Table I

“Ideal type” scenarios on the future of work

The “this time is different” scenarioThe “this time is no different” scenarioThe conservative scenario
Employment predictionPermanent technological unemploymentNo employment effect; temporary technological unemploymentMore precarious labor market; temporary or permanent technological unemployment
Suggested policiesUnconventional policies: basic income, guaranteed jobs programs, increasing employee ownership, work sharingConventional policies: education reforms, stimulating labor supplyFlexible policies: decreasing means- and income testing gradually; streamlining social security
Analytical backgroundOccupation-based automation risk (Frey and Osborne, 2013/2017), exponential development (Brynjolfsson and McAfee, 2014); capital-intensive production (Ford, 2015), disruptive digital platforms (Stern, 2016)Tasks-based automation risk (Arntz et al., 2016), historical evidence (Miller and Atkinson, 2013), capitalization effect (Pissarides, 2000), augmentation (Autor, 2015)Implementation lags (Brynjolfsson et al., 2017), technological opportunities (Brynjolfsson and McAfee, 2014), resilience of low-educated workers (Arntz et al., 2016), historical evidence (Allen, 2017)

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