America has not yet seen waves of widespread job loss due to automation. The U.S. economy created 209,000 jobs in August to continue its long streak of positive job creation, and the unemployment rate is down to 4.3 percent. Productivity growth remains sluggish , which would not be the case if more efficient machines were replacing droves of workers.
The lack of an aggregate effect on the labor market does not mean automation has not affected the labor market at all.
A new working paper by Grace Lordan of the London School of Economics and David Neumark of the University of […]
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