Despite the claims of many Luddites, automation and technology promote business development and international competitiveness, raising employment in the long run. To create the right economic policy framework, we need to overcome the simplistic fears of robots stealing our jobs and focus on the broader needs of an innovation and technology based economy.
Decoupling Revisited: Who is Reaping the Benefits of Economic Growth?
A new economics paper examines how incomes have changed in the past 40 years, finding that growth has benefited everyone. Some have benefited more than others, however, and much of the benefits have ended up paying for more expensive healthcare plans.