Faculty News

Prof. Nouriel Roubini discusses the impact of technology on the job market

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Excerpt from Bloomberg -- "In the short run, what's happening is that technological innovation is increasingly capital-intensive, skill-biased and labor saving. So, take the factory of the future... You might have 1000 machines or 1000 robots, one or two workers manning those machines, and a third guy sweeping the floor. And even the guy sweeping the floor right now can be replaced by a Roomba robot who can do it faster and cheaper."

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Additional coverage appeared on Bloomberg Businessweek.