The Impact of Technology’s Invisible Hand

The Impact of Technology’s Invisible Hand

A worker pushes a cart among shelves lined with goods at an Amazon warehouse in Brieselang, Germany, on September 4, 2014. (Sean Gallup/Getty Images) The telltale sign that we are in a new age of automation isn’t in the latest food ordering apps, driverless taxis, or noodle-cooking robots. It’s in stagnant wages.

“We are not going to wake up tomorrow and see that robots have taken all the jobs,” said Ryan Avent, senior editor at The Economist. “We are going to see, instead, stresses on our wages, on our workers, and on our institutions. That’s what the great robot revolution […]

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