Markets and Economy

Getting Ahead of the Future of Work

A new report from the JPMorgan Chase Institute examines the impact of technology on the workforce and economic growth.

A new report from the JPMorgan Chase Institute examines the impact of technology on the workforce and economic growth.

From machine language translation apps creating a rise in international trade, to automation dramatically increasing manufacturing output, technology brings great promise to the economy. The resulting shift in the types of labor that businesses need will require policy interventions to navigate, according to Technology and the Future of Work, the latest report from the JPMorgan Chase Institute.

Here are some of the key findings:

  • The technological advances of today are affecting the future of work by speeding up human capabilities, substituting workers with machines and enabling new ways to access and supply labor.
  • These workplace innovations have also come with some unintended consequences that deserve close attention, particularly to worker wages and the types of available jobs.
  • While these labor trends aren’t necessarily negative, they may require further intervention from both the public and private sectors. This could include a new look at a range of economic levers, such as the tax code, minimum wage, and unemployment and wage insurance.
Markets and Economy JPMorgan Chase Institute Report

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