Slowing down automation may have economic benefits

Robots, artificial intelligence, and other automation technologies enable companies to produce more. They also displace workers from their jobs, wreaking havoc on those who have no other training and are financially vulnerable.

The high price of losing manufacturing jobs: research

The loss of U.S. manufacturing jobs is a topic that can provoke heated arguments about globalization. But what do the cold, hard numbers reveal? How has the rise in foreign manufacturing competition actually affected the ...

Long COVID effects on business and education

The pandemic has affected many aspects of our lives, from health consequences to the collateral damage to restaurants and "mom and pop stores." Supply chain problems have created panic shopping among consumers and many entertainment ...

Artificial intelligence, the future of work, and inequality

One of the most spectacular facts of the last two centuries of economic history is the exponential growth in GDP per capita in most of the world. Figure 1 shows the rise (and the difference) in living standards for five countries ...

To really help U.S. workers, we should invest in robots

America's manufacturing heyday is gone, and so are millions of jobs, lost to modernization. Despite what Treasury Secretary Steven Mnuchin might think, the National Bureau of Economic Research and Silicon Valley executives, ...

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