Tag: human capital of older workers
The brief’s key findings are: Since the 1980s, computers have reshaped the job market, replacing workers in jobs that rely on routine tasks, from bank tellers to auto workers. In response, workers moved to two types of non-routine jobs beyond the reach of computers: cognitive (e.g., analysts) and physical (e.g., food servers). Older workers hav…
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…
