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Automation moves in lockstep with employment, as one would expect: rising automation is correlated with higher employmenthttps://twitter.com/TimAeppel/status/1163826671931351040 …
This is not a surprising result -- companies that invest in increasing automation are growing companies, and growing companies are hiring. When you manufacture more, you need news sales, marketing, support people. And of course someone will need to make and maintain the robots
Lastly, the "extra" economic value generated by any increase in productivity expands the services sector (where the above folks spend their money). In the very long run, there is only marketing, sales, services, and tech
"According to our estimates, one more robot per thousand workers reduces the employment to population ratio by about 0.18-0.34 percentage points and wages by 0.25-0.5 percent." Robots and Jobs: Evidence from US Labor Markets by Daron Acemoglu et all.
There's no reason to believe the trend will continue forever.
The robots are coming ... to us with more job opportunities!
This correlation-based conclusion is pretty misleading, unfortunately. Why? It doesn't take into account labor force participation, job quality, or job satisfaction. And jobs are moving to cities, creating distress in rural areas.
What do you think about this?https://twitter.com/scottsantens/status/1163841957287878658?s=19 …
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