Dec 1, 2018 · We analyze for the first time the economic contributions of modern industrial robots, which are flexible, versatile, and autonomous machines. We use novel panel data on robot adoption within industries in seventeen countries from 1993 to 2007 and new instrumental variables that rely on robots’ comparative advantage in specific tasks.

robots. By paying a fixed cost of adoption, firms can employ robots alongside workers to perform a range of tasks, whose scope varies by industry. Declines in robot prices increase robot adoption, which raises productivity and wages, and decreases output prices. Our main contribution is to study industrial robots empirically, using new data ...

Apr 6, 2015 · We also find that robots increased both wages and total factor productivity. While robots had no significant effect on total hours worked, there is some evidence that they reduced the hours of both low-skilled and middle-skilled workers.

Sep 25, 2024 · Robots can perform tasks that were once the sole domain of humans, leading to both opportunities and challenges in the labor market. Economists approach the question of robots’ impact on jobs by thinking about three broad categories: job displacement, job transformation and job creation.

Jun 6, 2024 · We reassess the relationship between robotization and the growth in labor productivity with more recent data. We discover that the effect of robot density in the growth productivity substantially decreased in the post-2008 period.

Jul 4, 2024 · Artificial Intelligence and robots can be both good and bad as they offer increased efficiency, safety, and precision, but they also raise concerns about job loss, skill gaps, and ethical implications. Step 1. Identify Repetitive and Low-Skill Tasks. Step 2. Implement AI-Powered Tools and Robotics. Step 3. Develop a Transition Plan. Step 4.

3 days ago · The world of automation is evolving rapidly, and collaborative robots (cobots) are leading the charge. Unlike traditional industrial robots that operate in isolation, cobots are designed to work ...

Dec 3, 2024 · In this blog, we explore the growing role of robots and automation in replacing human labor across various industries. From manufacturing and retail to healthcare and transportation, robots are increasingly taking over repetitive tasks, leading to greater efficiency and productivity.

Mar 17, 2025 · The paper, “ The EPOCH of AI: Human-Machine Complementarities at Work ” offers a framework of human-intensive capabilities and a set of metrics to evaluate tasks across all occupations and better understand the effects of AI on the labor market.

3 days ago · Nvidia showcased robots that could work in warehouses, pedal around like “Star Wars” droids and manipulate surgical equipment at its weeklong A.I. conference