THE FUTURE OF JOBS IS FACING ONE, MAYBE TWO, OF THE BIGGEST PRICE DISTORTIONS EVER

Lant Prittchet ()
Additional contact information
Lant Prittchet: University of Oxford

No 1370, Working Papers from Economic Research Forum

Abstract: Discussions of the future of jobs are concerned that technological change will displace labor and particularly jobs. In this work it is rarely remarked on the strangeness that some of the most globally scarce factors of high level technical expertise, capability to innovate, and entrepreneurial talent are devoted to economizing on--reducing the demand for--one of the most globally abundant factors: low to medium skill labor. I show that policy based barriers to the mobility of labor have created the largest single price distortion in history and that this price distortion induces biased technological change.Length: 36

Date: 2019-09-20, Revised 2019-09-20
References: Add references at CitEc
Citations:

Published by The Economic Research Forum (ERF)

Downloads: (external link)
http://erf.org.eg/publications/the-future-of-jobs- ... ce-distortions-ever/ (application/pdf)
https://bit.ly/308cv1i (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:erg:wpaper:1370

Access Statistics for this paper

More papers in Working Papers from Economic Research Forum Contact information at EDIRC.
Bibliographic data for series maintained by Namees Nabeel ().