January 31, 2024
Perspective: The ‘social workplace’ and why it matters to Zoomers
Social connections are increasingly as important as pay to younger workers. A mission-led workplace can help In his 1759 book “The Theory of Moral Sentiments,” Adam Smith observed that human sociality is the taproot of economics. The instinct to “truck, barter and exchange,” Smith argued, arises out of our need for others and is the…
January 12, 2024
Get Ready for AI-Driven Skill Democratization
For decades, automation has been a rough road for middle-skill workers. These jobs used to provide plentiful, family-supporting employment opportunities for those with only a high school education or even less. Robotics and, to a lesser extent, trade dramatically reduced the number of middle-skill jobs leading to what economists called a “polarized” labor market: many high-skilled and low-skilled…
December 14, 2023
Perspective: What Flexibility Means for Younger Workers — and Their Employers
Just about all workers say they want flexibility. But older and younger workers differ on what this means. As we think about the future of work, it’s clear that workers need to have the skills to help them adapt to rapidly changing technology. Many of the jobs today’s young adults occupy didn’t exist 50 years…
December 4, 2023
A Pro-Market and Pro-Social Economy
In The Next American Economy (2022), Samuel Gregg provides a refreshing defense of free markets, emphasizing the need to frame the case for economic liberty within a broader narrative about America’s values and identity. We need this book to help reframe the disagreement over trade protectionism and industrial policy. Gregg opens by examining the alignment between former President Donald Trump and Senator Elizabeth Warren on the need for greater government regulation of the economy….
November 27, 2023
How AI with “Theory of Mind” Could Help in the Workplace
The practical advantages of machines better at interpreting, explaining, and anticipating human actions. Recent advances in artificial intelligence demonstrate its growing, and somewhat surprising, potential to imitate sophisticated reasoning tasks previously thought to be reserved to human beings. A new study from researchers at Google, Google DeepMind, the University of Southern California, the University of Chicago, and Carnegie Mellon University reveals progress in developing an…
October 25, 2023
The Freedom to Choose
When appraising American social cleavages, we should avoid lapsing into two unfortunate trends in conservative thinking: despair and polarization. In “Conservatism and Class,” Bruce Frohnen argues that conservatives should embrace class analysis albeit in a more heterodox and less exclusively economic way than we typically think of it. His argument makes compelling points, especially in the way it extends the Madisonian principle of…
September 29, 2023
How Well Is Rural America Doing? You’d Be Surprised
Elizabeth Currid-Halkett’s ‘The Overlooked Americans’ rejects grim depictions of rural life. “Why are we so divided?” That’s probably the most asked question in American politics, especially since that Divider-in-Chief descended the golden escalator and announced that he alone could bring an end to America’s decline. Donald Trump’s election, however, is not the origin of America’s almost decadelong cosmopolitan-country sneer fest. It’s been…
August 28, 2023
Here’s a Kind of Job-Training Program That Works
JOB-TRAINING AND WORKFORCE-DEVELOPMENT programs have long been plagued by weak wage and job-persistence outcomes. Since the United States spends markedly less on these types of programs than do other developed nations, it’s reasonable to ask whether the weak outcomes are a function of the programs or the funding. Likely, it is a combination of both. The good…
July 27, 2023
Time to Do Something About the NILFs
The overall employment situation looks great in the United States—so why are so many men not working? The Wall Street Journal reports that work among prime-age Americans—those between 25 and 54 years of age—is at the highest rate in two decades, driven by rising wages and worker shortages. After years of decline in labor force participation, this is certainly welcome…
July 27, 2023
Perspective: Can artificial intelligence teach us to be better workers?
So-called ‘soft skills’ are in short supply in the workforce and society at large. AI could help us get better A few weeks ago, McKinsey & Company published updated estimates on when key anticipated characteristics of artificial intelligence might arrive — including things like creativity, logical reasoning, and social/emotional reasoning, sensing and output. McKinsey’s timeline for increased capacity across a range of such capabilities…