts affecting the workplace have brought us to this crossroads, The result is a powerful and practical guide to the future of work for leaders and employees. The future can be better, but only if we let go of our attachment to our traditional (and disappearing) ideas about careers, and what a \"good job\" looks like.
Blending wisdom from interviews with hundreds of executives, The Adaptation Advantage explains the profound changes happening in the world of work and posits the solution: new ways to think about careers that detach our sense of pride and personal identity from our job title, and connect it to our sense of purpose. Activating purpose, the authors suggest, will inherently motivate learning, engagement, empowerment, and lead to new forms of pride and identity throughout the workforce. Only when we let go of our rigid career identities can we embrace and appreciate the joys of learning and adapting to new realities—and help our organizations do the same.
Of course, making this transition is hard. It requires leaders who can attract and motivate cognitively diverse teams fueled by a strong sense of purpose in an environment of psychological safety—despite fierce competition and external pressures. Adapting to the future of work has always called for strong leadership. Now, as a pandemic disrupts so many aspects of work, adapting is a leadership imperative. The Adaptation Advantage is an essential guide to help leaders meet that challenge.
eBook
What (Really) Accounts for the Fall in Hours After a Technology Shock? (PDF Download)
The paper asks how state of the art DSGE models that account for the conditional response of hours following a positive neutral technology shock compare in a marginal likelihood race. To that end we construct and estimate several competing small-scale DSGE models that extend the standard real business cycle model. In particular, we identify from the literature six different hypotheses that generate the empirically observed decline in worked hours after a positive technology shock. These models alternatively exhibit (i) sticky prices; (ii) firm entry and exit with time to build; (iii) habit in consumption and costly adjustment of investment; (iv) persistence in the permanent technology shocks; (v) labor market friction with procyclical hiring costs; and (vi) Leontief production function with labor-saving technology shocks. In terms of model posterior probabilities, impulse responses, and autocorrelations, the model favored is the one that exhibits habit formation in consumption and investment adjustment costs. A robustness test shows that the sticky price model becomes as competitive as the habit formation and costly adjustment of investment model when sticky wages are included.
eBook
The robot in the next cubicle : how to adapt and succeed in the automation age
\"It's called the Fourth Industrial Revolution--a revolution fueled by analytics and technology--that consists of data-driven smart products, services, entertainment, and new jobs. Economist and data scientist Larry Boyer lays out the wealth of exciting possibilities this revolution brings as well as the serious concerns about its disruptive impact on the lives of average Americans. Most important, he shows readers how to navigate this sea of change, pointing to strategies that will give businesses and individuals the best chance to succeed and providing a roadmap to thriving in this new economy. Boyer describes how future workers may have to think of themselves as entrepreneurs, marketing their special talents as valuable skills that machines cannot do. This will be especially important in the coming employment climate, when full-time jobs are likely to decrease and industries move toward contract-based employment. He provides guidelines for identifying your individual talents and pursuing the training that will make you stand out. He also shows you how to promote your personal brand to give more exposure to your unique skills. Whether we like it or not, automation will soon transform the work place and employment prospects. This book will show you how to look for and take advantage of the opportunities that this revolution presents\"-- Provided by publisher.
Book
The Employment Impact of Innovation
The diffusion of information and communication technologies is rapidly changing the structure of advanced economies, raising new problems of technological unemployment. The view that market forces can easily counterbalance the labour-saving impact of innovation is contrasted in this book with empirical findings on aggregate compensation effects and on the consequences of product, process and organizational innovation in industries and services. After examining several policy aspects, new employment-friendly economic and innovation policies are proposed.
'Anyone interested in issues around innovation and new technology, and around employment, unemployment and the future of work are highly recommended to read this book.' - Research Policy
'This book constitutes a welcome contribution to the understanding of a crucial, complex, and often wrongly simplified phenomenon.' - Journal of Economics
eBook