Abstract:
-> Robots are expanding beyond factory spaces for car assembly or product delivery into transportation, healthcare and housework.
-> Rapid progress in software algorithms allows the automation of tasks in middle-income jobs that originally required human training, practice and knowledge.
-> Online platforms are shifting firm and sectoral boundaries, and opening them up to more competition under much less regulation.
-> These changes hold opportunities for domestic industries; however, there are uncertainties in the degree to which this will affect overall employment.
-> What do governments need to do to ensure that these changes raise, rather than lower, economic and social well-being?
Authors: Tanja Sinozic, Michael Nentwich, Johann Čas