Guest post: Why we must distribute the gains from technical change

This is a guest post by Prof. Dr. Luc Soete, a UNU-Merit board member, on the challenges posed to labour markets by growing automation and the need to distribute the gains from modern technical change with tools such as basic income or helicopter money. It is based on remarks made at a panel event marking the 50th Anniversary of the Science Policy Research Unit at Sussex University earlier this week. _________ The concerns about the impact of robotics and artificial intelligence on employment and job displacement, raising the spectre of mass unemployment, sound from a historical perspective not very convincing. Having written with Chris Freeman in the 80s and 90s numerous articles and books on the topic, there seems to be (again) in economic analyses of the phenomenon, a natural…


Link to Full Article: Guest post: Why we must distribute the gains from technical change