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by lkrubner
3715 days ago
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Tyler Cowen writes: "You sometimes hear there is no evidence of automation putting people out of work, but arguably the automation of manufacturing, plus IT-enabled foreign competition, are significant factors behind this trend." See the graph here: http://marginalrevolution.com/marginalrevolution/2016/02/the... Male participation in the wage economy peaked right before the recession of 1958. We have now seen 57 years of decline. Women's participation in the economy peaked in the late 90s. How many decades of decline would you need to see before you feel you seeing a crisis? |
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