JPE study: Automation has substantial negative effects on employment and wages.

[F K]

https://www.journals.uchicago.edu/doi/abs/10.1086/705716

We study the effects of industrial robots on US labor markets. We show theoretically that robots may reduce employment and wages and that their local impacts can be estimated using variation in exposure to robots—defined from industry-level advances in robotics and local industry employment. We estimate robust negative effects of robots on employment and wages across commuting zones. We also show that areas most exposed to robots after 1990 do not exhibit any differential trends before then, and robots’ impact is distinct from other capital and technologies. One more robot per thousand workers reduces the employment-to-population ratio by 0.2 percentage points and wages by 0.42%.

 

[MoneyTron]

UBI almost a guarantee at this point.

During and after this crisis, many companies are going to end up investing large amounts in automation in order reduce costs and downtime. Robots don't get corona.

 

[Pressure]

Socialism with machine overlords

 

[DEAD7]

We'll be fine...

 

[Tony D'Amato]

No shyt

 

[Elim Garak]

No shyt

I was just about to say this lmao.

 

[F K]

No shyt

a lot of people will try to tell you that automation doesn't decrease employment it just creates new jobs.
it's good to have some ammo to use against them.

 

[F K]

We'll be fine...

you have some studies that come to a different conclusion?

 

[DEAD7]

you have some studies that come to a different conclusion?

Don’t need any...
Every advancement is accompanied by the same valid fears...
Truth is no one knows what we will find on the other side of the automation hill.
I’m confident we will adapt and unforeseen opportunities will arise.

 

[DJ Paul's Arm]

UBI almost a guarantee at this point.

During and after this crisis, many companies are going to end up investing large amounts in automation in order reduce costs and downtime. Robots don't get corona.

Seen an Ad on these machines on my timeline and there's a bunch of business owners asking where to purchase these robots for their restaurants.

 

[JLova]

They needed a study to come to this conclusion?

 

[88m3]

kill the robots

 

[F K]

Don’t need any...
Every advancement is accompanied by the same valid fears...
Truth is no one knows what we will find on the other side of the automation hill.
I’m confident we will adapt and unforeseen opportunities will arise.

This effect started in 1990 and it's only gotten worse... When does the adaptation kick in?

 

[Deflatedhoopdreams]

Don’t need any...
Every advancement is accompanied by the same valid fears...
Truth is no one knows what we will find on the other side of the automation hill.
I’m confident we will adapt and unforeseen opportunities will arise.

This dude

 

[Da_Eggman]

Somebody got to clean the robots