"firm-level adoption of robots coincides with declines in labor shares, increases in value added & productivity, & declines in the share of production workers. … overall employment increases faster in firms adopting robots" https://pubs.aeaweb.org/doi/pdfplus/10.1257/pandp.20201003 …
Replying to @robinhanson
makes sense: successful automation eliminates more jobs in companies that don't deploy it (because they go out of business); in case of a monopoly there is less incentive for automation to begin with
5:38 PM - 22 May 2020
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