As Robot Sales Increase, So Will Jobs for Humans RealClearMarkets

Referring to the fact that productivity growth slowed in the 1970s and 1980s even while information technology developed rapidly, economist Robert Solow once quipped: "You can see the impact of IT everywhere but in the productivity statistics." Today, one can see the so-called job-destroying impact of robotics everywhere but the employment statistics. Last month, the U.S. economy created over 220,000 net jobs. On average, it has created 174,000 jobs a month this year, relatively tepid but nonetheless steady job growth (just below last year's 187,000 jobs a month). With a 4.1 percent jobless rate, and more Americans re-entering the workforce, the economy seems to be at or near full employment.