If the robots are coming for your job, what can you do about it?
What the paper failed to mention was that America's social safety net is much weaker than those of other rich countries, making the comparison a difficult one. Think universal healthcare, affordable education, accessible childcare options -- all hallmarks of the European welfare state, for better or worse. While some economists have argued such programs have actually been growth retardants in the long-run, it's hard to dispute they make it easier to get through a recession. Germany, for instance, used its more constructive relationship between businesses and unions to work out job-sharing schemes during the recession that allowed workers to keep their jobs while reducing their hours temporarily. Germany also offers ample lessons for other countries in terms of its renowned apprenticeship programs, credited with sustaining high levels of manufacturing employment despite increased mechanization.
May-5-2017, 00:30:50 GMT
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