Yesterday, I joined with the folks at the Institute of Emerging Issues, John W. Pope Center for Higher Education and Michael Walden, economist with NC State University to discuss the opportunities and challenges that are emerging as automation and technological advances change work in our world and our state.
There’s much uncertainty about the future of work, but one thing is clear: the economy is changing and we must adapt our institutions, policies and approaches to ensure that the future economy can work for all North Carolinians.
It is an issue that people outside of the policy world are increasingly worried about. Increased productivity has not translated in strong wage growth over the most recent period and in fact many North Carolinians continue to experience falling wages despite economic growth. This has meant more people struggling to make ends meet or leaving the labor force.
The employer-employee relationship is becoming contingent–less full-time, consistent relationships with one employer–and with it jobs are not fulfilling traditional standards set for good, quality jobs. This means people working more hours, with less stability, and requiring income supports to cover the gap between their falling wages and rising costs for the basics so that the economy is sustained.
The discussion yesterday identified these challenges. We also touched on the imperative that our solutions focus today on equity so that where people live and who they are does not determine how they will fare in this emerging state of work. As we have written about in the past, without addressing the barriers that communities face to connecting to opportunity and the benefits of economic growth and ensuring that all children regardless of race or ethnicity have access to the tools and quality institutions that can support their lifelong economic success, the state will underperform now. North Carolina will also be ill-prepared to compete in the future where our workforce will be more diverse and our communities will need to be resilient and connected.
The discussion also highlighted some promising solutions. Read More