Fed Conference Explores Impact of Automation and Job Market Trends

The Federal Reserve Bank of Minneapolis is hosting its annual Opportunity & Inclusive Growth Institute research conference on October 8. The event features keynote remarks and a fireside chat between Congressional Budget Office Director Phillip Swagel and Minneapolis Fed President Neel Kashkari.

This year's program committee members include Francesco Agostinelli, Alex Albright, Marcus Casey, Amanda Michaud, Makoto Nakajima, Emi Nakamura, and Fang Yang. The conference includes presentations on various topics, including the long-term decline of the U.S. job ladder, automation, learning, and career dynamics.

Papers being presented include 'The Long-Term Decline of the U.S. Job Ladder' by Niklas Engbom, Aniket Baksy, and Daniele Caratelli, which examines how rising employer concentration has curtailed job shopping by employed workers, leading to slower upward mobility.