Inequality and Work in the Second Machine Age

The digital revolution associated with the Second Machine Age is likely to create major public policy challenges. Inequality in particular, already back at record levels, will be further increased by technological progress and unemployment is likely to rise at least in the transitional period as digital agents become more and more capable. Against this backdrop, policy-makers should think about measures to reduce inequality, incentives to re-allocate the remaining work and ways to safeguard meaningful employment with a public job guarantee.