@article {678852,
	title = {Fixing Capitalism{\textquoteright}s Good Jobs Problem},
	journal = {Oxford Review of Economic Policy},
	year = {2021},
	abstract = {
	Conventional welfare state policies that center on education, training, progressive taxation, and social insurance are inadequate to address labor market polarization, which is capitalism{\textquoteright}s most pressing inclusion challenge at present. We propose a strategy aimed directly at the productive sphere of the economy and targeting an increase in the supply of {\textquoteleft}good jobs. The main elements of this strategy are: (i) active labour market policies linked to employers; (ii) industrial and regional policies directly targeting the creation of good jobs; (iii) innovation policies that incentivize labour-friendly technologies; (iv) international economic policies that facilitate the maintenance of high domestic labour/social standards. These elements are connected both by their objective{\textemdash}expanding the number of good jobs{\textemdash}and by a new approach to regulation that is collaborative and iterative rather than top-down and prescriptive. We emphasize the importance of new institutional arrangements that enable strategic long-term information exchange and cooperation between governments and firms.

},
	author = {Dani Rodrik and Stefanie Stantcheva}
}
