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If imports from China and other poor countries compete with more-skilled American workers, they may displace workers but will not widen wage inequality.Given the lack of fine-grained statistics, none of these studies settles the debate.
Mr. Valiotis's daughter, Sophia, the on-site building coordinator for the project, said, "I can't tell you that we didn't displace workers, but we offset that by hiring workers".
Especially after the recent recession, people are concerned that technological progress is moving at a pace that will soon permit machines to put wide swaths of the human population out of work, and not just displace workers from one industry to another.
It will enable employers to automate more tasks and displace workers, and economists predict that some low-wage jobs will be among the first to be eliminated, possibly increasing economic inequality.
If we look back through the history of technology, we see that big advances in technological capabilities do tend to displace workers initially.
The risk is that robotics and automation will displace workers in blue-collar manufacturing jobs before the dust of the Third Industrial Revolution settles.
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Column 1 shows that the employment probability of displaced older workers with long tenures is especially low in the first year after displacement: about 9 percentage point lower than for older displaced workers with short tenures.
Fig. 1 a d Descriptive statistics for displaced workers and controls, by age group (month 0 = displacement).
The wage dip before displacement amounts to about 1 percentage points for both prime-age and older displaced workers.
Many displaced workers have obsolete skills.
Meanwhile, they must compete with those displaced workers for jobs.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com