Industrial, automated robots build cars for Ford, a company that pioneered the assembly line. Source: Reuters Treasury Secretary Steven Mnuchin raised eyebrows last week by saying he was “not worried at all,” about robots taking jobs, even going so far to say, “I’m optimistic.” According to Mnuchin, “it’s not even on our radar screen…50 to 100 more years.”
According to a new study by researchers at MIT and Boston University, this is very wrong, and the data tell a far different story of robots driving down wages and stealing jobs. The researchers, Daron Acemoglu of MIT and Pascual Restrepo of […]
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