www. O S N E W S .com
News Features Interviews
BlogContact Editorials

Evidence robots are winning the race for American jobs
By Thom Holwerda on 2017-03-28 20:46:16

Who is winning the race for jobs between robots and humans? Last year, two leading economists described a future in which humans come out ahead. But now they’ve declared a different winner: the robots.

The industry most affected by automation is manufacturing. 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.

These effects are only "negative" effects because of the way our society currently works. Nobody is going to stop automation, but automation is going to make our capitalist systems wholly and deeply untenable. Those countries who recognise and adapt to this fact the earliest, will be the ones coming out on top once the dust settles.

Countries that look backwards and thereby artificially stunt their economic growth by investing in wholly outdated and destructive industries... Well. Good luck.

21  Comments - Printer friendly - Related stories
Recent related stories
- How "fake news" could get even worse - 2017-07-16
- EU Parliament calls for longer lifetime for products - 2017-07-05
- What Amazon's purchase of Whole Foods really means - 2017-06-27
- PR are not your friends - they will lie to your face - 2017-06-14
- The threat of increasing reliance on closed, foreign code - 2017-05-22
- More related articles
 

Tell a friend
Your full name:
Your email address:
Your friend's email:
Anti-spam measure:
5+2=

News Features Interviews
BlogContact Editorials


WAP site - RSS feed
© OSNews LLC 1997-2007. All Rights Reserved.
The readers' comments are owned and a responsibility of whoever posted them.
Prefer the desktop version of OSNews?