To understand why people are anxious to see how concerned they should be. And what is changing and what is different this time. And what can we do to ensure that the coming era of change leaves not just a productivity growth but some degree of shared prosperity. Our focus is on the labor market and how we make the labor market function while for as many workers if possible. Also the challenge and the lesson if you read a report which was just released last week. One of the things that we say is a critical economic lesson of the 20th century. Is that a wellfunctioning labor market is the foundation for a healthy middleclass and without that foundation of opportunity and prosperity its very difficult for other things to work well. It also makes work work and that is why its such an honor to have mary kay mary gray here today talking about her book ghost work just to give you a tiny bit of background she is a call drill cultural anthropologist. Her earlier work has been on the communicati
Different this time and what can we do to ensure that the coming era of change leads to not just productivity growth, but some degree of shared prosperity. And our focus is on the labor market on how we make the labor market function while for as many workers as possible, but that is where we see this as the opportunity and also the challenge. The lesson if you read the report from just last week one of the things we say is coming and im kind of critical on this with a well functioning labor market is the foundation for tha healthy middle class and the political system and without the foundation of opportunity and prosperity it is difficult for other things to work well. So our focus is on making the work work and that is why it is such an honor to have mary here today from the Indiana University research talking about her book and here is a photograph and here is the actual person. Just to give you a tiny bit of background, the earlier work has been on the sort of communication and us
Prices and wages section in the division of research statistics. Some context e thats the section thats preparing the forecast of inflation and wages fomc. Rices for the weve been long time colleagues and i want to assure any lawyers none of our that conversations should be nterpreted to constitute my making a request of the federal fomc. Ve system or the i think were clear. Our second panelist is jared senior fellow at the center on budget and policy priorities and hes been very years thinking about the labor market, nequality and macropolicy from his position both in the Obama Administration and in various think tanks here in d. C. And you read more about his thoughts on the economy. Let me turn the presentation over to them. Thank you very much. Steph. Here. A pleasure to be. Thank you chlt of making e spirit disclaimers i should say the they dontssed here, necessarily reflect the views of colleagues of the board or he Research Staff at the Federal Reserve system as a whole. Ill sta
In later tonight, former fbi agent Josh Campbell shares his thoughts on the fbi under president trump. That starts now. Check your Program Guide for more information. Here is author mary gray on labor and big tech. Welcome everybody. Thank you, thank you for coming. Im glad to see you all here. My name is a faculty member in the Economics Department and one of the cochairs of the mit work of the future task force that was commissioned by rafael wright, a year ago spring. The purpose of the task forces to engage and confront the sense that many have that the labor Market Technology is changing rapidly to understands why people are anxious, to figure out how concerned they should be, what is changing, what is different this time and what can we do to ensure that the coming era of change leads to not just productivity growth but to some degree of shared prosperity in our focus is on the labor market, on how we make the labor market function well for as many workers as possible, that is wh
Questions relevant. Today one of the most vexing questions for people who participant in markets, but thats a different part of the world, is that inflation has refused to rise, much less persist, at the 2 targets. Key question is, why . While history will be the judge once the data has been interrogated, we dont have time for that, because todays policymakers and investors need to act and to do so require at least a rudimentary answer to this puzzle. Today we have gathered some of the leading experts in the world. Inflation didnt fall as much during the Great Recession as the models anticipated and hasnt risen as much lately. Is it dead or just dormant or has the death been much exaggerated. In my experience, wiped capitulation is the first sign of the bottom. Thats kind of where we are right now. Has Monetary Policy been so well anchored. Have globalization and Technology Made raising prizes difficult . Has the economy evolved in ways the models simply havent been incorporated . And