The Real Impact of Automation
Few subjects are quite as divisive right now as the potential impact of automation on employment. Some, like U.S. Treasury Secretary Steven Mnuchin , believe we needn’t be concerned, while others assert that we are already at the start of the biggest workforce upheaval since the Industrial Revolution.
Now, a new paper released by the National Bureau of Economic Research (NBER) puts an actual number to the threat of automation: each industrial robot introduced in the workforce between 1990 and 2007 coincided with the elimination of 6.2 jobs within the commute area. Wages also saw […]
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