How does technological change affect wealth accumulation and inequality of total (i.e. labour and capital) income over time? This paper focuses on automation – a capital intensive form of technological change.
This study uses lab experiments to investigate whether the introduction of a universal basic income leads to lower worker effort and productivity when automation (e.g. by robots) creates unemployment.
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Capitalism doesn't always promote innovation. Lisa Cook explains why the transition to capitalism in Russia in the 1990s did not spark a wave of innovation, documenting actions against African American inventors.