Robots taking our jobs

The figures below are from the recent paper Robots and Jobs: Evidence from US Labor Markets, by Acemoglu and Restrepo. VoxEU discussion: … Estimates suggest that an extra robot per 1000 workers reduces the employment to population ratio by 0.18-0.34 percentage points and wages by 0.25-0.5%. This effect is distinct from the impacts of imports, …

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Enlightened Minds in a Darkening Time

It’s been more than a month since I finished reading two very insightful books, Sheldon Wolin’s Democracy Incorporated (2008) and John Ralston Saul’s The Collapse of Globalism. I have been wanting to write about them but have felt mentally paralyzed by fear that I could not possibly provide an adequate synopsis of their depth of …

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Hedgehogs

“The fox knows many things, but the hedgehog knows one big thing.” Isaiah Berlin popularized this aphorism from Archilochus in his discussion of Tolstoy’s philosophy of history. I’m going to borrow from Berlin, but if you want to follow that tangent, you’ll have to fire up Google, because this is the Thornapple blog, where allusions …

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