Why Deep Investment In Automation Results In More Jobs

“We can see that industrial robots increase employee wages and increase productivity and that the number of jobs for low-skilled employees, and also to some extent for the medium-skilled, decreases, while job opportunities for the highly skilled increase,” the authors say.

“The process of machines replacing human labor is not something that is new,” they say. “It’s been going on for 200 years. Why is it the case that we still have so many jobs?”

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