top of page

What happens to people when machines replace them in the workplace?

There's an interesting article on the The London School of Economics and Political Science (LSE) blog - What happens to people when machines replace them in the workplace?


The authors delve into the impact of automation on workers, emphasising lesser job loss and wage impact compared to mass layoffs, especially in slow occupational declines where mitigation occurs through retirement or job changes. It reflects a study on Swedish workers, revealing moderate average losses, but significant losses for low earners. The piece also underscores the broader implications such as economic inequality and suggests that strong occupational mobility lessens the negative effects of automation on individual earnings and employment.


https://blogs.lse.ac.uk/businessreview/2023/10/12/what-happens-to-people-when-machines-replace-them-in-the-workplace/

8 views0 comments

Recent Posts

See All

Comments


bottom of page