Impact of automation on the labour market - Financial instability series

Daron Acemoglu, Professor of Economics at MIT, and Georgios Petropoulos, Research Fellow at Bruegel, join Danae Kyriakopoulou, chief economist and director of research at OMFIF, to discuss the impact of shifts in technology on labour markets, and whether ultimately these will be negative or positive on balance. They focus on factors such as changes in productivity, displacement and automation, creation of new industries and the gradual decline of others, as well as changes in the way workers’ output can be evaluated and monitored. Policies to ensure the benefits from technological developments filter through to workers and the importance of private-public dialogue to design these are also discussed.

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