3 ms·
> "Contrary to the popular notion that robots will replace human labor, we find robot-adopting firms employed more people over time. Any displacement of labor c
by chadash 6y ago
> "Contrary to the popular notion that robots will replace human labor, we find robot-adopting firms employed more people over time. Any displacement of labor came from firms that did not adopt robots. These non-adopting firms actually lost their competitiveness — and they had to lay off workers."
I don't find this very compelling. How many workers were lost by companies that didn't automate vs companies that did? It's entirely possible for Amazon (or another company with heavy automation) to add 50,000 jobs, while their competitors cut 75,000 jobs, meaning a net loss for workers.