There is a contradiction in economic forecasting today that I’ve come to think of as the "robot paradox.” Some people seem confident that automation will take many workers’ jobs, yet they cannot point to evidence that technology has done anything in the last few years to replace work or add to productivity. Indeed, economic growth has been lackluster for the last few years, productivity growth is mysteriously moribund, and the last two years have been perhaps the best time this century for wage growth. This is not what the end of work looks like.
Since I have written repeatedly that […]
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