(c) 2017, The Washington Post.
Economists have long argued that automation, not trade, is responsible for the bulk of the 6 million jobs shed by the manufacturing sector over the last 25 years. Now, they have a put a precise figure on some of the losses.
Industrial robots alone have eliminated up to 670,000 American jobs between 1990 and 2007, according to new research from MIT’s Daron Acemoglu and Boston University’s Pascual Restrepo.The number is stunning on the face of it, and many have interpreted the study as an indictment of technological change – a sign that “robots are winning the […]
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