advantage in the most complex tasks relative to capital, and because the wages of the least skilled workers are sufficiently low … relative to their productivity and the effective cost of capital in low-complexity tasks. Minimum wages and other sources of … higher wages at the bottom make interior automation less likely. Starting with interior automation, a reduction in the cost …

their employees’ wages. Within five years of the appointment of a business manager, wages decline by 6% and the labor share … not on differential trends and do not enjoy higher output, investment, or employment growth thereafter. Using manager …

demand, and use it to interpret changes in US employment over the recent past. At the center of our framework is the … slower growth of employment over the last three decades is accounted for by an acceleration in the displacement effect …

This paper studies the effects of automation in economies with labor market distortions that generate worker rents--wages …