Automation is understood to be the latest substitution out of low-individual value getting person development really worth
Following Acemoglu and Restrepo (2019), we establish automation given that “invention and you will adoption of the latest tech that allow financing getting substituted for labor in the a selection of jobs” (p.3).
Said otherwise, it relates to people instance where investment replaces labor since sourced elements of value regarding the strings off creation. The production of worthwhile or service can be described as the latest abilities of specific jobs, all of and that, theoretically-regardless of if dine app perhaps not fact-can be executed from the a human or something otherwise-eg a great calculator, computer, algorithm, or host.
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