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advantage in the most complex tasks relative to capital, and because the wages of the least skilled workers are sufficiently low … relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … higher wages at the bottom make interior automation less likely. Starting with interior automation, a reduction in the cost …
Persistent link: https://www.econbiz.de/10014496402
advantage in the most complex tasks relative to capital, and because the wages of the least skilled workers are sufficiently low … relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … higher wages at the bottom make interior automation less likely. Starting with interior automation, a reduction in the cost …
Persistent link: https://www.econbiz.de/10013388884
advantage in the most complex tasks relative to capital, and because the wages of the least skilled workers are sufficiently low … relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … higher wages at the bottom make interior automation less likely. Starting with interior automation, a reduction in the cost …
Persistent link: https://www.econbiz.de/10014467790
demand, and use it to interpret changes in US employment over the recent past. At the center of our framework is the … slower growth of employment over the last three decades is accounted for by an acceleration in the displacement effect …
Persistent link: https://www.econbiz.de/10012001461
against the disabled in hiring, firing, and pay. Although the ADA was meant to increase employment of the disabled, it also … employment of disabled men of all working ages and disabled women under age 40. The effects appear to be larger in medium size … little evidence of an impact on the nondisabled, suggesting that the adverse employment consequences of the ADA have been …
Persistent link: https://www.econbiz.de/10005778559
We summarize a framework for the study of the implications of automation and AI on the demand for labor, wages, and … employment. Our task-based framework emphasizes the displacement effect that automation creates as machines and AI replace labor … in tasks that it used to perform. This displacement effect tends to reduce the demand for labor and wages. But it is …
Persistent link: https://www.econbiz.de/10011786893
Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back … the considerable employment gains achieved during the 1990s, with a historic contraction in manufacturing employment being … force behind both recent reductions in U.S. manufacturing employment and - through input-output linkages and other general …
Persistent link: https://www.econbiz.de/10010528574
Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back … the considerable employment gains achieved during the 1990s, with a historic contraction in manufacturing employment being … force behind both recent reductions in U.S. manufacturing employment and — through input-output linkages and other general …
Persistent link: https://www.econbiz.de/10013010144
Even before the Great Recession, U.S. employment growth was unimpressive. Between 2000 and 2007, the economy gave back … the considerable employment gains achieved during the 1990s, with a historic contraction in manufacturing employment being … force behind both recent reductions in U.S. manufacturing employment and - through input-output linkages and other general …
Persistent link: https://www.econbiz.de/10013021857
Artificial Intelligence is set to influence every aspect of our lives, not least the way production is organized. AI, as a technology platform, can automate tasks previously performed by labor or create new tasks and activities in which humans can be productively employed. Recent technological...
Persistent link: https://www.econbiz.de/10012001438