Automation both destroys and creates jobs

A very interesting study has been done recently in the USA into the effect of automation on employment.  This found that across nearly all sectors of industry some form of automation had taken place, either through the adoption of ecommerce or robots.  The general effect of this had been to reduce the number of low skilled employees, but to increase employment of more highly skilled workers.  Not surprisingly the average hourly wage of occupations that were declining was lower than that of growing occupations.

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