The prevailing narrative that the U.S. labor market is experiencing an unprecedented rate of technology-driven disruption couldn’t be further from the truth, write Rob Atkinson and John Wu in Brink. In reality, the level of job churn—the rate at which some occupations expand while others contract—is now at a historic low, a new study finds. This misperception risks leading policymakers and the public to be wary of technological innovation and progress when they should instead be encouraging more of it to accelerate productivity, grow the economy, and improve living standards.
