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Income inequality in the US: why the gap continues to growSeveral factors have contributed to the rise in income inequality. One of the primary drivers is automation, which has transformed industries and displaced many workers. As technology advances ...
But such automation lets employers cut spending on labor in a way that has contributed significantly to income inequality in the US. A new study coauthored by MIT economist Daron Acemoglu ...
but Acemoglu and Restrepo’s evidence points to the rise of “so-so automation” systems to account between “50 to 70 percent of the changes or variation between group inequality.” ...
Automation has also made educated labor more valuable and contributed to income inequality. Artificial intelligence could cheapen educated labor and reduce inequality. Automation widened income ...
This kind of innovation also promises to further income inequality. Working people deserve to have their voices heard in determining how, where, when or whether AI and automation should be used.
The ILO’s World Employment and Social Outlook study (September) has definitively linked declining trends in labour’s income share of total income within nations to technological advances ...
A newly published study co-authored by Acemoglu quantifies the extent to which automation has contributed to income inequality in the U.S., simply by replacing workers with technology — whether ...
This kind of innovation also promises to further income inequality. Working people deserve to have their voices heard in determining how, where, when or whether AI and automation should be used.
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