‘Technology intensity’ worsens employment outcomes – study
Authors say jobs more likely to be lost in sectors with large prior investments in robotics and IT
Highly automated or digitally advanced sectors with greater “technology intensity” can have worse employment outcomes, economists at the Bank for International Settlements have said.
Their paper, published on March 9, examines the effects of investment in information and communication technology (ICT) and the increased adoption of industrial robotics in the European Union between 1995 and 2020. The authors – Constanza Bosone, Leonardo Gambacorta, Paoloa Giudici, Enisse Kharroubi and Ulf Lewrick
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