Economists utilized brand-new approaches to analyze how lots of U.S. jobs have been lost to machine automation, and how numerous have been created as innovation leads to brand-new jobs. Credit: Jose-Luis Olivares, MIT; iStockCombing through 35,000 task classifications in U.S. census information, economists discovered a brand-new way to quantify technologys effects on task loss and creation.This is part 2 of a two-part MIT News feature analyzing new job development in the U.S. given that 1940, based on brand-new research from Ford Professor of Economics David Autor. The research study uses brand-new approaches to analyze how lots of jobs have been lost to maker automation, and how numerous have actually been created through “augmentation,” in which innovation produces brand-new jobs.
Economic experts used brand-new methods to take a look at how lots of U.S. tasks have been lost to machine automation, and how lots of have actually been produced as innovation leads to brand-new tasks. Credit: Jose-Luis Olivares, MIT; iStockCombing through 35,000 task classifications in U.S. census information, economists discovered a new method to measure technologys effects on job loss and creation.This is part 2 of a two-part MIT News feature analyzing brand-new job development in the U.S. given that 1940, based on brand-new research study from Ford Professor of Economics David Autor. The study utilizes brand-new methods to analyze how many jobs have actually been lost to device automation, and how many have actually been created through “augmentation,” in which technology produces new tasks.”The paper, “New Frontiers: The Origins and Content of New Work, 1940-2018,” appears in the Quarterly Journal of Economics.”Reference: “New Frontiers: The Origins and Content of New Work, 1940– 2018” by David Autor, Caroline Chin, Anna Salomons and Bryan Seegmiller, 15 March 2024, The Quarterly Journal of Economics.DOI: 10.1093/ qje/qjae008Support for the research was provided, in part, by The Carnegie Corporation; Google; Instituut Gak; the MIT Work of the Future Task Force; Schmidt Futures; the Smith Richardson Foundation; and the Washington Center for Equitable Growth.