Study Finds Stronger Links Between Automation and Inequality

New research by MIT economist Daron Acemoglu shows that since 1987, automation has taken away jobs from lower-skill workers without being replaced by an equivalent number of labor-market opportunities.

 "Automation is critical for understanding inequality dynamics" says Acemoglu, detailing the findings.

Does the US tax code favor automation?

"We find that the U.S. tax system favors excessive automation. In particular, the heavy taxation of labor and low taxes on capital encourage firms to automate more tasks and use less labor than is socially optimal."

#Economics #Robot #Automation