Why Krugman isn’t quite right on Education & the Rise of Robots
In a recent post on the Rise of Robots, Krugman argues that growing capital-biased technical change undermines the need for better education: If this is the wave of the future, it makes nonsense of...
View ArticleHow Much Do Wages Go Up When Profit Increases by a Dollar?
Given the interest in the rise of robots, shrinking labor shares and the owners of capital, I thought I’d highlight a Van Reenen paper that David Card suggested we read on the link between firm...
View ArticleQuick Takes on Robots, Disability Insurance, Debt Ceiling, & Charts to inform...
1. I still don’t understand why Krugman thinks the invention of “doers” will be bad for high skilled workers. Here’s my reasoning. 2. Ed Glaeser “2013 Is the Year to Go to Work, Not Go on Disability”...
View ArticleTwo interesting posts from Noah Smith
1. Rise of cyborgs 2. What do econ blog audiences like to read?
View ArticleLarry Summers on Economic Possibilities for Our Children – Robots,...
I came across the lecture Larry Summers gave on the future of the next generation in which he talks about the rise of robots, inequality, government spending and many other interesting issues. Very...
View ArticlePolicy Implications of the Rise of Robots
After the forum that I posted about yesterday, there was a Q&A with Larry Summers. I asked him about the policy implications of living in a world of “Doers” and whether that should change how we...
View ArticleTechnological Change through History: the View from 30,000 feet
Brad Delong has a an outstanding post on technological change. He categorizes how people add value and shows how technological change alters these categories. It’s interesting to think about his post...
View ArticleInequality and Technological Change: The Skill Complementarity of Broadband...
A very interesting paper from Anders Akerman, Ingvil Gaarder, Magne Mogstad: Does adoption of broadband internet in firms enhance labor productivity and increase wages? And is this technological change...
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