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  • Study: Automation drives income inequality | MIT News
    Technology News

    Study: Automation drives income inequality | MIT News

    November 21, 2022 /

    When you use self-checkout machines in supermarkets and drugstores, you are probably not — with all thanks respect — accomplishing a greater career of bagging your buys than checkout clerks when did. Automation just helps make bagging fewer highly-priced for large retail chains. “If you introduce self-checkout kiosks, it is not likely to improve productivity all that a great deal,” suggests MIT economist Daron Acemoglu. However, in phrases of missing wages for workforce, he provides, “It’s likely to have relatively large distributional outcomes, especially for lower-skill assistance employees. It is a labor-shifting system, relatively than a efficiency-rising device.” A newly printed analyze co-authored by Acemoglu quantifies the extent to which…

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    Francis McGee Comments Off on Study: Automation drives income inequality | MIT News

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