Is the Robocalypse upon us? asked MIT economist David Autor in his presentation at a recent Forum of European central bankers. His presentation was based on a paper co-written with Utrecht University economist Anna Salomons . “Is productivity growth inimical to employment?,” they asked in the paper’s abstract. “Canonical economic theory says no, but much recent economic theory says maybe – that is, rapid advances in machine capabilities may curtail aggregate labor demand as technology increasingly encroaches on human job tasks.”
Fears that machines will put humans out of work are not new . Throughout the Industrial Revolution there were […]
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