Robots and productivity

Krugman says not to blame robots for low wages since productivity is stagnating

Acemoglu says we should worry now since the transition to AI won’t be like the transition from agriculture to industry, productivity will increase, share of labour decrease, salries might decrease

https://www.project-syndicate.org/commentary/ai-automation-labor-productivity-by-daron-acemoglu-and-pascual-restrepo-2019-03

 

Acemoglu again says that taxation favours robots over workers, i.e. ccelerated depreciation of investments in machinery and software in USA put tax on robots at 5% vs tax on humans at 28% https://www.brookings.edu/bpea-articles/does-the-u-s-tax-code-favor-automation/

Screenshot 2020-09-21 at 16.07.20

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