How can we prevent the disadvantages of global automation?

Oct 18, 2021

Slow median wage growth has led many to worry that these new technologies are failing to deliver for the average worker. Image: Unsplash/Clayton Cardinalli

Victor Yifan Ye

PhD candidate, Boston University and Graduate Research Affiliate, Stanford DEL

Seth G. Benzell

Assistant Professor, Argyros School of Business and Economics, Chapman University

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GDP percent change with baseline automation relative to ‘no automation’ scenario Image: VoxEU

Choice of production function by region Image: VoxEU

Percent of adult population made better off in terms of lifetime welfare, relative to no automation Percent of adult population made better off in terms of lifetime welfare, relative to no automation

Percent of adult population made better off in terms of lifetime welfare, relative to no automation Image: VoxEU

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Relative remaining lifetime welfare by skill group and birth cohort Image: VoxEU

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