Study has found US income has fallen due to businesses using automation
Robots are taking wages from American workers. A new study from the Federal Reserve Bank has found that the portion of national income give to human employees has dramatically decreased as automation continues to increase. The study suggests that employees that employees feel they have lost their bargaining power when it comes to asking for a raise out of fear they may be replaced by a robot. A new study from the Federal Reserve Bank has found that the portion of national income has dramatically decreased as automation continues to increase. 'Businesses have more options to automate hard-to-fill positions now than in the past,' the study authors write.
Oct-2-2019, 19:35:27 GMT
- Country:
- North America > United States > California > San Francisco County > San Francisco (0.05)
- Genre:
- Research Report > New Finding (0.56)
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- Technology:
- Information Technology > Artificial Intelligence > Robots (0.71)