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Technological change has two-sided effect, namely displacement and reinstatement of labor. What is the balance between loss of jobs and creation of jobs when the

Technological change has two-sided effect, namely displacement and reinstatement of labor. What is the balance between loss of jobs and creation of jobs when the automation technologies are considered? Acemolu argues that an up-to-date welfare regime should regulate technological progress. Explain and discuss this argument.

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Answer When considering the impact of automation technologies on job creation and job displacement its essential to recognize the dual effects they ha... blur-text-image

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