Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer the following question As we saw in chapter 11, labor productivity is a very important indicator for the economy. Many economists argue that

Please answer the following question

As we saw in chapter 11, labor productivity is a very important indicator for the economy. Many economists argue that U.S. workplaces have been, and will continue to be, automated and transformed by information technology (IT) capital (Accemoglu & Restrepo 2018, 2019, 2020). Can you describe those conditions and think how information technology might affect the economy?

Suggested literature

Acemoglu, D., & Restrepo, P. (2020). Robots and jobs: Evidence from US labor markets.Journal of Political Economy,128(6), 2188-2244.

Acemoglu, D., & Restrepo, P. (2019). Automation and new tasks: how technology displaces and reinstates labor.Journal of Economic Perspectives,33(2), 3-30.

Acemoglu, D., & Restrepo, P. (2018).Artificial intelligence, automation and work(No. w24196). National Bureau of Economic Research.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistical Techniques In Business And Economics

Authors: Douglas Lind, William Marchal, Samuel Wathen

14th Edition

0077309421, 978-0077309428

More Books

Students also viewed these Economics questions