What economic problem keeps Larry Summers up at night?

What about the economy now keeps you in cold sweats at night? 
I worry for the medium and long term about where the jobs are going to come from for those with fewer skills. One in five men between 25 and 54 is not working, and a reasonable projection is that it will still be one in six after the economy recovers. It was one in 20 in the 1960s. That has potentially vast social consequences.

From an interview in the New York Times Magazine last year.

If you are interested in this topic, I’d suggest starting with some of David Autor’s work on Inequality, Technological Change and Globalization. He also has great lecture notes on many of these topics as well.

 

 

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About ozidar

Graduate student at UC Berkeley, studying public finance & labor economics. https://sites.google.com/site/omzidar/
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