Andrew Yang is a good guy, and I like a number of his ideas (including UBI and VAT). But on the threat of automation, the math just doesn’t check out. Here is why:
bloomberg.com/opinion/articl…
2/First piece of evidence that robots aren’t currently taking human jobs overall: Employment levels are high right now. Prime-age employment rates are at or above their peaks in the mid-2000s and late-80s booms. 3/But what about wages??Well, real median weekly earnings are going up, for the first time in a long time. 6/Piece of evidence #4: All of the countries with lots of industrial robots […]
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