If your main worry over automation is losing your job, history suggests you’ll probably be just fine.
After all, even a century of unprecedented technological advancement in transportation, production and communication hasn’t caused labor’s share of national income to significantly budge. Economists David Autor and Anna Salomons reckon that’s because the primary driver of employment has actually been population growth, despite all the emphasis placed in academic circles on how machines augment human labor as well as why they will ultimately replace us anyway.
The bigger concern, they say, is how technological advances will affect earnings distribution.Essentially, the argument that the […]
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