Robots

  • Do Industrial Robots Contribute to Unemployment and Lower Wages?

    Do Industrial Robots Contribute to Unemployment and Lower Wages?

    Over the past few years, rapid advances in technology have posed greater threats to jobs, especially those vulnerable to automation. Recently, McKinsey published a report analyzing the technical feasibility of automation in several occupations and concluded that service, manufacturing, and construction industries are all at risk of automation. Yet, the…