How Tech Policy Can Mitigate Income Inequality

The future of work: ABB robotic arms work on the bodyparts of Mini cars, on January 17, 2017. While trade and foreign agents received most of the blame during the presidential campaign, technological developments can have an even larger impact on income inequality. Entrepreneurs in the digital economy have generated numerous new jobs and higher incomes for many. At the same time, the Internet has put enormous pressure on local and national labor markets. If the Trump administration wants to succeed in creating sustainable jobs and income for the workers and regions bypassed by the digital transformation, it needs to implement a tech policy that boosts the positive impacts of technology while controlling its corrosive effects.