The Political Economy of Automation: Analysis of the 2016 U.S. Presidential Elections

The Political Economy of Automation: Analysis of the 2016 U.S. Presidential Elections

Klaus Schwab, the founder of the World Economic Forum, wrote in January 2016: “We stand on the brink of a technological revolution that will fundamentally alter the way we live, work, and relate to one another. In its scale, scope, and complexity, the transformation will be unlike anything humankind has experienced before.” He is describing, among other things, automation. His ominous message winks at what economics are calling the Fourth Industrial Revolution, a digital revolution that will fundamentally alter the way in which people live and work.

According to a 2013 study by Oxford economist Carl Benedikt Frey, 47 per […]

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