The outcomes of technological change are affected by the interaction of changes in the regulation of labour markets and the stance of public policy. For the last 40 years, changes in labour market regulation have been almost uniformly anti-union and anti-worker, while public policy has been premised on the desirability of reducing wages. Until and unless the stance of public policy changes, technological change will be experienced by workers as harmful disruption. Used in a socially desirable way, however, technological change offers the potential for a radical improvement in work-life balance.
About the presenter
John Quiggin is a Vice-Chancellor's Senior Fellow in Economics at the University of Queensland. He is a prominent research economist and commentator on Australian and international economic policy. He has produced over 2000 publications, including seven books and over 250 refereed journal articles, in fields including decision theory, environmental economics and industrial organisation. He is an active contributor to Australian public debate in a wide range of traditional and social media. His new book, Economics in Two Lessons: Why Markets Work and Why they can Fail so Badly, will be released in April 2019 by Princeton University Press.