Economists Pin Blame for Rising Inequality on Automation

Economists Pin Blame for Rising Inequality on Automation

This New York Times article indicates several economists have discovered direct links between the deployment of automation and the rising income inequality. The economists identify what they term “so-so” automation as the most damaging. So-so automation is defined as automation that displaces workers with little or no productivity gain. It offers self-checkout kiosks as an example.

Interestingly, in 2019 Mercator delivered the following charts to several of our members. The first chart identifies our projections for the number of jobs most likely to be displaced by 2030 – and cashiers were close to the top of the list:

The second graphic […]

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