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The macroeconomic effects of automation and the role of COVID-19 in reinforcing their dynamics. 25/06/2020

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Article

Bloom, David E. ; Prettner, Klaus

Centre for Economic Policy Research, London

CEPR - London

2020

epidemic disease ; automation ; macroeconomics

Technology

https://voxeu.org/article/covid-19-and-macroeconomic-effects-automation

English

Bibliogr.

"Over the last decade there has been a tremendous progress in automation. Many tasks previously seen as un-automatable can now be performed without human labour, and the number of industrial robots in use has increased sharply. This column describes the recent trends in automation and argues that its principal effects are to increase output per capita at the expense of rising inequality. Advancing technologies have mainly replaced the routine tasks of low-skilled workers, while the incomes robots generate flow to wealthier capital owners. The current COVID-19 pandemic is likely to reinforce these trends, raising the need for a policy response."

Digital



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