Editor’s Note: This commentary is part of a bi-monthly column in partnership with South Texas Money Management . Are people in danger of being replaced by robots? Concerns regarding automation and worker displacement, which have been around for centuries, have experienced a recent uptick. Most of these concerns are misplaced, particularly if effective policies are in place.
The real wealth of a country consists of the output of goods and services that its countrymen and women have access to. The fear that automation will destroy jobs rests on the assumption that there is a fixed amount of goods that buyers […]
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