WASHINGTON, July 10 (Xinhua) — While industrial robots are predicted to replace millions of U.S. workers and suppress wage growth in the next decade, reforms in education and social safety net largely lag behind, said a renowned U.S. economist.
"There’s a real mismatch between our institutions and the technologies coming on board," Daron Acemoglu, an economist at Massachusetts Institute of Technology (MIT), told Axios Media, an American news website, in an interview published on Sunday night.
Industrial robots have taken over routine work from human hands in the past several decades. A paper published in March by Acemoglu and Pascual Restrepo, […]
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