Polit.ru (Russia):
Technological progress is a devourer of jobs?
3 December 2017
An important study on panel data for 14 branches of seventeen countries for the period 1993-2007. was recently carried out by G. Graetz and G. Michaels (Graetz, Michaels, 2015). They demonstrated that at the sectoral level, the use of robots sharply increases the growth rate of added value (moving from the lower to the upper decile in terms of robotization provides 0.37 percentage points of its additional growth annually), as well as the growth rates of labor productivity and wages, but It does not adversely affect the number of hours worked.