Why govts need to support workers during their transition to automation

We also need to counter the large increase in the share of total income that's gone to capital relative to labour

We are living in an age of insecurity, with the values of the global liberal order under fire despite the progress they’ve delivered for the vast majority of people. The rise of populism in politics, fears over slowing economic progress in advanced economies, and worsening prospects for future generations, as well as mounting evidence of declining subjective well-being and trust in many countries, are all expressions of this. Those who don’t feel they’ve benefited from the current order are understandably agitating to change it.

This backlash against “globalisation” reflects a failure of our social contract — the mechanisms through which we