Artificial intelligence, the future of work, and inequality

One of the most spectacular facts of the last two centuries of economic history is the exponential growth in GDP per capita in most of the world. Figure 1 shows the rise (and the difference) in living standards for five countries ...

Do summer jobs provide lifelong benefits for teens?

Fewer teens in the U.S. are spending their summers flipping burgers, mowing grass or performing other types of seasonal jobs than did prior generations, labor experts report. University of Illinois Extension educator Kathy ...

Lack of worker skills threatens European recovery (Update 2)

Andrea Ortiz, a 24-year-old Spaniard, has degrees in law and business yet works in a multinational clothing company as a store clerk. She has little hope of advancement and fears that when finally she does get a job she wants, ...

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