Over the last four decades, the income gap between more- and less-educated workers has grown significantly; the study finds that automation accounts for more than half of that increase. "This single one variable … explains 50 to 70 percent of the changes or variation between group inequality from 1980 to about 2016," Acemoglu says….
Acemoglu and Pascual Restrepo, an assistant professor of economics at Boston University, used U.S. Bureau of Economic Analysis statistics on the extent to which human labor was used in 49 industries from 1987 to 2016, as well as data on machinery and software adopted in that […]
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