Future of Labor

(3 Credit Hours) · Undergraduate

The new wave of technologies, e.g., robotics and AI will have long-lasting impacts on the labor market. Jobs will be displaced, new tasks will be created, different skills will be demanded, and new management practices will emerge. These new technologies may benefit workers unevenly, potentially increasing inequality. At the same time, new demographic challenges driven by aging will have large impacts on labor. How will these forces affect the future of labor and how should we prepare for changes in the labor market? The goal of this course is to provide students with a framework for analyzing how new technologies like robotics and AI will affect the labor market drawing largely from the economics literature. Students will analyze and describe the literature on these topics and understand the different methodologies used in the literature. Ultimately, students will build perspectives on how AI and robotics could affect jobs, occupations, the future of work, income distribution and social institutions. Students will also build perspectives on education, training, and redistribution policies that can help mitigate the labor market disruptions created by technological change. Students will collect and analyze data that can provide insights on the future of labor.