Photo by iStock/maginima Pascual Restrepo on robots’ role in the rich-poor gap
Any number of suspects have been blamed for the growing gap between rich and poor Americans : the decline of unions. Trade. Jobs being shipped offshore. But a recent paper coauthored by BU economist Pascual Restrepo , says the primary driver is something else altogether: automation.
The paper—by Restrepo, a College of Arts & Sciences assistant professor of economics, and MIT’s Daron Acemoglu—says blue-collar workers in jobs vulnerable to automation are losing employment and income. They compete for fewer jobs with other blue-collar workers, pushing down wages. Meanwhile, […]
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