3 ms·

The number of people employed is also at an all-time high. https://www.google.com/publicdata/explore?ds=z1ebjpgk2654c1_&met_y=unemployment_rate&idim=country:US

The number of people employed is also at an all-time high. https://www.google.com/publicdata/explore?ds=z1ebjpgk2654c1_&met_y=unemployment_rate&idim=country:US&fdim_y=seasonality:S&hl=en&dl=en#!ctype=l&strail=false&bcs=d&nselm=h&met_y=employed&fdim_y=seasonality:S&scale_y=lin&ind_y=false&rdim=country&idim=country:US&ifdim=country&hl=en_US&dl=en&ind=false https://www.google.com/publicdata/explore?ds=z1ebjpgk2654c1_... Automation may change that in the future, or people may insist on dealing with humans, or new jobs may emerge. Who can predict the future?

JoeAltmaier 9y ago
These guys: https://economics.mit.edu/files/12763 https://economics.mit.edu/files/12763 This quote: "Using this approach, we estimate large and robust negative effects of robots on employment and wages across commuting zones. We bolster this evidence by showing that the commuting zones most exposed to robots in the post-1990 era do not exhibit any differential trends before 1990. The impact of robots is distinct from the impact of imports from China and Mexico, the decline of routine jobs, offshoring, other types of IT capital, and the total capital stock (in fact, exposure to robots is only weakly correlated with these other variables). According to our estimates, one more robot per thousand workers reduces the employment to population ratio by about 0.18-0.34 percentage points and wages by 0.25-0.5 percent."