Posted: November 19th, 2014

Structural Stagnation

Structural Stagnation

Project description
Your post should contain at least four well-formed paragraphs. The minimum recommended length for your assessment should be about 500 words.

For your Structural Stagnation Dilemma post you are asked to critically evaluate the debate over structural stagnation, technological change, and globalization as

outlined in Chapter 11. In addition to the material in Chapter 11 please look over Appendix A of Chapter 11: Creating a Targeted Safety Net to Help the Least Well Off.

It is also recommended that you read the material in Chapter 17 on Jobs and Unemployment especially pages 370-381 starting with the section: Is Unemployment Structural

or Cyclical?

As background for your post watch the TED talks by Robert Gordon:http://www.ted.com/talks/robert_gordon_the_death_of_innovation_the_end_of_growth.html

And Eric Brynjolfsson:http://www.ted.com/talks/erik_brynjolfsson_the_key_to_growth_race_em_with_em_the_machines.html

and their TED debate: http://blog.ted.com/2013/04/23/the-future-of-work-and-innovation-robert-gordon-and-erik-brynjolfsson-debate-at-ted2013/

I would also like you to view the World Economic Forum Debate Rethinking Technology and Employment especially the comments by Erik Brynjolfsson and Lawrence H. Summers

for further insights regarding technological innovation and jobless growth.

The URL for the debate is:
http://www.weforum.org/sessions/summary/forum-debate-rethinking-technology-and-employment

After watching the TED talks and the debates you are ready to write your post:

-Briefly explain the difference between structural stagnation and secular stagnation. What are the root causes of stagnation in both hypotheses?
-Referring to the Aggregate Supply and Aggregate Demand model (AS/AD) and the material in Chapter 11 what challenges does the dilemma pose for both employment and

macro policy? Explain.
-How does technological change potentially impact economic growth and employment?
-Globalization has pulled hundreds of millions of people out of poverty in China and India. How should that gain be weighed against the structural changes that

globalization requires in the United States?
-Should there be a safety net for those most hurt by globalization and technological change? What kind of safety net? Who should pay for it? Explain

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