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Work of the Past, Work of the Future
Report

Work of the Past, Work of the Future

NBER, 2019

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Editorial Rating

8

Qualities

  • Analytical
  • Eye Opening
  • Overview

Recommendation

Technology, globalization, demographics and the rise of the gig economy are just a few of the factors that have changed the US labor market. Professor David H. Autor examines the current American job environment in this eye-opening report. He assesses why real wage growth for the non-college-educated employee has shrunk dramatically, while college-educated workers have seen pay increases. Labor specialists and hiring managers will appreciate this insightful study for its thorough appraisal of wage inequality, labor market conditions and US work dynamics.

Take-Aways

  • Automation and globalization are influencing the nature of work and its monetary outcomes in the United States. 
  • Beginning in 1980, a disturbing trend emerged: a sharp decline in real earnings for those without a college pedigree and an upward push on real wages for those with a university diploma.
  • In 1980, 43% of non-college-educated workers’ jobs were in “middle-skill” positions, but by 2016, the number had declined to 29%.

About the Author

David Autor is an economics professor at the Massachusetts Institute of Technology.