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" Workers are basically supervisors of machines. "
David Autor
Machines
Basically
Workers
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" Our machines increasingly do our work for us. Why doesn't this make our labor redundant and our skills obsolete? Why are there still so many jobs? "
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Us
Work
Why
" History has suggested that the pessimists have been wrong time and time again. "
David Autor
Time
Wrong
Again
" The average worker in 2015 wanting to attain the average living standard in 1915 could do so by working just 17 weeks a year, one third of the time. But most people don't choose to do that. They are willing to work hard to harvest the technological bounty that is available to them. Material abundance has never eliminated perceived scarcity. "
David Autor
Work
Harvest
People
" The last 200 years, we've had an incredible amount of automation. We have tractors that do the work that horses and people used to do on farms. We don't dig ditches by hand anymore. We don't pound tools out of wrought iron. We don't do bookkeeping with books! But this has not, in net, reduced the amount of employment. "
David Autor
Automation
Tools
People
" China's rise is really a kind of a world historical event. This is the largest country in the world. It has caused a wholesale substantial contraction of U.S. manufacturing employment. "
David Autor
Rise
Country
World
" I work a lot on skill demands and changes in labor markets having to do with technology and with trade as well. "
David Autor
Technology
Work
Skill
" One would expect that a surge of new automation opportunities in highly paid work would catalyze a surge of corporate investment in computer hardware and software. Instead, the opposite occurred. "
David Autor
Work
New
Opportunities
" Jobs can change a lot without there being huge changes in employment rates. "
David Autor
Changes
Without
Employment
" I had never taken any economics. I literally didn't know what it was. I thought it was just about the study of money. "
David Autor
Study
Money
Thought
" The fact that a task cannot be computerized does not imply that computerization has no effect on that task. On the contrary, tasks that cannot be substituted by computerization are generally complemented by it. This point is as fundamental as it is overlooked. "
David Autor
Overlooked
Task
Fact
" I'm a professor of economics and associate head of the MIT Department of Economics. "
David Autor
Professor
MIT
Economics
" Work is really wrapped up with identity. Work is not just money for most people. "
David Autor
Work
People
Money
" Labor is getting a shrinking slice of a pie that's not growing very much. "
David Autor
Pie
Much
Labor
" Manufacturing value chains are global. Many U.S.-made goods have foreign components. Slapping on tariffs will raise prices and slow imports, but it will make us poorer and impede growth. "
David Autor
Value
Will
Growth
" Computers were programmed to swap out error-prone, inconsistent human calculation with digital perfection. "
David Autor
Human
Perfection
Computers
" There's never been a better time to be a worker with special skills or the right education, because these people can use technology to create and capture value. "
David Autor
Value
Education
Technology
" Workers and jobs are naturally heterogeneous, and the quality of their interaction when paired is difficult to forecast. "
David Autor
Workers
Difficult
Quality
" There was a great sag in employment beginning in 2000. "
David Autor
Employment
Great
Beginning
" I did software development for a while, and I also spent several years directing a nonprofit in San Francisco that did computer education for the poor. I also did a lot of work in fast food. "
David Autor
Food
Education
Work
" The Internet promises to open new channels for worker-firm communications. What are the consequences of this opening? "
David Autor
Internet
Consequences
Promises
" There is no question we are in an era of people asking, 'Is the Robocalypse upon us? "
David Autor
Era
Asking
People
" Tax reform done right will improve incentives to invest in U.S. production and to repatriate profits. "
David Autor
Done
Invest
Right
" Trade may raise GDP. But it does make some people worse off. "
David Autor
Worse
Off
People
" More than any other issue, economists have kind of been boosters for trade. "
David Autor
Any
Kind
Economists
" The fact that people are dropping out of the labour force says one of two things: either employers have no use for them, or they have no use for the jobs that are being offered at the wages they can command. "
David Autor
Fact
Wages
Two
" I'm not yet convinced that we will face an unemployment problem created by AI. There will certainly be some occupations eliminated - drivers of vehicles, many production jobs, etc. Whether this creates mass unemployment depends on how quickly this happens. If it happens overnight, it will be a huge disruption. "
David Autor
Some
Will
Face
" Economists have understood since the Victorian era that the main benefits of trade come from comparative advantage: the idea that people can specialize in what they're good at and then benefit from exchange. The principle is no more mysterious than specialization in the labor market. "
David Autor
Mysterious
People
Trade
" In 1986, the space shuttle Challenger exploded and crashed down to Earth less than two minutes after takeoff. The cause of that crash, it turned out, was an inexpensive rubber O-ring in the booster rocket that had frozen on the launchpad the night before and failed catastrophically moments after takeoff. "
David Autor
Moments
Night
Earth
" While I can't tell you what people are going to do for work 100 years from now, the future doesn't hinge on my imagination. "
David Autor
You
Future
Imagination
" We have too few college graduates. We also have too few people who are prepared for college. "
David Autor
Who
Prepared
People