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"Automation does not kill jobs; It increases inequality"

by Brito, Dagobert L (2020)

Abstract

Many economists have been concerned that automation will result in loss of jobs. This work shows that is not the issue. There are two main effects of automation: increased inequality and economic growth. As the cost of automation drops, capital's share of the economy grows …

Keywords

Inequality, Automation, Technology, Artificial Intelligence, Algorithms, Algorithmic Management, Surveillance, Resistance, Privacy

Themes

Automation

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