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 ...

Machines on the march threaten almost half of modern jobs

Computers have been an important part of many industries for decades already and have replaced humans in many jobs. But a new wave of technological development means that even positions that we once saw as immune to computerisation ...

Higher wages for UK's lowest paid improve productivity

A far-reaching new study has provided the most compelling evidence yet that the introduction of the National Minimum Wage significantly increased productivity in tens of thousands of UK companies over the decade since it ...

Career differences main driver of wage inequality

Why does a 55-year-old worker earn on average around 40 percent more than a 25-year-old? Is there a link between average wage growth and rising wage inequality? Many answers to these fundamental questions have so far remained ...

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