How is America preparing for the future of work?

Three questions on retraining and the future of work with economist Jay Shambaugh.

What can individual workers do to better prepare themselves for the workplace of the future?

The silliest but probably most honest one is stay in school. I am a total believer that for the economy as a whole, education is not a sufficient way to solve wage-growth problems. But for an individual, it is. For an individual, the more education you have, the lower your unemployment rate and the higher the wages will be over your career. The other thing is to back politicians and policies that are supportive of what you think you need in your working life.

Who do you think has the responsibility to retrain workers, and who do you think is doing it effectively?

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A Time for Big Economic Ideas – News From the Roosevelt Institute

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NYT opinion columnist David Leonhardt is reimagining the rules of our economy: in an era of deep economic stagnation, now is the time for bold, progressive economic policymaking, he says.And, as Leonhardt notes, most Americans support ambitious solutions. From a $15 minimum wage for infrastructure workers to a targeted response to rampant market power, voters are ready to make these big ideas real, so policymakers can move our country forward—toward an economic and political system that works for us all.