'How do we keep the free enterprise, free market system but slightly shift the incentives to make sure that everybody gets that fair shot?' MarkWarner asks in his latest op-ed. investinyou investinyou (In partnership with acorns.)
Let's address the issue of income insecurity and recognize that many folks aren't working one job for their entire career or even one job at a time. We need federal and local government to experiment with industry to develop aOne recent study found that by the year 2030, up to one-third of American workers will need to retrain or change jobs to keep up with disruptions due to automation and a changing economy. We need to radically change our approach to job training in this country.
We also need to think big. We need real bipartisan tax reform that rewards hard work and investments in American workers. Now, if a company buys a new robot to replace its workers, that's an asset. If the company invests in training its workers, that's an expense. Let's fix that. While we're at it, let's replicate the success of the R&D tax credit and give companiesWe need to do this if we are serious about closing a skills gap that will only get worse with automation.
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