Question
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.
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