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| | | Holzer, Harry J. | | IZA – Institute of Labor Economics | | | The US Labor Market in 2050: Supply, Demand and Policies to Improve Outcomes | | | Bonn | | IZA – Institute of Labor Economics | | 2019 | | IZA Policy Paper No. 148 | | | "(...) Current estimates suggest that over the coming decades, slower population growth and lower labor
force participation will constrain the supply of labor in the U.S. The U.S. labor force will also become more
diverse as immigration and fertility trends increase the size of minority populations. New forms of automation
will likely require workers to adapt to keep their old jobs, while many will be displaced or face less demand for
their work (while others benefit). Firms will continue to implement alternative staffing arrangements, like
turning workers into independent contractors or outsourcing their human resource management to other
firms; and many will adopt “lowroad” employment practices to keep labor costs low. Exactly whom these
changes will benefit or harm remains unclear, though non-college workers will likely fare the worst; higher
productivity from new technologies and reduced labor supply could raise average wages, but many workers
will clearly be worse off. Policy makers should provide incentives for firms to train current employees, rather
than replace them, and should encourage schools and colleges to teach flexible, transferable skills, as the
future workforce will likely need to adapt quickly to new and changing job requirements. Lifelong learning
accounts for workers could help. (...)"
[labor market, labor supply, labor demand, employment outcomes, automation]
| | |  hier klicken (PDF 809 KB) | |  IZA – Institute of Labor Economics | |
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