Questions tagged [automation]

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Capital accumulation equation in steady-state (OLG model)

So I was given a question to derive the equation for aggregate capital accumulation. $K_{t+1}$, and explain if the economy has a stationary steady-state with zero growth. The model is as follows, ...
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1answer
181 views

Can machines create value?

Marx wrote that only humans can create value. But why is that so? Ok humans can, with their work, create more value than they need to consume in food and so on, that's obvious. But why is this so ...
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1answer
27 views

In-ovo chick sexing vs. unemployment [closed]

As they report in Wikipedia, daily 7 million male chicks are killed for economic reasons. What I did not know is that obviously the actual separation, sexing is done manually? Instrument or machine ...
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0answers
36 views

How to deal with automation?

50-year-old truck drivers can't retrain to become programmists or anything (on a large scale, at least): plainly biologically, their old brains are way worse at absorbing new information and get new ...
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2answers
62 views

How to estimate Robot density in a country?

I'm writing a thesis where a key element is the degree of automation (for Switzerland) through time. I was counting on the IFR to get those data but I need to pay 2000k to get them... Does anyone ...
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0answers
22 views

Linking creeping inflation to industrial revolution

The russian wiki on price revolution says Ползучая инфляция стала тем стимулом, который привёл в конечном итоге к промышленной революции, which translates to in the end result, the creeping inflation ...
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2answers
5k views

Does recycling lead to fewer jobs?

Say I buy a glass bottle, I can either put it in the landfill or recycle it. My understanding is, glass will breakdown into sand. (Not sure how well though, since we sometimes find glass from Roman ...
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1answer
62 views

Is solving unemployment impossible?

Supposing that there in island. The island is barren except for a machine that makes food. Let us suppose that people want for nothing else. At first the machine requires the whole population to ...
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2answers
159 views

Why is there so little automation at McDonald's?

I'm currently at a McDonald's in Norway (so, not a country where labour is dirt cheap, even for relatively unqualified jobs), and I'm struck by how manual every process is, from cooking the meat to ...
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0answers
49 views

Has any research found that automation will decrease inequality?

A paper by IMF researchers (but not an official position of the IMF) has found that automation will lead to higher inequality under all scenarios they considered. Even in the scenario where robots ...