How automation and robotics eat jobs and increase inequality of income and wealth. Even if some workers are better off, they are still disadvantaged in terms of distribution of the surplus. Owners of technology, top management, and highly skilled workers take an increasing share of the pie. But because the pie is also increasing, at least some ordinary workers benefit although not as much.
Occasional Links & Commentary What, them worry? David F. Ruccio | Professor of Economics, University of Notre Dame