Automation and the Future of Work
Abstract: There are numerous reports that highlight potential effects that new technology will have on the U.S. labor market, and many of them are not exactly what you would expect. For example, with the advent of the internet and ubiquity of spreadsheets in the 1980s, analyst employment soared. The new technology unlocked latent demand for more analysis that had been simply too expensive before the new communication and productivity technologies became common. The need for more analysis led to more analysts…even though there were new technologies that made the work more efficient or productive.
JEL Classification: J21;
File(s): File format is text/html https://www.frbatlanta.org/cweo/workforce-currents/2019/03-automation-and-the-future-of-work-2019-03-27.aspx
Provider: Federal Reserve Bank of Atlanta
Part of Series: Workforce Currents
Publication Date: 2019-03-27