Tag: displaced workers
The brief’s key findings are: Since the Industrial Revolution, laborsaving machines have helped generate enormous economic growth and new employment opportunities. But machines can require painful short-term transitions as displaced workers scramble to adapt to a changing labor market. Historically, workers have learned new skills for jobs in growing industries, but today’s increasingly capable robots…
Abstract In economic downturns prior to the Great Recession, workers over age 50 had escaped relatively unscathed. But the unemployment rate for older workers soared to record highs during the Great Recession. This paper projects how older workers will fare across a broad set of financial outcomes over the remainder of this decade. The mod…
