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Trade Policy
The job-killing-robot myth
The job-killing-robot myth

Are robots displacing millions of workers? Many people seem to think so. Recently, for instance, the New York Times ran an op-ed claiming that “the machines are getting smarter, and they're coming for more and more jobs.” On Tuesday the Wall Street Journal sounded the alarm that “robots are taking over corporate finance departments.” The story goes that we can look forward to an ever greater problem of unemployment as technological advancement allows machines to replace a growing percentage of the workforce. It's a scary story. But, first of all, it's not new. Second, although robots are “coming for” some jobs, that fact does not explain...

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