Automation and Unemployment

For every robot per thousand workers, up to six workers lost their jobs and wages fell by as much as three-fourths of a percent, according to a new paper by the economists, Daron Acemoglu of M.I.T. and Pascual Restrepo of Boston University. It appears to be the first study to quantify large, direct, negative effects of robots. ...
The study analyzed the effect of industrial robots in local labor markets in the United States. Robots are to blame for up to 670,000 lost manufacturing jobs between 1990 and 2007, it concluded, and that number will rise because industrial robots are expected to quadruple.

The paper adds to the evidence that automation, more than other factors like trade and offshoring that President Trump campaigned on, has been the bigger long-term threat to blue-collar jobs.
- Claire Cain Miller, Evidence That Robots Are Winning the Race for American Jobs, NYT, MARCH 28, 2017

In much of the world, people whose livelihoods depend on paychecks are increasingly anxious about a potential wave of unemployment threatened by automation. As the frightening tale goes, globalization forced people in wealthier lands like North America and Europe to compete directly with cheaper laborers in Asia and Latin America, sowing joblessness. Now, the robots are coming to finish off the humans. ...
A pair of Oxford University researchers concluded that nearly half of all American jobs could be replaced by robots and other forms of automation over the next two decades.
- PETER S. GOODMAN, The Robots Are Coming, and Sweden Is Fine, NYT, DEC. 27, 2017

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