The Capitalism and Freedom in the Twenty-First Century Podcast cover image

The Capitalism and Freedom in the Twenty-First Century Podcast

Steven Davis (Hoover Institution) on Job Flows, Policy Uncertainty and Work From Home

Sep 9, 2024
In this conversation, Steven Davis, a distinguished economist from the Hoover Institution, sheds light on his extensive research into job flows and his renowned book on job creation. He emphasizes the evolving definitions of full employment and critiques traditional views on job growth. The discussion turns to the significant impact of economic policy uncertainty on market dynamics. Finally, Davis explores the transformative effects of remote work on the labor market and its vulnerability to automation, all while considering future implications for the economy.
55:51

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • The significant shift to remote work during the pandemic has necessitated organizations to adapt their workplace strategies and employee engagement approaches.
  • Economic policy uncertainty has profound effects on firm performance and investment decisions, especially during periods of heightened economic stress and instability.

Deep dives

The Profound Shift in Work Dynamics

The transition to remote work represents a major shift in our living and working styles, occurring at an unprecedented pace in modern history. Unlike previous significant changes that unfolded over decades, this shift happened in response to the pandemic within just a few weeks. Currently, around 28 to 30 percent of workdays are conducted remotely, a statistic reflecting an adaptation of the workforce during a challenging time. This change highlights the need for organizations to evolve and rethink how they approach work environments and employee engagement.

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