She Works, He Works?
How is the U.S. labor force changing over time? The labor force participation rate has generally been in decline since the late 1990s. Aging explains part of the overall change, since this is when baby boomers began to retire, partially offset by advances in health that have improved the longevity of the workforce. Another reason is the rising educational attainment of the workforce, which means fewer total years spent in the workforce. How does the labor force differ by gender? When it comes to things like productivity and choice of occupation, gender differences have been observed. Could there be differences […]
The Future of Work
Now that the Covid-19 pandemic fears are receding, what is happening to the average workplace—will it become more or less virtual? Will some workers prefer to continue working from home and refuse to commute? As for generative AI—how will that change the future of work? “There will always be work to do, but it will be different from the work we know now,” said Mary C. Daly, President and CEO of the U.S. Federal Reserve Bank of San Francisco (FRBSF), known informally as “the Fed.” She was the introductory speaker on September 8, 2023, at a presentation outlining the Fed’s […]