Last Week in AI The Evolving Impact of Robots on Jobs
Sep 19, 2020
In this insightful conversation, Professors Jong Hyun Chung, an expert in international trade, and Yong Suk Lee, a labor economics researcher at Stanford, delve into their research on the impact of robots on jobs. They discuss the surprising shift from initial job losses to recent trends of job creation and wage growth. The duo emphasizes the importance of collaborative robots and the need for supportive policies to navigate the evolving job market, highlighting the potential for both displacement and new opportunities in an increasingly automated world.
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Evolving Impact of Robots
- Robot exposure initially reduced US jobs and wages, especially in the early 2000s.
- However, post-2010, it led to job and wage increases, showing an evolving impact.
Data Sources and Analysis
- Researchers used data from the International Federation of Robotics on robot shipments and US Census and ACS data on employment and wages.
- Combining these datasets allowed them to analyze the impact of robots on jobs across different US industries and regions.
Regional Differences in Robot Impact
- Regions with higher robot exposure initially saw job losses in the 2000s, aligning with previous research.
- However, these same regions experienced job growth relative to less-exposed regions in later years.