4.29-21-Work-Future-Simon-Johnson

• Video details

  In the decades that followed World War II, the U.S. led the world in innovation, creating entirely new sectors such as jet aircraft, life‐saving drugs and vaccines, microelectronics, satellites, and digital computers. Widespread innovation boosted productivity. Household income increased faster than ever before, while inequality declined.  Since the 1970s, however, U.S. productivity growth has slowed while the well‐paying jobs that we do have in the U.S. are now concentrated disproportionately in a small number of superstar cities. People in the rest of the country increasingly – and correctly – feel that they are being left behind.  What went wrong? Policymakers forgot one of the most important lessons of the post‐1945 period.

Locked Interactive transcript