A vocal group of alarmists worry that the pace of automation—particularly advances in robotics and artificial intelligence—will soon displace human labor to such an extent that many workers will be left with nothing to do. Never mind that generation after generation of technological innovations in industries ranging from textiles to steel to banking have always produced the opposite result: expanding the labor force, not wiping it out. Rob and Jackie delve into the evidence with Dr. James Bessen, executive director of the Technology & Policy Research Initiative (TPRI) at Boston University School of Law and author of Learning by Doing: The Real Connection Between Innovation, Wages and Wealth.

Mentioned:

• James Bessen, Learning by Doing: The Real Connection Between Innovation, Wages and Wealth, (Yale University Press, 2015).
• James Bessen, et al., “Firm-Level Automation: Evidence from the Netherlands,” American Economic Association, AEA Papers and Proceedings, 110: 389-93.
• Robert D. Atkinson, “How G7 Nations Can Support and Prepare for the Next Technology Wave” (ITIF, March 2018).
• Technology & Policy Research Initiative (TPRI), Boston University School of Law.

Related:

• ITIF’s @Work Series: “Employment in the Innovation Economy.”
• Robert D. Atkinson, “Robots, Automation, and Jobs: A Primer for Policymakers” (ITIF, May 2017).
• Robert D. Atkinson, “Robotics and the Future of Production and Work” (ITIF, October 2019).
• Robert D. Atkinson, “How to Reform Worker-Training and Adjustment Policies for an Era of Technological Change” (ITIF, February 2018).