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    Hotspring 44's Avatar
    Hotspring 44
     

    "Robots, or automation, are not the problem Too little worker power is": (economics)

    An article in Economic Policy Institute titled: “Robots, or automation, are not the problem Too little worker power is

    In part, the article says:

    The fear of job-stealing robots has been recently stoked in the media and pundits frequently refer to automation as a key driver of long-term middle-class wage stagnation. But are robots actually transforming the labor market at an unprecedented pace? Nope—in fact, the opposite is true. First, it’s important to note that technology and automation have consistently transformed the way work gets done.”...

    … “Perhaps surprisingly to some, the data on investments and productivity do not reveal worrisome footprints of accelerated robot activity: in fact, in recent years the growth of labor productivity, capital investment and, particularly, investment in information equipment and software has strongly decelerated in the 2000s. There is no basis for believing that robots or automation are having an unusual transformative effect on the labor market.” ...

    … “We need to give the robot scare a rest. Robots are not leading to mass joblessness and are not the cause of wage stagnation or growing wage inequality. Recently, the New York Times
    referred to the robot scare as a “distraction from real problems and real solutions.” Instead, we should focus on policy choices that lead to things that truly threaten workers and their families like eroding labor standards, declining unionization, elevated unemployment, unbalanced globalization, and declining top tax rates.”

    The article has chart/graph and more text; complete article is @:
    https://www.epi.org/publication/robo...rker-power-is/

    Oh, there is much, much more detailed information on the matter; there is a list of (linked topics) in a very detailed article titled " "Don’t Blame the Robots Assessing the Job Polarization Explanation of Growing Wage Inequality" that was published in 2013:
    https://www.epi.org/publication/tech...me-the-robots/
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