Tag Archives: Robotization

Many professions, including education and health care, will become increasingly automated. This won't eliminate the need for humans, however, since the social element is also a vital factor in many fields, especially education, which involves socialization.The problem inherent in this article is difficulty thinking outside the box, in this case the traditional classroom. That model is obsolescent, and technology will soon make it obsolete. Then we will look back on it and wonder why it...

[embedded content]Dr. Strangelove or: How I Learned to Stop Worrying and Love the Robots. The gist is that technological change is not the problem. Employment is pro-cyclical and pro-structural, for lack of a better word, it goes with the cycle and with the trend. The issue is the weakness of the working class bargaining power. We need regulation of corporate oligopolies, stronger unions, and a political system willing to require and fund social welfare. In that world, robots are not the...

Or that is what the recent Economic Policy Institute (EPI) Report by Lawrence Mishel and Josh Bivens says. Their study is essentially a critique of a recent study by Acemoglu and a co-author that suggests that robotization would have a large effect on employment generation. Note that this is not a requirement in mainstream neoclassical (marginalist) theory. Actually, technological progress should generate higher real wages and higher employment in the conventional model of the labor market...