Automation is transforming the workplace, raising concerns about job losses and economic disruption.
New technologies often shift the skills demanded rather than eliminate jobs outright. For example, the rise of computers created entire fields like IT and software development. However,
Effective policies include active labor market programs, unemployment insurance, and education initiatives that prepare workers for evolving demands. Without these, technological change risks increasing inequality and social exclusion.
Balancing innovation with social protection is critical to harnessing technology’s benefits while safeguarding livelihoods.
From technology, we turn to one of the most urgent challenges of our time — climate change and its economic implications.
Sources: Labor economics studies, historical analysis of technological change, OECD reports on future of work [[1]](#__1) [[2]](#__2)
Want to explore more insights from this book?
Read the full book summary