Economists find companies’ adoption of robots is partly due to shortages in middle-aged labor. — ScienceDaily

You might think robots and other forms of workplace automation gain traction due to intrinsic advances in technology — that innovations naturally find their way into the economy. But a study co-authored by an MIT professor tells a different story: Robots are more widely adopted where populations become notably older, filling the gaps in an aging industrial work force.

“Demographic change — aging — is one of the most important factors leading to the adoption of robotics and other automation technologies,” says Daron Acemoglu, an MIT economist and co-author of a new paper detailing the results of the study.

The study finds that when it comes to the adoption of robots, aging alone accounts for 35 percent of the variation among countries. Within the U.S., the research shows the same…

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News Source: www.sciencedaily.com

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