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We offer an integrated explanation and empirical analysis of the polarization of U.S. employment and wages between 1980 and 2005, and the concurrent growth of low skill service occupations. We attribute polarization to the interaction between consumer preferences, which favor variety over...
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), Chinese import competition and automation to study the drivers of this labor market polarization. Using value added trade data … their exposure to automation. GVCs lead to an increase in the employment share of relatively high-wage occupations (which we … but to a lesser extent than automation …
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Artificial Intelligence (AI) is rapidly developing together with automation and robotics technologies which are at … worldwide. Multiple industries are introducing automation to drive their efficiency, profitability, protection, and … competitiveness, ranging from banking to manufacturing. Therefore, in a super dynamic ecosystem, automation is here to support …
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This paper studies the effects of automation in economies with labor market distortions that generate worker rents …--wages above opportunity cost--in some jobs. We show that automation targets high-rent tasks, dissipating rents and amplifying wage … losses from automation. It also reduces within-group wage dispersion for exposed groups. Automation-driven rent dissipation …
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