Aniket Baksy
Senior Lecturer
Department of Economics
The University of Melbourne
aniket.baksy@unimelb.edu.au
Prompt
Write me the introduction for an economics job market paper on how modern technology adoption is leading to the displacement of skilled workers and a slowdown in the skill premium in the style of a Taylor Swift song.
Response
Verse 1:Technology's on the rise, productivity's up
But skilled workers, they're feeling out of luck
Their jobs are disappearing, replaced by machines
And the skill premium, it's losing its sheen
Chorus:
Modern technology adoption's causing displacement
Of skilled workers and a slowdown in the skill premium's face
What can be done to reverse this trend?
We'll explore the economics and make some recommendations
Verse 2:
The impact of technology's not just confined
To manufacturing and blue-collar jobs aligned
White-collar workers are also at risk
As automation threatens to make their skills obselete
Chorus:
Modern technology adoption's causing displacement
Of skilled workers and a slowdown in the skill premium's face
What can be done to reverse this trend?
We'll explore the economics and make some recommendations
Bridge:
Policy solutions are key to addressing this issue
Investing in education and training will keep workers in the mix
And support for those who are displaced
Will help to keep the economy running at a steady pace
Chorus:
Modern technology adoption's causing displacement
Of skilled workers and a slowdown in the skill premium's face
What can be done to reverse this trend?
We'll explore the economics and make some recommendations.