• Lawrence Katz: In the Artisanal Economy, Work Is What You Make of It

    Jul 31, 2014

    The Next American Economy project brought together 30 experts from various disciplines to envision tomorrow's economic and political challenges and develop today's solutions. Their assignment: be bold, and leave the conventional wisdom -- and their own opinions -- behind. In today's video, Lawrence Katz imagines a future "artisanal economy" in which crafty workers carve out their own niches.

    The Next American Economy project brought together 30 experts from various disciplines to envision tomorrow's economic and political challenges and develop today's solutions. Their assignment: be bold, and leave the conventional wisdom -- and their own opinions -- behind. In today's video, Lawrence Katz imagines a future "artisanal economy" in which crafty workers carve out their own niches.

    Lawrence Katz, the Harvard economics professor known for his book The Race Between Education and Technology, speculates on the flourishing of an artisanal economy. He imagines a potential rebirth of craftsmanship in which education and training allow workers to transform low-wage work into high-paid business. 

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  • Roosevelt Reacts: NLRB Holds McDonald's Accountable for Labor Violations

    Jul 30, 2014
    Yesterday, the general counsel of the National Labor Relations Board ruled that McDonald's is a joint employer for the workers at its franchises, meaning that the corporation could be held liable for any labor and wage violations that occur at its individual restaurants.

    The decision, says Roosevelt Institute President and CEO Felicia Wong...

    Yesterday, the general counsel of the National Labor Relations Board ruled that McDonald's is a joint employer for the workers at its franchises, meaning that the corporation could be held liable for any labor and wage violations that occur at its individual restaurants.

    The decision, says Roosevelt Institute President and CEO Felicia Wong, "rightly recognizes that, in today's changing and more fragmented workplace, workers still need the support and protections afforded by the law. Fast food workers are fighting for a wage that will allow them to care for their families and act as strong community members. This is an essential foundation for economic growth that benefits us all."

    Adds Roosevelt Institute Senior Fellow Richard Kirsch, "The common sense ruling that McDonald's is as much one company in the way it treats its workers as it is when it makes a Big Mac is a major step toward holding the biggest corporations in the country accountable for creating jobs that boost the economy instead of busting it."

    Read more about what the Future of Work Initiative is doing to promote policies that empower American workers and secure prosperity for all.

    Image via Shutterstock

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  • Frank Levy: Through Innovation, People Will Live Longer and Earn Less

    Jul 30, 2014

    The Next American Economy project brought together 30 experts from various disciplines to envision tomorrow's economic and political challenges and develop today's solutions. Their assignment: be bold, and leave the conventional wisdom -- and their own opinions -- behind. In today's video, economist Frank Levy foretells tech and health care trends resulting in longer lifespans and lower earning potential.

    The Next American Economy project brought together 30 experts from various disciplines to envision tomorrow's economic and political challenges and develop today's solutions. Their assignment: be bold, and leave the conventional wisdom -- and their own opinions -- behind. In today's video, economist Frank Levy foretells tech and health care trends resulting in longer lifespans and lower earning potential.

    MIT professor Frank Levy speculates that in the next 25 years, health innovation will improve life spans while tech innovation reduces earning potential for many Americans, resulting in longer lives but no additional income. Add in the increasingly destructive consequences of climate change, and the middle class dream will become further and further out of reach. Triggered by resentment and fear, a new anti-technology movement will rise up with a bumper sticker slogan: "Another Luddite for Jobs."

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  • Rob Atkinson: After the End of the Innovation Era

    Jul 29, 2014

    The Next American Economy project brought together 30 experts from various disciplines to envision tomorrow's economic and political challenges and develop today's solutions. Their assignment: be bold, and leave the conventional wisdom -- and their own opinions -- behind. In today's video, Rob Atkinson speculates that concerns about technological unemployment are misplaced, and that the real challenge will be continued innovation.

    The Next American Economy project brought together 30 experts from various disciplines to envision tomorrow's economic and political challenges and develop today's solutions. Their assignment: be bold, and leave the conventional wisdom -- and their own opinions -- behind. In today's video, Rob Atkinson speculates that concerns about technological unemployment are misplaced, and that the real challenge will be continued innovation.

    Rob Atkinson, president of the Information Technology and Innovation Foundation, forecasts the end of exponential technological growth. The end of Moore's law and decline in R&D investment (due to reduced government spending and increased short-termism in the private sector) will lead to a reduction in innovation and a lag in productivity, Atkinson says.

    For more, see "Are Robots Taking Our Jobs, or Making Them?" by Atkinson and Ben Miller.

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