MIT Task Force on the Work of the Future

A new study by Prof. David Autor examining the effectiveness of the Paycheck Protection Program found that the program ended up subsidizing business owners and shareholders more than workers, reports Stacy Cowley for The New York Times.  “Jobs and businesses are two separate things,” says Autor. “We tried to figure out, ‘Where did the money go?’ — and it turns out it didn’t primarily go to workers who would have lost jobs. It went to business owners and their shareholders and their creditors.”

The Economist highlights new work by MIT researchers investigating the impact of automation on the labor market. A study by graduate student Joonas Tuhkuri finds that at Finnish firms “adoption of advanced technologies led to increases in hiring.” Meanwhile a new book by Profs. David Autor, David Mindell and Elisabeth Reynolds concludes that “even if robots do not create widespread joblessness, they may have helped create an environment where the rewards are ‘skewed towards the top.’”

Reuters reporter Timothy Aeppel spotlights a new report by MIT researchers examining how automation is spreading to small and medium-sized factories in America. “Among the 34 companies with 500 employees or fewer in Ohio, Massachusetts and Arizona that the MIT researchers visited in their project, only one had bought robots in large numbers in the last five years,” writes Aeppel, “and that was an Ohio company that had been acquired by a Japanese multinational which pumped in money for the new automation.”

Writing for Forbes, Elisabeth Reynolds, executive director of the MIT Task Force on the Work of the Future, underscores the need to improve job quality, increase access to education and training, and invest in technologies that augment workers. “The public and private sectors must also be innovative in the ways in which they can collaborate in creating a work of the future that leads to greater shared prosperity,” writes Reynolds.

Profs. Daron Acemoglu and David Autor speak with New York Times columnist Kevin Roose about the impact of automation on the labor market. “A lot of professional work combines some element of routine information processing with an element of judgment and discretion,” says Autor. “That’s where software has always fallen short. But with A.I., that type of work is much more in the kill path.”

Reuters reporter Trevor Hunnicutt spotlights how Elisabeth Reynolds, executive director of the MIT Task Force on the Work of the Future, has been tapped by the Biden administration to serve on the National Economic Council.

Elisabeth Reynolds, executive director of the MIT Task Force on the Work of the Future, speaks with Soledad O’Brien about how to ensure workers aren’t left behind in the transition to a more digital workforce. “If we can find pathways to the middle where we do see growth and demand for workers - construction, healthcare, the trades, manufacturing, places where we are seeing opportunities - that move can really be a new lifeline for people,” says Reynolds. 

Axios reporter Erica Pandey spotlights Prof. Thomas Kochan’s research that finds interest in unions has been steadily rising among workers. Kochan found that “the share of non-union U.S. workers who would vote to join one jumped from 32% in 1995 to 48% in 2017.”

The Economist spotlights research by Professors Daron Acemoglu and David Autor examining how companies are adopting AI technologies, and the impact on the workforce and productivity. The researchers found, “machines are not yet depressing labour demand across the economy as a whole. As machines become cleverer, however, that could change.” 

Forbes contributor Adi Gaskell spotlights how the MIT Task Force on the Work of the Future recently released a comprehensive report examining the future of work. Gaskell writes that the Task Force's report emphasizes the “pressing issues of our time as one of improving the quality of jobs to ensure that prosperity is shared across the economy.”

Axios reporter Bryan Walsh spotlights a new study by researchers from MIT’s Task Force on the Work of the Future that examines the impact of AI on the future of work. Walsh notes that the report’s authors “recommend programs that can enhance computer skills from kindergarten through the university level, while urging businesses and worker organizations to build cushions for the sometimes harsh changes AI will wreak on work.”
 

Writing for the Financial Times, Ryosuke Harada highlights a new MIT report that emphasizes the “importance of education and investment in human resources and warns that in the absence of a strategy, jobs will be lost and divisions in society will widen.”

Axios reporter Bryan Walsh writes that during the virtual AI and the Work of the Future Congress, Elisabeth Reynolds, executive director of the MIT Task Force on the Work of the Future, noted that “education and training are central to helping the current and next generation thrive in the labor market.”

Elisabeth Reynolds, executive director of the MIT Task Force on the Work of the Future, speaks with Annie Nova of CNBC about the Task Force’s new report, which lays out recommendations for ensuring Americans are able to secure good jobs in an era of automation. “We’re suggesting that people have access to affordable education and training,” says Reynolds. “I think there’s a real opportunity to help transition people and educate workers without four-year degrees.”

Axios reporter Bryan Walsh writes that a new report by MIT’s Task Force on the Work of the Future makes policy recommendations for ensuring American workers are able to secure good jobs. “If we deploy automation in the same labor market system we have now," says Prof. David Mindell, "we're going to end up with the same results.”