Study Finds Robots Are Already Hitting Wages

There has been much fuss about the threat that robots pose to jobs in both the United States and around the world recently. Some economists have dismissed these concerns, stating that rather than taking jobs, robots will free human labor from more menial tasks, allowing workers to take on more advanced positions with no net job losses

However, according to a new working paper from the National Bureau Of Economic Research written by Daron Acemoglu and Pascual Restrepo the rise of the robot worker is already having a negative impact on human capital.

Study Finds Robots Are Already Hitting Wages

Acemoglu and Restrepo’s...