Despite concerns that the robots are coming for our jobs, automation is responsible for only a fourth as many jobs lost as trade with China since the turn of the century, according to a report released Wednesday.
The left-leaning Economic Policy Institute analyzed recent research by economists Daron Acemoglu, of the Massachusetts Institute of Technology, and Pascual Restrepo, of Boston University, and concluded that automation is a sideshow compared to the bigger causes of job loss and wage stagnation. “Studies that attempt to estimate the number of jobs that will be potentially lost to automation in the future never seem […]
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