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We all know, or at least suspect, that robots are taking people’s jobs, but new research shows the dramatic degree to which industrial robots are replacing human workers and forcing down wages. Each additional robot in the US economy reduces employment by 5.6 workers, and every robot that is added to the workforce per 1,000 human workers causes wages to drop by as much as 0.25 to 0.5 percent. Such are the conclusions reached by MIT’s Daron Acemoglu and Boston University’s Pascual Restrepo, who published their findings at the National Bureau of Economic Research. No doubt, robots are having a transformative effect on the labor market in the US and elsewhere, and it’s a trend that’s likely to continue. This form of automation could soon be joined by another driver of technological unemployme
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