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This study is unmitigated bullshit. They intentionally conflate the effect of robots with the trade deficit in their model. A $5 million California house bought
by crdoconnor 10y ago
This study is unmitigated bullshit. They intentionally conflate the effect of robots with the trade deficit in their model. A $5 million California house bought every year by a Chinese oligarch is considered equivalent to 20 $50k/year jobs and Foxconn's 1.2 million employees are considered mathematical robots.
They effectively build an assumption into their model that offshoring only causes jobs if the offshored labor costs the same as American labor.
>There is tons of other research
None of it is good.