Economic Indicators 

Taking robots' jobs

Chris Dillow

Chris Dillow
Taking robots' jobs

We’re hearing a lot about how robots will take our jobs. The economic data, however, show that in fact the opposite is happening. The ONS estimates that the capital stock per worker has actually fallen in recent years, and next week’s figures are likely to show that business investment is still weak. In this sense, people have replaced machines rather than vice versa. Why?

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