June 28, 2023
Yes, College Is Still a Good Investment
A four-year degree still pays dividends—but now’s a great time for young people to snap up some on-the-job experience, too. Another graduation season is in the books. Some students have finished high school and are thinking about their next steps while others have just finished college and are wondering if it was worth it. They…
May 23, 2023
An Unexpected Role for AI in the Workplace
WHEN MICHAEL POLANYI, the underappreciated twentieth-century physicist, philosopher, and economist, is remembered nowadays, it is most often for having observed that much of human knowledge, in both practical and abstract matters, is “tacit” rather than explicit. Most of what we know is not written or verbalized anywhere, yet it nonetheless exists as a foundation for our consciously…
March 31, 2023
AI and the Future of Work: Preparing the Workforce for an AI-Driven Economy
AI is best positioned to augment the workforce, not replace it. The U.S. Chamber’s Commission on Artificial Intelligence Competition, Inclusion, and Innovation report outlines recommendations for preparing the workforce for the continued integration of AI tools across our economy. To paraphrase Mark Twain, reports of the “end of work” have been greatly exaggerated – more…
March 27, 2023
Here Are the Kinds of Jobs Chat AI Is Likeliest to Affect
A new analysis estimates that a fifth of all U.S. jobs are in the category most vulnerable to disruption. Researchers at OpenAI—the company behind ChatGPT—and the University of Pennsylvania came out last week with a first look at the potential labor market impact of chat technology. If these initial “guesstimates” hold up, we might be looking at…
February 14, 2023
Microsoft Is Getting Ready to Eat Google’s Lunch
The new Bing Chat appears to be an existential threat to Google’s search dominance. You’ve heard, endlessly, about ChatGPT, but you may not have had a chance to look at its “child” Bing Chat, a Microsoft product in its testing phase that I got access to around midnight the night before last. Think of ChatGPT as…
February 8, 2023
Where the Tech Layoffs Are Hitting Hardest
Companies are cutting programmers, human resources, and DEI staffers. The hiring burst of 517,000 new jobs in January ran contrary to the conventional economic wisdom, namely that the Federal Reserve’s war on inflation is slowing interest-rate sensitive sectors like finance and technology and presaging a broader slowdown. Tech and finance did, indeed, show some losses—just not enough to…
January 19, 2023
Labor Unions and the “Double-Helix” of America’s Workforce Development Future
The role of labor unions in the future of American workforce development depends largely on how we conceive of the needs and demands facing workers and the economy. Traditionally, we’ve thought of workforce development in terms of formal, technical skill development and the so-called “skills gap,” the difference between the credentials and skills our training…
January 3, 2023
Perspective: Women Are More Likely to Make Friends at Work Than Men. Here’s Why That Matters
Despite efforts to close the gender wage gap, the difference between men’s and women’s wages remains a stubborn fixture of modern society. Women still make 83 cents for every dollar men make. Commonly offered explanations include gender discrimination and occupational segregation. One study identified a “care penalty” that disproportionately affects women “when workers in jobs that require higher levels…