Daron Acemoglu is no ally of robotkind. The MIT economist is one of the most prominent advocates of the theory that automation depresses employment and wages, at least for low-skilled workers.
In a 2017 paper, Acemoglu and his Boston University colleague Pascual Restrepo produced a series of maps of "robot exposure" and its economic effects in the United States. The results look awfully similar to maps of the districts that tilted Republican in the last election, with a thick red band stretching through the Rust Belt and the Deep South. As Acemoglu later told The New York Times, "The swing to Republicans between 2008 and 2016 is quite a bit stronger in commuting zones most affected by industrial robots. You don't see much of the impact of robots in prior presidential elections."
In other words, the white, non-college-educated, disproportionately male Americans whose old jobs are now performed by machines were especially likely to embrace Donald Trump's form of economic populism and protectionism.
Read Full Article »