What We Know About the Future of Work
Everyone is talking about the Future of Work, capitalization apparently mandatory. Pacific Standard has a series running on the Future of Work. Forbes and Fast Company have new dedicated sections on the Future of Work. Various big foundations are putting big money into researching the Future of Work. Some unions are doing that too. So, what is the Future of Work? Here are seven semi-informed thoughts on future labor markets, income distribution, and social movements. 1. Nobody really has much of a clue which sectors will be remade. Consider this: the VC firms that spot and fund those startups thought to be shaping the Future of Work by disrupting all our ordinary folkways? They expect almost all their startups to fail. Nobody knows where the next Uber is going to come from. Not to get all Hayekian here, but the market has its own logic. But… 2. We probably should not be panicking about technological unemployment or a robot revolution. See here David Autor’s great new paper “Why Are There Still so Many Jobs?” One is that it turns out to be awfully hard to automate …