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between robot imports and employment, exogenous changes in automation lead to job losses. We also find that robot imports … result suggests that productivity gains from automation may not be entirely passed on to consumers in the form of lower …
Persistent link: https://www.econbiz.de/10012383713
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...
Persistent link: https://www.econbiz.de/10011646840