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.