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…
Study Finds Robots Are Already Hitting Wages
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk