"Automation [can be bad] for labor because of a displacement effect—as capital takes over tasks previously performed by labor…
[A]utomation technology also increases productivity, and via this channel, which we call the productivity effect, it contributes to the demand for labor in non-automated tasks…
[T]he displacement effect of automation has [historically] been counterbalanced by technologies that create new tasks in which labor has a comparative advantage."
Framing: assertive ·
First seen: 2026-09-07 ·
Last seen: 2026-09-07 ·
Spread: 1 articles