The global economy is changing rapidly. The transformative impact of robotization and automation has been increasingly more apparent. Being clearly linked with the wider concept of sharing economy, this issue poses major challenges to our contemporary models of organizing economic activity.
The task of this Committee is to examine strategies for preserving social stability in the turbulent times ahead. Is the Universal Basic Income (UBI) a generally suitable solution or should it be employed only as a temporary measure? Or not at all? Is the so called 'Robot Tax' a better answer?
This borders with the agenda of the Budget Committee as well as the Joint Economic Committee, both evaluating different policies to boost America's growth potential.
(Briefing Papers Available Soon)
The future seems to be more unpredictable than ever. How can we prepare for the unknown? Should we teach creativity? And do we actually know how? Despite the 'No Child Left Behind' or 'Every Student Succeeds' Acts, the education system has been continually failing children, teachers, parents, and the entire economy.
This has been demonstrated by the massive school dropout rates, teachers leaving their careers only after a few years, exorbitant costs of university or college degrees, recordly low labor participation rates, and a large skill mismatch in the market.
Everyone agrees that a fundamental reform is needed. It is up to this Committee to produce policy recommendations that will literally shape the future of the nation, its aspirations and affluence. This is naturally connected with the agenda of the Budget Committee, Joint Economic Committee, and the Foreign Affairs Committee, especially in the long run.
(Briefing Papers Available Soon)
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Recommended Committee Specific Research Materials follow:
Hearing - Examining the Policies and Priorities of the U.S. Department of Education (2019)
Hearing - Examining the Policies and Priorities of the U.S. Department of Education (2018)
Politico - Employment & Immigration | Politico - Education
Financial Times - The long wait for a productivity resurgence
World Economic Forum - A lack of education can literally be deadly
World Economic Forum - New technologies must create jobs, not destroy them
(More Coming)