While productivity-enhancing technologies sometimes result in short-term job loss, rather than make misguided arguments, pundits should embrace technology-led productivity, while at the same time promoting policies that can assist workers in adjusting to the changing environment. This includes stronger investments in retraining and applied technology programs and reforms to our current unemployment safety net, which is full of holes. Fundamentally, the continued expansion of technology and innovation is necessary for the growth and expansion of 21st century society. By embracing the machine we are all better off.
What’s the Right Path for Manufacturing?
Any effective manufacturing strategy has to include a robust “tech and talent” initiative, which would include a fully funded NNMI, a new system of “manufacturing universities” that promote training and applied research, stronger tax incentives for companies to invest in R&D, workforce training and new machinery and equipment.