A new working paper co-authored by Prof. Daron Acemoglu finds that automation technology has been the primary driver of income inequality in the U.S. over the past 40-years. “Offshoring, the decline of unions, and corporate concentration have all played a part in widening the gap between lower-skilled and higher-skilled workers,” reports Bryan Walsh for Axios, “but automation is the single most significant factor, and will likely grow even more important in the years ahead.”
Bloomberg reporters Georgina McKay and Tracy Alloway spotlight a new working paper on income inequality by MIT researchers that finds that highly-paying jobs are now more likely to be located within highly-paid companies. The findings suggest that “a government looking to reduce inequality might want to target sectors where bifurcation between ‘high-paying’ and ‘low-paying’ has been most extreme.”
Prof. Tavneet Suri speaks with HuffPost reporter Laura Paddison about her research exploring the effectiveness of the universal basic income (UBI). “We do think the UBI will provide some ‘insurance’ against bad events,” says Suri. “If something bad happens, you have a fallback.”
In an article for The Boston Globe, Profs. Jonathan Gruber and Simon Johnson underscore how federal investment in scientific research could be used to help ease income inequality in America. “Scaled-up and deployed strategically across most states, we estimate that an investment of $100 billion per year in public research and development could help create 4 million good new jobs,” they write.
Profs. Jonathan Gruber and Simon Johnson speak with MSNBC’s Stephanie Ruhle about their book, which argues that government investment in scientific research can help tackle income inequality. Gruber explains that inequality in America is place-based, noting that “we need a solution that is going to help the rest of the country, not just super-star cities, and we think place-based federal R&D can do that.”
MIT researchers have developed an interactive map that exhibits how income inequality plays a part in the shops, restaurants and public spaces that people frequent, reports Benjamin Swasey for WBUR. "We want to raise the point that segregation is happening at very short [distances], like even just 25 meters, just across the street," says visiting professor Esteban Moro.