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The Impact of Automation

Automation is poised to deliver a deep economic disruption lasting decades and taking millions of jobs, according to a recent batch of studies. Axios offers this historical context. “It took about six decades for U.S. wages to recover after the first industrial age automation of the 1810s. And the agriculture-to-industrial shift of the 20th century lasted four decades.” While the economy will eventually rebalance and create new jobs, they may not be good ones: “Wages for most jobs may be too low to sustain a middle-class lifestyle.”

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Sherri Goodman
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Professor Robert Shiller
Robert J. Shiller
Sterling Professor of Economics, Yale University

Ernesto Zedillo
Director, Yale Center for the Study of Globalization, and Professor in the Field of International Economics and Politics, Yale University; Former President of Mexico

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President and Co-Founder, Meehan Combs
Eli Combs
President and Co-Founder, Meehan Combs

James A. Phills
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