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Questions tagged [automation]

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1 answer
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How relevant if the notion "labour productivity" in the era of automation?

I am following the election debates for the European Parliament and time and again there are ideas that labor productivity should be boosted and that is the only way to grow the economy. But how ...
0 votes
1 answer
83 views

How would you measure automation or technological development?

Hello dear Economists, I am a Political Science Masters student and now I have this paper due 10 days. It is only a paper so I should not model something too complex and also I obviously lack the ...
1 vote
1 answer
121 views

The relation between productivity and prices

I apologize if this is a stupid question, I am new/ an amateur in this field. I am wondering, in what way productivity and wages are actually related. If all labor was physical and I invented a pill ...
0 votes
0 answers
32 views

How can high automation dependence and abundance in energy affect salaries?

Let's assume that we could find a very cheap source of energy that the cost of energy drops to say 1% of its current value. And let's also assume that automation and robots advanced to a level at ...
0 votes
0 answers
47 views

Alternative to Investing.com

Do you know of any alternative to Investing.com that allows me to get historical data by editing the URL? What I mean is that in Investing.com in the historical data page I get the form data retrieved ...
1 vote
1 answer
98 views

Is there sound economic reasoning behind the assertion that automation will not lead to mass unemployment?

Many people are optimistic that for every job eliminated by automation, new jobs will be created so that people will always find work that pays them a reasonable wage. Is there sound economic ...
2 votes
0 answers
220 views

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, ...
1 vote
1 answer
396 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 ...
-1 votes
1 answer
33 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 ...
0 votes
0 answers
53 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 ...
1 vote
2 answers
137 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 ...
2 votes
0 answers
32 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 ...
9 votes
2 answers
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 ...
-3 votes
1 answer
70 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 ...
3 votes
2 answers
190 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 ...
2 votes
0 answers
63 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 ...