on the assumption that capital accumulation does not change the technologies being developed and used. I adapt the theory … intuitive conditions and simple examples where a greater capital stock leads to lower wages, because it triggers more automation … extent of automation and the rate of growth of labor-augmenting productivity. In this framework, capital accumulation and …

We show, theoretically and empirically, that the effects of technological change associated with automation and … is that better matches enjoy a comparative advantage in exploiting automation and a comparative disadvantage in … exploiting offshoring. It implies that automation (offshoring) may reduce (raise) employment by lengthening (shortening …