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

1 Faculty News December 31, 2014 ![Project Syndicate logo](/sites/default/files/styles/246w/public/assets/images/con_030500.jpg?itok=ONV7lJ6H)>

Excerpt from [Project Syndicate](http://www.project-syndicate.org/commentary/technology-labor-automation-robotics-by-nouriel-roubini-2014-12) -- "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](http://www.project-syndicate.org/commentary/technology-labor-automation-robotics-by-nouriel-roubini-2014-12)

Additional coverage appeared on [Bloomberg](http://www.bloomberg.com/video/nouriel-roubini-where-will-all-the-workers-go-mbXvG5S9SWmFfsvQzFhFLw.html), [Bloomberg Businessweek](http://www.businessweek.com/videos/2015-01-02/nouriel-roubini-where-will-all-the-workers-go), [CNN](http://www.cnn.com/2015/01/06/us/fareed-reading/), [The Huffington Post](http://www.huffingtonpost.com/nouriel-roubini/digital-economy-jobs_b_6414046.html) and [Livemint](http://www.livemint.com/Opinion/jcUvbPuAEeK7Ol9LO2Kq7J/Where-will-all-the-workers-go.html).