Acemoglu, Daron

Economists Pin More Blame on Tech for Rising Inequality

Yet the technological shift evolved as growth in postsecondary education slowed and companies began spending less on training their workers. “When technology, education and training move together, you get shared prosperity,” said Lawrence Katz, a labor economist at Harvard. “Otherwise, you don’t.” Increasing international trade tended to encourage companies to adopt automation strategies. For example, […]