Will Automation Create More Jobs than it Eliminates?
News and Commentary.
On Wednesday, November 3, 2021 at 10:00am ET, Congressman Jim Himes (CT-04), the Chairman of the U.S. House Select Committee on Economic Disparity and Fairness in Growth, held a hearing titled “Our Changing Economy: The Economic Effects of Technological Innovation, Automation and the Future of Work,” to look at the impact that technology like drones, robots, and technology advances in automation and digitization will have on the American economy and workers nationwide. Will automation create jobs, or more unemployment and wage stagnation?
It’s not a new problem, and since Part 107 regularized the commercial use of drones, many opponents to the new advancements like drone delivery, warehousing, inspections, and more have cited job losses as a major concern.
It’s a fair point.
Will automation create new jobs, or create unemployment?
Professor Daron Acemoglu, MIT Institute Professor, points out that job losses due from automation tend to…