Productivity

New technologies are poised to automate everything from infrastructure to traditionally human jobs. Some may fear a coming robot takeover, but as Daniel Castro writes for Government Technology, the real problem is that automation isn't happening fast enough.
Productivity
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January 21, 2020
By the end of the Cold War, West Germany’s productivity was 3.6 times larger than East Germany’s. Utilizing the complete set of industrial information provided to East Germany between 1970 and 1989 by informants in West Germany, researchers have estimated that East Germany’s productivity would have been 10.3 percent lower in 1989 without this espionage.
December 2, 2019
New technologies are poised to automate everything from infrastructure to traditionally human jobs. Some may fear a coming robot takeover, but as Daniel Castro writes for Government Technology, the real problem is that automation isn't happening fast enough.
December 2, 2019
Automation boosts labor productivity, which is key to long-run economic growth. A new study examines the impact of automation on labor productivity in nine manufacturing industries across 12 European countries from 1995 to 2005, comparing the number of robots in use in an industry with the amount it invests in non-ICT capital.
November 12, 2019
Contrary to common belief, enterprise automation is not a cause for alarm, but instead a societal imperative. Modern nations will need all the productivity they can get to address today’s ever-more-resource-constrained challenges.
October 28, 2019
The U.S. economy has polarized since 1980, with widening gaps between high- and low-skilled wages driving increased inequality. One study has provided a partial explanation for this trend, identifying that sectors with high “income elasticity” (where demand is more sensitive to changes in income) are more likely to employ both high- and low-skilled workers, but less likely to employ medium-skilled workers.
September 23, 2019
Discussions about job losses from automation tend to assume that innovation will overwhelmingly displace low-skill workers. But this view is misguided because it fails to recognize that low-skill jobs are the least profitable for companies to make obsolete.
September 16, 2019
There is much to do to restore the promise of the American dream for U.S. workers. Attacking tech companies might feel good, and even excite some in the progressive base, but it won’t get the job done.
September 12, 2019
The federal government should significantly increase spending on research and development that specifically targets technologies likely to boost productivity in order to spur growth and reduce the budget deficit.
July 29, 2019
Perhaps the most important step developing nations need to take is throw lump-of-labor thinking overboard and embrace productivity growth, including from technology like self-service gas stations.
July 25, 2019
As Rob Atkinson writes in National Review, increasing productivity cuts costs, which are passed on to consumers and workers through lower prices and higher wages.

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