MIT News May 4, 2020
In this three part series, a team of researchers in the US (MIT, Boston University) shows theoretically that robots may reduce employment and wages and that their local impacts can be estimated using variation in exposure to robots—defined from industry-level advances in robotics and local industry employment. They estimate robust negative effects of robots on employment and wages across commuting zones. According to the researchers the areas most exposed to robots after 1990 do not exhibit any differential trends before then, and robots’ impact is distinct from other capital and technologies. One more robot per thousand workers reduces the employment-to-population ratio by 0.2 percentage points and wages by 0.42%…read more. TECHNICAL ARTICLEÂ
MIT professor Daron Acemoglu is co-author of a new study showing that each robot added to the workforce has the effect of replacing 3.3 jobs across the U.S. Credit: Stock image edited by MIT News