This is what automation could mean for low-wage jobs in the US
New research looks at the impact of automation on low-wage jobs in the US - suggesting that it's likely to be offset by employment growth of similar paying jobs.
Daniel Aaronson is a vice president and director of microeconomic research in the economic research department at the Federal Reserve Bank of Chicago. His research on topics related to labor markets and education has been published in many academic journals and Chicago Fed research publications. He received a Ph.D. in economics from Northwestern University.
New research looks at the impact of automation on low-wage jobs in the US - suggesting that it's likely to be offset by employment growth of similar paying jobs.
The authors say recent research suggesting that minimum wage hikes barely reduce the number of jobs in the short run should be taken with caution.