The stubbornly high unemployment rate has left policymakers wondering whether there’s something more at work than just an unusually steep recession. Two economists from the Massachusetts Institute of Technology make a compelling argument that the technology revolution is vaporizing careers faster than many Americans can embark on new ones. In fact, Erik Brynjolfsson contends, the U.S. economy should be growing faster. Part of the reason the unemployment rate has stayed so high is that companies can’t find employees equipped to help them expand their operations.
