With U.S. job growth still anemic, some have latched onto the argument that “the robots are taking our jobs.” According to this line of thinking, high productivity driven by increasingly powerful IT-enabled machines is the cause of U.S. labor market problems, and accelerating technological change will only make things worse. The problem is this narrative is completely false. Technology and automation enhances productivity which boosts economic and job growth in the long term. We actually need more technology advancement, not less, if we hope to stay competitive in an increasingly high tech global marketplace.
