More Robots, Fewer Jobs
May 8th, 2017Via: 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.
