Thesis advisor: Mehmet Ekmekci / The increased adoption of automation into various occupations strikes fear into many hearts, as people worry that robots will be able to perform their jobs more efficiently, leading to their inevitable unemployment. However, economists predict that this new technology will actually lead to a higher level of employment, although it will cause the aggregate labor share to decrease, forcing wages to decline. This paper focuses on ways in which we can recover a portion of the labor share and mitigate the decline of wages through the development of human capital via the educational system. Moreover, it seeks to understand ways in which we can exploit the jobs that will be created by automation by proposing methods to alter the educational structure to emphasize the new skills that are becoming more pertinent. My analysis provides evidence that by developing methods to encourage higher levels of educational attainment through dual degree and accelerated master’s programs, as well by decreasing the cost-exclusivity of higher education, we can both prepare future generations and reskill the current generation to succeed in this economic environment. / Thesis (BA) — Boston College, 2019. / Submitted to: Boston College. College of Arts and Sciences. / Discipline: Arts and Sciences Honors Program. / Discipline: Economics.
| Identifer | oai:union.ndltd.org:BOSTON/oai:dlib.bc.edu:bc-ir_108486 |
| Date | January 2019 |
| Creators | Fernbach, Matthew |
| Publisher | Boston College |
| Source Sets | Boston College |
| Language | English |
| Detected Language | English |
| Type | Text, thesis |
| Format | electronic, application/pdf |
| Rights | Copyright is held by the author, with all rights reserved, unless otherwise noted. |
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