In the public debate there are many concerns that future automation in the labour market will have further consequences for workers. This workshop brings together a group of experts and researchers exploring the issue.
We’re really happy to announce the MMF workshop on Macroeconomic Consequences of Technological Change will take place at School of Economics, on 10-11 June 2021. The workshop is sponsored by MaGHiC at University of Kent, the MMF, and the Bank of England. Organisers are Cristiano Cantore (Bank of England), Wei Jiang and Christian Siegel (both University of Kent).
Recent technological change has had profound impacts on economies across the globe, including the UK economy. Over the past few decades, advances in technologies have boosted GDP but the proceeds have been splits unequal. The labour income share in GDP has fallen, and the share of workers in middle earning jobs has declined relative to those in low and high earning jobs. These phenomena are typically linked to the advent of new technologies which displace (some) labour from production. In the public debate there are many concerns that future automation might have further negative consequences for many workers. In this workshop we want to bring together a group of researchers who are studying the macroeconomic consequences of technological change.
We are thrilled to be joined by Andy Haldane, the Bank of England’s chief economist who will make opening remarks at the beginning of the workshop. We will post links for registration here as soon as we have them.