E21: Is It Different This Time?

Bill Villano keeps asking questions about how automation and robotics impact the labor force. He talks with Professor and Economist Harry J. Holzer on how to prepare for more disruption. Are wage subsidies the best way to make up the loss? How does that fit in with or labor reforms to avoid the "3 L's": longer unemployment, lower wages, and labor market withdrawal. Holzer is a public policy professor at Georgetown University, a Brookings Institute contributor, and former U.S. Dept. of Labor economist.