More Robots, Fewer Jobs

Mira Rojanasakul & Peter Coy
Bloomberg

Are you about to be replaced by a robot? The question has broad implications for the U.S. economy, especially the manufacturing sector. Industries that robotize tend to increase output. But robots can have dire consequences for workers.

Two economists recently concluded that both jobs and wages fall in parts of the U.S. where more robots are installed. The March 2017 study by Daron Acemoglu of Massachusetts Institute of Technology and Pascual Restrepo of Boston University shows the commuting zones—i.e., local labor markets—where robot installations have grown the most.

 

Read More
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s