The impact on employment, unemployment and wages

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Chapter 5 in The Robot Revolution, 2019, pp 63-86 from Edward Elgar Publishing

Abstract: This chapter reviews the theoretical literature of the impact of robots on employment, unemployment and wages. In doing so it presents a new diagrammatic analysis of the impact on the labour market. The empirical work is based on Eurobarometer data. The results found that many believe robots steal jobs, but fewer perceive robots have the ability to do their jobs. We also find that in areas with a large degree of robotisation people are less likely to be unemployed and more likely to be prosperous. There is little evidence of the effects to change with the individual’s level of education. However, the reverse side of these results are that regions with low levels of robotisation do suffer from higher unemployment and lower prosperity. Hence the results are consistent with robots causing unemployment not in the region they are located but in other regions.

Keywords: Economics and Finance; Innovations and Technology; Social Policy and Sociology (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (3)

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