Lessons from history show that technological change doesn’t affect employment in the way some people believe
e need to talk about economic change – how fast it’s happening and what it looks like when it does. Everyone says technology means economic change is accelerating, and that when the robots arrive the result is current,That kind of change can happen, especially if driven by more than technology. The speed, and geographical concentration, of the decline in coalmining saw many lose their jobs and struggle to find new ones.
Of course the number of teamsters fell, but more interestingly the average age rose. Why? Because much of the decline came from younger workers not entering the profession. In the UK this is whyamong workers in their 60s was actually higher in 2018-19 than 1994-95, despite manufacturing jobs being down 38%. Older workers hang on in declining sectors, younger workers look elsewhere.
Economic change can bring big challenges, especially if it is fast, but it’s time we updated how we think about such change. If anything there’s too little of it in 21st-century Britain, and when it does happen younger workers read the writing on the wall.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia looks to chat up Denmark for lessons on AI in schoolsHome
Read more »
The Pole and Other Stories by JM Coetzee review – lessons in beautyWith his bravura new novella, one of six stories in this collection, the Nobel prize winner proves once again that he is a master of his craft
Read more »
Federal government funds free shingles vaccinations for older AustraliansThe risk of developing shingles increases with age. From next month a new vaccine against the virus, tipped to be 90 per cent effective, will be available through the National Immunisation Program for older and immunocompromised Australians.
Read more »
This year’s great sign hunt goes on and results flood inSilly, serious and salacious, they just keep coming
Read more »