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2017-03-30 — wolfstreet.com
... soothsayers have been steadfastly claiming that for each destroyed job, the Great American Economy will generate more and better jobs, because, well, that's how it worked during, you guessed it, the Industrial Revolution.
But two economists have changed their mind (more on that in a moment) and published a gloomy working paper.
Daron Acemoglu and Pascual Restrepo studied how the increase of industrial robots between 1990 through 2007 has impacted US jobs and wages. They found "large and robust negative effects of robots on employment and wages across commuting zones."
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