Debate over impact of robots in the workforce Automation has “significantly contributed” to a decrease in the portion of national income that goes to American workers over the past two decades, according to a new report published by the Federal Reserve Bank of San Francisco .
Although the bank found that a decline in union membership,m increased outsourcing and offshoring and non-compete clauses that hurt workers’ ability to switch jobs are also contributing to a shrinking paycheck, automation is the primary cause.
Despite a strong labor market and consistently low unemployment, the labor share, or the portion of national income going […]
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