Technological Unemployment – Quantified

March 28, 2017

A new paper from the National Bureau of Economic Research titled, “ROBOTS AND JOBS: EVIDENCE FROM US LABOR MARKETS”  looks at the impact of industrial automation on the labor market in the US from 1990 to 2007, and finds not only job loss but also reduced wages as impacts.

Articles about this research appeared on the 28th in the New York Times (“Evidence That Robots Are Winning the Race for American Jobs”  ) , Quartz ( “Compelling new evidence that robots are taking jobs and cutting wages”), Verge  (“Robots do destroy jobs and lower wages says new study“), US News and World ReportGizmodo, and more…

Undoubtedly, there will be more papers like this down the road, as automation becomes more prevalent, and the use of artificial intelligence accelerates, eliminating more tasks requiring human labor. Will there be a positive response beyond hand wringing and calls for more money for education and retraining programs?

It should be noted, that this research looked at a period prior to many recent developments in robotics, automation and artificial intelligence.  

#ItsAmachineWorldAfterAll

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