Tech Talk: What government can do when the robots come for our jobs
Robotics and other technologies could make a large portion of today’s jobs obsolete, but a paper published Tuesday by the Roosevelt Institute, a liberal think tank, suggests that a series of policy steps that are, in isolation, not all that radical would go a long way toward ensuring that the benefits of technological advancement would be widely enjoyed.
For example, the Federal Reserve and other policymakers should commit more energetically to pursuing a “maximum employment” goal set in federal law, even if it means being willing to tolerate a bit more risk of inflation writes Neil Irwin at bizjournals.com.
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The paper, called “Don’t Fear the Robots,” economist Mark Paul, also recommends overhauling intellectual property law so that the companies that develop valuable patents and trademarks don’t have such a lengthy monopoly on their innovations. Over time this would probably mean that more of the benefits of technology would accrue to labor rather than capital.
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