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 automation and employment


Recent Study Identifies how Automation and Employment are Linked

#artificialintelligence

It is not surprising that Automation will change the industry landscape while impacting the employment percentage of the common man. Robots have been replacing humans over the past decades in several countries. While some experts believe that it will lead to a future without work, others are unconvinced of this forecast. A study co-authored by Daron Acemoglu, an MIT economist and Pascual Restrepo, an assistant professor of economics at Boston University, states the statistics on this trend and how the impact of robots differs by industry and region and may play a notable role in exacerbating income inequality in the USA. According to the study, from the period of 1990 to 2007, the addition of one robot per 1000 workers reduced the national employment-to-population ratio by an average of 0.2 percent.