Robot Reality Check: They Create Wealth—and Jobs
Economists say automation is the key to next boom, and the U.S. is falling behind
Hundreds of millions of jobs affected. Trillions of dollars of wealth created. These are the potential impacts of a coming wave of automation. In this episode of Moving Upstream, we travelled to Asia to see the next generation of industrial robots, what they're capable of, and whether they’re friend or foe to low-skilled workers.
Robots may be coming for our jobs. But a growing body of evidence suggests that workers have everything to gain from welcoming them.
The more robots a country has, the higher its gross domestic product and, on average, the richer its citizens. On the other hand, a country that resists automation loses out not just on wealth creation but on new jobs as well.
This...