Writing for Forbes, Prof. David Mindell highlights a new report by MIT researchers that explores the future of automation. “We can imagine cities jammed with single-occupant autonomous cars, or we can imagine flexible, high-throughput mixed modal systems that benefit from autonomous technologies,” writes Mindell. “What comes to pass is up to us, and will be shaped by policy choices we make today.”
A study co-authored by MIT researchers finds that the Paycheck Protection Program saved between 1.5 and 3.5 million jobs, reports David Leonhardt for The New York Times. “The study adds to the mounting evidence about one kind of economic stimulus that seems to have worked especially well during the pandemic: direct subsidies to businesses, to keep people employed.”
Prof. Erik Brynjolfsson speaks with Greg Rosalsky of NPR’s Planet Money about a new study that finds about half of the American workforce is now working remotely. Brynjolffson says he feels, "this portends a much bigger shift in the economy.”
Quartz reporter Anne Quito spotlights The Future of Work Grand Challenge, a competition aimed at bridging the gap between education and employment. Quito notes that as part of the challenge, MIT Solve is hosting a “six-month competition to crowdsource innovative programs to assist unemployed or underemployed workers to land better careers.”
Profs. Thomas Malone and Erik Brynjolfsson discuss the future impact of humanoid robots on society with Jason Margolis of PRI’s The World. “The next 10 years could be the best 10 years we've ever seen or the worst decade, and that depends less on the technology and more on the choices we make,” Brynjolfsson says.
Prof. David Autor discusses the steady rise of “wealth work,” a term used to describe jobs that cater “to the whims and desires of affluent households.” Although these types of positions “have long been part of the U.S. workforce, Autor expects them to become a more substantial source of jobs and income in coming years, especially in cities,” writes Christopher Rugaber for the Associated Press.
Writing for The Boston Globe, Prof. Thomas Kochan and senior lecturer Barbara Dyer address how to tackle growing income inequality in the U.S. “If we are serious about reducing inequality in our country, it’s time to rethink and rework the fundamental framework of US labor law to support the next generation’s labor movement,” they write.
Writing for Forbes, research affiliate Thomas Davenport examines the feasibility of robot taxation based on a debate at MIT Technology Review’s Emtech Next conference. “At some point we may need to replace the tax revenue from human jobs lost to automation,” writes Daveport. “If that day ever comes, I hope that the tax revenues issue is the most critical one we have to deal with.”
Prof. Amy Glasmeier speaks with New York Times reporter Eric Ravenscraft about the Living Wage Calculator, which uses specific data to estimate the cost of living in different areas of the country. “The question is, can you live on a minimum wage? And the answer is basically, no,” explains Glasmeier.
A study by MIT researchers examines the historical impact of technology on the labor market in an attempt to better understand the potential effect of AI systems, reports Adi Gaskell for Forbes. “The authors propose a number of solutions for improving data on the skills required in the workforce today, and from that the potential for AI to automate or augment those skills,” Gaskell explains.
While examining the impact of aging societies on growth, The Economist cites a new study co-authored by Prof. Daron Acemoglu, which shows that “when young workers are sufficiently scarce, manufacturers invest in more automation, and experience faster productivity growth as a result.”
Axios reporter Steve LeVine highlights how MIT is offering a new edX course focused on the future of work. The course will “track technological history going back to the 19th century, income inequality, labor groups, automation, German manufacturing and more,” LeVine explains.
Quartz reporter Dan Kopf writes that a new study by MIT researchers demonstrates how the lack of jobs for workers without college degrees in American cities is contributing to income inequality. “Gentrification in some major cities may be as much a result of the decline in opportunities for people without college degrees as it is an influx of highly educated, highly paid workers,” writes Kopf.
Prof. David Autor speaks with Greg Rosalsky of NPR’s Planet Money about his new research on employment trends in the U.S. showing that cities are no longer meccas of opportunity for workers without college degrees. “We need to carefully examine our assumptions that superstar cities are the land of opportunity for everyone,” says Autor.
Writing for the Financial Times, graduate student Daniel Aronoff highlights Prof. David Autor’s research showing the bleak economic outlook for Americans without college degrees. Aronoff argues the most important less from this work is that, “the economic issue that matters most — maybe the only issue that really matters at all — is education.”