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LSE: Public lectures and events
Automation, management, and the future of work
Dec 12, 2024
Join Erik Hurst, an expert in economics at the University of Chicago, Chrisanthi Avgerou, a professor of information systems at LSE, and Noam Yuchtman from Oxford, as they delve into the evolving landscape of work in the age of automation. They explore the historical parallels with past technological shifts, the potential for job losses versus market adaptation, and the crucial role of upskilling in a gig economy. The discussion highlights how AI could influence everything from creative industries to economic inequality, prompting a critical look at labor dynamics and future workforce strategies.
01:27:31
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Quick takeaways
- The podcast highlights the decline in employment rates among men aged 25 to 55, particularly affecting those without a bachelor's degree, emphasizing the impact of automation on lower-skilled workers.
- It discusses significant job losses in the manufacturing sector due to automation and foreign competition, raising concerns about future employment in manual labor roles.
Deep dives
Impact of Automation on Employment Trends
The podcast discusses the significant decline in employment rates among men aged 25 to 55 in the United States, which has dropped from about 90% in the 1970s to approximately 86% today. In particular, men without a bachelor's degree have seen a troubling rise in reported inactivity, with around 14% not working at all in the past year. This stark contrast highlights the struggle of lower-skilled workers as automation continues to reshape the job market, emphasizing the urgent need for understanding the long-term effects of these technological shifts on labor demand. The discussion draws attention to broader implications for society and the economy, particularly in terms of inequality and accessibility to stable jobs for those with fewer qualifications.
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