Is Automation Labor Share-Displacing? Productivity Growth, Employment, and the Labor Share
Many technological innovations replace workers with machines. But this capital–labor substitution need not reduce aggregate labor demand, because it simultaneously induces four countervail-ing responses: own-industry output effects; cross-industry input–output effects; between-industry shifts; and f...
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
Brookings Institution Press
2020
|
| Online Access: | https://hdl.handle.net/1721.1/124228 |