At more than double that level and likely to persist, Summers observes that this factor significantly changes the ability of workers to bargain with their employers, and reduces the likelihood that this large group of workers will see their earnings increase.
Autor acknowledges that machines are ideal for ordinary tasks, but he finds that most jobs entail specialized tasks at which humans are superior.
‘While an advanced degree was once a fairly reliable guarantee of employment in an academic field, the computer-driven changes in the landscape of higher education have blurred the definition of expertise. There are no longer guarantees.’ Ginther says.
Scholar Mark Schneider, for example, explores the changing world of credentials that are becoming alternatives to the typical college experience which takes place over four to eight years.
Questions
1. Technology will take power away from employees and prevent salary raises.
2. The capacity of humans is often unrecognised.
3. Previously reliable work for the well educated is now in doubt.
4. There are new options for training for the workplace.