“Ideal type” scenarios on the future of work
| The “this time is different” scenario | The “this time is no different” scenario | The conservative scenario | |
|---|---|---|---|
| Employment prediction | Permanent technological unemployment | No employment effect; temporary technological unemployment | More precarious labor market; temporary or permanent technological unemployment |
| Suggested policies | Unconventional policies: basic income, guaranteed jobs programs, increasing employee ownership, work sharing | Conventional policies: education reforms, stimulating labor supply | Flexible policies: decreasing means- and income testing gradually; streamlining social security |
| Analytical background | Occupation-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) |
| The “this time is different” scenario | The “this time is no different” scenario | The conservative scenario | |
|---|---|---|---|
| Employment prediction | Permanent technological unemployment | No employment effect; temporary technological unemployment | More precarious labor market; temporary or permanent technological unemployment |
| Suggested policies | Unconventional policies: basic income, guaranteed jobs programs, increasing employee ownership, work sharing | Conventional policies: education reforms, stimulating labor supply | Flexible policies: decreasing means- and income testing gradually; streamlining social security |
| Analytical background | Occupation-based automation risk ( | Tasks-based automation risk ( | Implementation lags ( |
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