Robots creating a wages and employment ‘death spiral’ warns IMF

Robots creating a wages and employment 'death spiral' warns IMF

Photo: The rise of robots in the workplace will lead to dystopian outcomes, according to an IMF research paper. (ABC TV) The future of work run by robots appears to be a dystopian march to rising inequality, falling wages and higher unemployment according to a International Monetary Fund research paper. Workers are facing a "death spiral" of falling wages and rising inequality according to IMF report

Skilled wage could rise by 160pc and unskilled wages fall by 60 pc in worst case scenario

Conventional education and tax policies would have a limited impact in solving the problems The research […]

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