Who is winning the race for jobs between robots and humans? Last year, two leading economists described a future in which humans come out ahead. But now they’ve declared a different winner: the robots.
The industry most affected by automation is manufacturing. For every robot per thousand workers, up to six workers lost their jobs and wages fell by as much as three-fourths of a percent, according to a new paper by the economists, Daron Acemoglu of M.I.T. and Pascual Restrepo of Boston University. It appears to be the first study to quantify large, direct, negative effects of robots.
These effects are only “negative” effects because of the way our society currently works. Nobody is going to stop automation, but automation is going to make our capitalist systems wholly and deeply untenable. Those countries who recognise and adapt to this fact the earliest, will be the ones coming out on top once the dust settles.
Countries that look backwards and thereby artificially stunt their economic growth by investing in wholly outdated and destructive industries… Well. Good luck.
Undoubtedly it is a complex topic, I, for one, don’t think that Trump’s anti-green decisions will have a negative impact on US’s competitiveness in robotics, on the contrary it aids America. Energy policies and automation are two different things. In addition if he really tries to bring production back to the US, he will push companies to automate further. One can argue that automation is one of the great risks against American workers, but cheap Chinese workforce can be considered as the greatest enemy of automation.
Though I care about CO2 emission and most probably during Trump’s tenure it will increase, from a green energy standpoint his stance on nuclear power might be actually useful. Building huge structures like nuclear power plant do not only make his ego bigger, but they slash CO2 output, create jobs, and can fuel electric cars at the same time.
(Btw, isn’t it ridiculous that we have a big nuclear failure every 25 years with 40 year old reactors and instead of going all clean nuclear and emission free, it’s those venerable green organisations are responsible for because of green organisations responsible for increasing our CO2 emissions? I say OK, maybe solar/wind can work, but what if we get along emission free until we figure out how to do it…)