We analyze the long-run growth effects of automation in the standard overlap- ping generations framework. We show that …, in contrast to other neoclassical models of capital accumulation, automation does not promote growth but induces economic … stagnation. The reason is that automation suppresses wages, which are the only source of investment in the overlapping …

across U.S. manufacturing establishments. We find that robotics adoption and robot intensity (the number of robots per … we call Robot Hubs, have far more robots than one would expect even after accounting for industry and manufacturing … employment. We characterize these Robot Hubs along several industry, demographic, and institutional dimensions. The presence of …