Discussions of the future of jobs are concerned that technological change will displace labor and particularly jobs. In this work it is rarely remarked on the strangeness that some of the most globally scarce factors of high level technical expertise, capability to innovate, and entrepreneurial talent are devoted to economizing on--reducing the demand for--one of the most globally abundant factors: low to medium skill labor. I show that policy based barriers to the mobility of labor have created the largest single price distortion in history and that this price distortion induces biased technological change.Length: 36

中文翻译：

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就业的未来面临着有史以来最大的一次价格扭曲，也许是两次

关于工作未来的讨论涉及技术变革将取代劳动力，特别是工作。在这项工作中，很少有人会奇怪地指出，一些全球最稀缺的因素，包括高水平的技术专长，创新能力和企业家才能致力于节省（减少对需求的需求），这是全球最丰富的需求之一。因素：中低技能劳动。我表明，基于政策的劳动力流动壁垒造成了历史上最大的单一价格扭曲，而且这种价格扭曲引起了有偏见的技术变革。长度：36