Calls to take action on skyrocketing budget deficits and the national debt are growing as alarm increases among policymakers about the long-term consequences. Longtime federal budget policy expert Alice Rivlin served on two recent commissions that attempted to come up with solutions.
Simply put, we are producing more with fewer people. Automation has transformed the American factory, rendering millions of low-skilled jobs redundant. Fast-spreading technologies like robotics and 3D printing will exacerbate this trend.