Getty Images Automation has actually created more jobs than it has eliminated over the past 50 years, according to a recent economic analysis by The Brookings Institution, which looked at the economies of 28 countries belonging to the Organization for Economic Cooperation and Development (OECD).
While acknowledging that some industries have experienced a decrease in jobs, those losses have been offset by an increase in productivity and consumer spending. Researchers found that since 1970, employment opportunities have increased by 6 percent.
There is still a downside to more robots creeping into the workforce, however: compensation. Researchers found that while overall economic […]
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