An interesting and very thorough study by Daron Acemoglu and Pascual Restrepo at MIT and Boston University respectively looks at how industrial robots are taking over jobs that were previously performed by humans and how this impacts the future of both wages and job creation. For the study, the authors examined the effect of industrial robot usage over the period between 1990 and 2007 (with the year 2007 selected as the last year of the study to eliminate the impact of the Great Recession) on local labor markets in the United States with the data broken down into commuting […]
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