Jobs in the Developed WorldTuesday, April 29, 2014 / 10:45 am - 11:45 am
Peter Passell, Senior Fellow, Milken Institute; Editor, Milken Institute Review
Dean Baker, Co-Director, Center for Economic and Policy Research
Beth Ann Bovino, U.S. Chief Economist, Standard & Poor's Ratings Services
Diana Farrell, Global Head, McKinsey Center for Government, and Director, McKinsey & Company; Former Deputy Director, National Economic Council
Kevin Hassett, State Farm James Q. Wilson Chair and Director of Economic Policy Studies, American Enterprise Institute
Steven Rattner, Chairman, Willett Advisors; Former Counselor and Lead Auto Advisor to the U.S. Secretary of the Treasury
Unemployment has long been considered an unfortunate fact of free-market capitalism--the price advanced economies must pay for containing inflation and allowing productivity-enhancing (but dislocating) change. However, factors ranging from technological advances in emerging markets and the rapid automation of service industries to the changing dynamics of the business cycle are lengthening joblessness and forcing more people to settle for work that pays little and requires fewer skills. This panel will discuss what can be done to reverse the trend without undermining the flexibility of labor markets or hindering globalization.