SAN FRANCISCO
Robots are replacing American workers and significantly slashing wages, according to a report Tuesday.
Researchers behind the survey examined decades of employment data released by the government from 1990 to 2007. They found that for every new robot installed at a factory, the jobs of 6.2 people were eliminated, on average.In addition, economists found that for every robot added per 1,000 workers, all wages were reduced between 0.25 and 0.5 percent in that surrounding area.Automation, the report contends, effects nearly everyone in the labor force, not just manual laborers who are in positions that do not need a […]
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