Technological advances like robots and artificial intelligence have led to profound changes in the world, but haven’t shown much impact on economic measures like wages or productivity. That may be about to change. It’s the biggest puzzle in the economy today: We are surrounded by technological advances, from artificial intelligence to robotics, but you can find no sign of it in wages or productivity. Apocalyptic warnings of jobs destroyed by automation look increasingly ludicrous amid a record streak of employment growth.
In the past year I’ve dug into this in columns and articles and concluded there isn’t a paradox: automation […]
Full Post at www.wsj.com