Do Recessions Accelerate Routine-Biased Technological Change? Evidence From Vacancy Postings
Workers without a college education have been most adversely affected by the advent of routine-biased technology, but the mechanisation of agriculture that characterised this period has also had further detrimental effects on local social and environmental systems.
L'Atelier • Economic opportunities for our avatars | Social Mobility in the Digital Age | L'Atelier
The relationship still exists—more growth is certainly better for job seekers. But its dynamics seem to have changed. After each of the last couple of recessions, considerably fewer jobs were created than would have been expected during the Long Boom years. In the year after the stimulus package was passed in 2009, for instance, GDP was growing
... See moreNate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
One thing that struck me about their core insight - that AI is having a negative impact on AI-exposed occupations - is that it seems a lot like what we’ve seen in prior sectoral crashes.
For instance, construction employment had a nasty contraction after 2006. And employment in younger age categories plummeted even as the employment of older workers
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