Research by Prof. David Autor finds that following the Covid-19 pandemic, wages for lower-paid US workers increased, reports Soumaya Keynes for The Financial Times. Autor and his colleagues found that people switching to better jobs served as a mechanism for boosting pay.
Prof. Sherry Turkle joins Manoush Zomorodi of NPR’s "Body Electric" to discuss her latest research on human relationships with AI chatbots, which she says can be beneficial but come with drawbacks since artificial relationships could set unrealistic expectations for real ones. "What AI can offer is a space away from the friction of companionship and friendship,” explains Turkle. “It offers the illusion of intimacy without the demands. And that is the particular challenge of this technology."
Wall Street Journal reporter Justin Lahart spotlights the work of Prof. David Autor, an economist whose “thinking helped change our understanding of the American labor market.” Harvard Prof. Lawrence Katz says Autor has “probably been the most insightful and influential scholar of the labor market” in decades. “To me, the labor market is the central institution of any society,” says Autor. “The fastest way to improve people’s welfare is to improve the labor market.”
Writing for Project Syndicate, Institute Prof. Daron Acemoglu and Prof. Simon Johnson draw upon the work of economist David Ricardo and his insights on the Industrial Revolution to explore how to respond to the challenge posed by AI to good jobs. “It is still possible to have pro-worker AI, but only if we can change the direction of innovation in the tech industry and introduce new regulations and institutions,” they write.
Fast Company reporter Shalene Gupta spotlights new research by Prof. David Autor that finds “about 60% of jobs in 2018 did not exist 1940. Since 1940, the bulk of new jobs has shifted from middle-class production and clerical jobs to high-paid professional jobs and low-paid service jobs.” Additionally, the researchers uncovered evidence that “automation eroded twice as many jobs from 1980 to 2018 as it had from 1940 to 1980. While augmentation did add some jobs to the economy, it was not as many as the ones lost by automation.”
Prof. David Autor speaks with New York Times reporter Steve Lohr about his hope that AI can be harnessed to become “worker complementary technology,” enabling individuals to take on more highly skilled work and find better paying jobs. “I do think there is value in imagining a positive outcome, encouraging debate and preparing for a better future,” Autor explains. “This technology is a tool, and how we decide to use it is up to us.”
Prof. Jonathan Gruber, MIT Innovation Fellow Brian Deese and Stanford doctoral student Ryan Cummings write for The New York Times about the health benefits of new weight-loss drugs and the risk they pose to American taxpayers. “The magnitude of potential benefit and potential cost — roughly $15,000 per year per person — posed by these drugs suggests that policymakers may have no alternative but to step in and bring their costs in line with their social benefits,” they write. “If policymakers succeed in doing so, we could build a model for drug price negotiation that enables an extraordinary medical breakthrough to improve both our health and our fiscal position.”
Prof. Nathaniel Hendren and Prof. Justin Steil speak with New York Times reporter Jason DeParle about the difficulty in building affordable housing in opportunity-rich neighborhoods. “A lot has changed in American life over the past 50 years, but the hostility to affordable housing has remained surprisingly durable,” Steil explains. “Where you grow up matters a great deal for shaping your life outcomes,” Hendren adds.
A new study by Prof. Jonathan Gruber finds that helping undocumented immigrants in the U.S. connect with primary care doctors could help reduce ER visits, reports Cara Murez for HealthDay. “The data showed a 21% drop in emergency department use, as well as a 42% drop for folks with high-risk medical profiles,” writes Murez.
Forbes contributor Michael Nietzel spotlights how MIT was named among the top universities in the U.S. for the economic value it returns to its students, according to a new ranking by Degreechoices. “At MIT, students earn $111,222 on average ten years after attending, and it takes those receiving federal aid under a year, on average, to pay back their total cost of attendance,” writes Nietzel. “Those numbers are consistent with MIT’s reputation for producing a large number of STEM graduates with very strong earning power.”
Prof. Simon Johnson speaks with Freakonomics guest host Adam Davidson about his new book, economic history, and why new technologies impact people differently. “What do people creating technology, deploying technology— what exactly are they seeking to achieve? If they’re seeking to replace people, then that’s what they’re going to be doing,” says Johnson. “But if they’re seeking to make people individually more productive, more creative, enable them to design and carry out new tasks — let’s push the vision more in that direction. And that’s a naturally more inclusive version of the market economy. And I think we will get better outcomes for more people.”
Chancellor Melissa Nobles discusses challenges facing higher education, touching on the importance of diversity, inclusion, and affordability in higher learning, as well as her research on race and politics. Nobles notes that MIT’s signature ability is “to foster excellence in fundamental research and education and then to use that research and education to help tackle the world’s toughest problems. Our success rests crucially on our people. We support, we welcome, and we collaborate with some of the best faculty and staff around the world. And, of course, we attract the best students.”
J. Daniel Kim PhD ’20 and Minjae Kim SM ’17 PhD ‘18 have found that young companies “were less likely than similar companies to change their line of business or location” after the departure of a founder, reports Kevin Lewis for The Boston Globe. “Companies that did change their line of business tended to perform better, especially around recessions,” explains Lewis. “This supports the notion that the loss of a founder tends to impede necessary change.”
Institute Prof. Daron Acemoglu discusses AI and the labor market, the history of technological progress and Turkey with Financial Times columnist Rana Foroohar. “I think the skills of a carpenter or a gardener or an electrician or a writer, those are just the greatest achievements of humanity, and I think we should try to elevate those skills and elevate those contributions,” says Acemoglu. “Technology could do that, but that means to use technology not to replace these people, not to automate those tasks, but to increase their productivity.”
Popular Science reporter Andrew Paul spotlights “Ways of Seeing” a documentary project that aims to create “extended reality” (XR) experiences of significant architectural locales in Afghanistan as part of an effort to preserve the country’s historical sites. Paul notes that the project combines “cutting edge 3D imaging, drone photography, and virtual reality combined with painstakingly detailed hand drawings.”