Many people today are concerned about automation. And not without good reason – automation has been blamed for the dramatic job losses seen in manufacturing over the last few decades. And we are warned that automation will soon come for a wider range of jobs – which some think could cause "Depression-level" unemployment .
However, last year an paper was published which overturned the consensus narrative on what exactly is responsible for the job losses the U.S. has seen in the manufacturing sector. Many experts and economists have argued for decades that automation, not foreign trade is responsible for the […]
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