the same task may be relatively expert in one occupation and inexpert in another, automation can simultaneously replace … that predicts that changing occupational expertise requirements have countervailing wage and employment effects: automation … that decreases expertise requirements reduces wages but permits the entry of less expert workers; automation that raises …

We propose a sufficient statistic for designing AI information-disclosure and selective automation policies. The … while fully disclosing the AI prediction. Although automation is valuable, the benefit of assisting humans with AI is …

created. In a static version where capital is fixed and technology is exogenous, automation reduces employment and the labor … capital accumulation and the direction of research towards automation and the creation of new tasks. If the long-run rental … rate of capital relative to the wage is sufficiently low, the long-run equilibrium involves automation of all tasks …

control (CNC), an important type of flexible automation which can significantly increase productivity, product variety and …

We provide an argument for long-term automation and decline in the labor income share, driven by capital accumulation … rescaled in the same way. Then ongoing capital accumulation gives rise to progressive automation, and the share of labor income …

changes in particular, automation that displaces workers from tasks they used to perform, and the creation of new tasks that … that automation: (i) powerfully impacts inequality; (ii) can reduce real wages; and (iii) can generate realistic changes in …-level estimates of displacement driven by automation and reinstatement due to new tasks, we show that displacement is associated with …

expand their overall employment as well. However, this expansion comes at the expense of their competitors (as automation …