Toil and Technology: Innovative Technology is Displacing Workers to New Jobs Rather Than Replacing Them Entirely
Document Type
Article
Publication Date
2-27-2015
ISSN
0015-1947
Publisher
International Monetary Fund
Language
en-US
Abstract
At the Quiet Logistics distribution center north of Boston in the United States, a robot lifts a shelf and transports it through the warehouse to a workstation. There, an employee picks an item from the shelf and places it in a shipping box. Each robot in the distribution center does the work of one and a half humans.
Robots and other technologies are transforming supply chains, tracking items from source to consumer, minimizing shipping time and cost, automating clerical tasks, and more. But are they eliminating the need for human workers, leading to persistent technological unemployment?
Recommended Citation
James Bessen,
Toil and Technology: Innovative Technology is Displacing Workers to New Jobs Rather Than Replacing Them Entirely
,
in
52
Finance & Development
16
(2015).
Available at:
https://doi.org/https://doi.org/10.5089/9781498351942.022
