Resources and Publications

Robots Are Not the Enemy

September 9, 2013
| Blogs & Op-eds

The notion that technology, automation and productivity lead to fewer jobs and higher unemployment is simply wrong. There is no logical relationship between job growth and productivity. From a macro perspective, a nation could have high productivity but if they also have a declining workforce, the employment rate will rise. Or, in a micro example, if a firm uses the profits gained from higher productivity to hire more workers, employment will also increase.