Robots named Thunderbird and Cyclops lower a Tesla vehicle onto the assembly line at Tesla Motors factory in Fremont, Calif., in 2016. (Joseph White/Reuters) “ No, robots aren’t killing the American Dream ,” argued the New York Times editorial board in February. As evidence, the Times emphasized that labor productivity and capital investment have decelerated in the new century. In theory, that wouldn’t be happening if automation were the main reason that the middle class has been shedding jobs.
Unfortunately, that argument leads many people to conclude that globalization and liberalized international trade must be what’s hurting U.S. manufacturing. That’s […]
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