Automation technologies have heterogeneous effects on career starters. Young workers are more easily displaced by automation compared to older workers, but they also have good prospects of working in complement with automation technology in the future. Automation leads to higher profits, lower consumer prices, and higher sales, and the estimated impact of automation on employment is positive even for unskilled industrial workers. Increased automation can result in underemployment due to the possibility of job replacement by machines and the diversity in job mismatch probabilities of workers. However, university students, who are at the beginning of their careers, do not […]
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