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Kiss working class America Good-bye!!!
by T.E.C. - Iowa
May 25, 2017
This all started when I watched a video on the Tesla factory and noticed all of the robots. I knew that in 2013 the study " The Future of Employment: How Susceptible Are Jobs to Computerisation?" had said:

(Quote)

According to our estimate, 47 percent of total US employment is in the high risk category, meaning that associated occupations are potentially automatable over some unspecified number of years, perhaps a decade or two."

(End quote)

Now, the March 2017 study "Robots and Jobs: Evidence from US Labor Markets" says that for each robot introduced about 6 jobs are lost and results in lower wages for the remaining workers.

Technically they said, "one more robot per thousand workers reduces the employment to population ratio by about 0.18-0.34 percentage points and wages by 0.25-0.5 percent." And yes, they accounted for "the impact of imports from China and Mexico, the decline of routine jobs, offshoring, other types of IT capital, and the...See More
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