article thumbnail

Reskilling the Future of Work

HR Digest

More perpetual policies might be necessary to increase wages and support future aggregate demand ensuring workforce fairness. We have learned from history that wages for some occupations can shrink for quite a while during labor force transitions.

McKinsey 134
article thumbnail

What the U.S. Economy Needs More Than Manufacturing

Harvard Business Review

But I think we need a concrete proposal and leadership in that area. But a jobs strategy has to be based on aggregate demand throughout the economy. This is an area where there could perhaps be a meeting of the minds between what the Republicans want and Obama wants. In an ideal world, what would that concrete plan look like?

Price 8