their employees’ wages. Within five years of the appointment of a business manager, wages decline by 6% and the labor share …

We summarize a framework for the study of the implications of automation and AI on the demand for labor, wages, and … in tasks that it used to perform. This displacement effect tends to reduce the demand for labor and wages. But it is … counteracted by a productivity effect, resulting from the cost savings generated by automation, which increase the demand for labor …

from country industry variation in the adoption of robots. Our model also implies that the productivity implications of … aging are ambiguous when technology responds to demographic change, but we should expect productivity to increase and labor …

labor demand, declining labor share in national income, rising inequality and lower productivity growth. The current …

productivity. The effects of automation are counterbalanced by the creation of new tasks in which labor has a comparative advantage …, especially in manufacturing, a weaker reinstatement effect, and slower growth of productivity than in previous decades. …

labor demand, declining labor share in national income, rising inequality and lower productivity growth. The current …

productivity. The effects of automation are counterbalanced by the creation of new tasks in which labor has a comparative advantage …, especially in manufacturing, a weaker reinstatement effect, and slower growth of productivity than in previous decades. …

also affects the real wage of other workers. Counteracting these forces, automation creates a positive productivity effect …, pushing up the price of all factors. Because capital adjusts to keep the interest rate constant, the productivity effect …