The effects of digital technology on work and wages.
How can European countries phase out the COVID-19 support measures without having a negative impact on productivity and financial stability?
Online job postings indicate that demand from top tech firms for frontier IT skills is about double their demand for other IT skills. This could indicate increasing concentration of skills in a few firms, with other firms left behind.
Policymakers should act to deal with labour-market concentration trends that potentially harm workers, especially gig workers and the self-employed.
Between 2007 and 2020, the balance sheets of the European Central Bank, the Bank of Japan, and the Fed have all increased about sevenfold. But inflation stayed low throughout the 2010s. This was possible due to decreasing money velocity and the money multiplier. However, a continuation of asset purchasing programs by central banks involves the risk of higher inflation and fiscal dominance.
More remote working in the wake of the pandemic could exacerbate wage inequality, with young workers, women and the low educated potentially losing out.
Post-pandemic hybrid work models should be carefully planned, taking into account individual and organisational needs.
What challenges and opportunities does technology bring to the labour market?
Algorithmic management is the twenty-first century’s scientific management. Job quality measures should be included explicitly in health and safety risk assessments for workplace artificial-intelligence systems.
This report explores the distribution of household wealth in the EU Member States and analyses the role of wealth in social mobility.
Less-educated workers have suffered most from job losses in the COVID-19 pandemic, and it is quite likely there was a significant increase in European Union income inequality in 2020.
COVID-19 has complicated inflation measurement. Policymakers need to take this into account and should look at alternative measures of inflation to understand what is actually happening in the economy.