History suggests that in the long term, fears of technology leading to job loss and reduced wages are misplaced. But in the short and medium term, dislocation can be severe for certain types of work, places and populations. This column argues that in the transition period, policies are needed to facilitate labour market flexibility and mobility, to introduce and strengthen safety nets and social protection, and to improve education and training.
Lay Lian ChuahResearch Fellow, Development Research Group, World Bank
Lay Lian Chuah is a research fellow in the Macroeconomics and Growth team of the World Bank’s Development Research Group hub in Kuala Lumpur. Her research interests include macro-related issues, growth, and private investment. Prior to her secondment, she was an economist at Bank Negara Malaysia, where she supported research projects and analyses in oil price shock simulations and its impact on the economy, financial sector stress tests, private investments and growth. She graduated from Monash University in 2012 with a PhD in Economics.