Bloomberg - 1 Aug 2018
This short article (reads in less than 5 min) reviews a new book and refers to a number of economics articles arguing that work that is of no real value has proliferated. Jockeying for power and status constitutes much of today’s economic activity, with no benefits for society as a whole. As a result, there are many jobs generated out of the corporate managerial struggle for influence, status and control of resources. They serve little economic purpose, but make sense from the perspective of rent seeking and power relations. No wonder productivity is stagnant!
Published in Weekly selection 4 August 2018
The New York Times - paywall - 12 Jun 2018
We don’t know yet whether artificial intelligence, robotics and other technologies will make a large portion of today’s jobs obsolete, but they might! If they do, this will become the defining challenge of the decades ahead, demanding political attention. Some bold ideas, like a universal basic income, have gained traction in particular ideological circles. However, many less dramatic solutions might work too. This article reviews some of them, like work-sharing programs (reads in 6-8 min).
Published in Weekly selection 15 June 2018
World Economic Forum’s Global Agenda - 7 May 2018
This is a short, punchy, piece on the four megatrends that will affect the labour markets and the nature of employment in the foreseeable future. (1) Impermanence: no more permanent contracts anymore - self-employment and freelance will become the norm; (2) Life expectancy: because of ageing, continuous learning will become a necessity; (3) New jobs: technology will end up creating more jobs than it destroys, but change will be painful and inequality will rise; (4) Women: the future belongs to them because they possess more of the qualities that will be most needed (reads in 5-6 min).
Published in Weekly selection 12 May 2018