We examine the implications of robots and artificial intelligence (AI) for employment and productivity, using a rich …. Our main finding is that, while adopting robots and adopting AI both increase employment, only adopting AI improves labor … productivity. However, such productivity gains are accompanied by a decrease in the labor share of income, suggesting a potential …

-cost) firms and laggard (high-cost) firms increase productivity when automating but that only laggard firms hire more automation …

general on employment and economic growth. Traditional economic models trade off a negative displacement or substitution … effect against a positive complementarity effect on employment. Economic history since the industrial revolution as strongly … supports the view that the net effect on employment and incomes is positive though recent evidence points to a declining labour …