Faculty News

In an op-ed, Prof. Nouriel Roubini discusses the impact of technology on the labor market

Project Syndicate logo
Excerpt from Project Syndicate -- "Recent technological advances have three biases: They tend to be capital-intensive (thus favoring those who already have financial resources); skill-intensive (thus favoring those who already have a high level of technical proficiency); and labor-saving (thus reducing the total number of unskilled and semi-skilled jobs in the economy). The risk is that robotics and automation will displace workers in blue-collar manufacturing jobs before the dust of the Third Industrial Revolution settles."

Read more

Additional coverage appeared on Bloomberg, Bloomberg Businessweek, CNN, The Huffington Post and Livemint.