Automation Does Not Kill Jobs. It Increases Inequality
Date
2020
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James A. Baker III Institute for Public Policy
Abstract
The authors have developed a model of the effects of automation upon an economy similar to the U.S. The model predicts that the most important consequence of automation is to lower the real wages of medium-skilled and low-skilled workers. Data covering the period 1984 to 2016 demonstrate, as the model predicts, that the share of these workers in domestic production has steadily, if somewhat noisily declined.
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Brito, Dagobert L. and Curl, Robert F.. "Automation Does Not Kill Jobs. It Increases Inequality." Baker Institute Report, 11.06.20, (2020) James A. Baker III Institute for Public Policy: https://doi.org/10.25613/g0pk-qt92.
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© 2020 Rice University’s Baker Institute for Public Policy