Robots have radically changed the demand for skills and the role of workers in production. This phenomenon has replaced routine and mostly physical work of blue collar workers, but it has also created positive employment spillovers in other occupations and sectors that require more social...

The aggregate labor share in U.S. manufacturing declined dramatically over the last three decades: Since the mid-1980's, the compensation for labor declined from 67% to 47% of value added which is unseen in any other sector of the U.S. economy. The labor share of the typical U.S. manufacturing...