Robots Don't Cost Jobs, Bad Economic Policy Does

The NYT had an interesting piece on how a new generation of robots is able to do far more sophisticated tasks in factories and warehouses than earlier generations of robots. The piece repeatedly warns that this new technology could cost large numbers of jobs.

While one outcome of the introduction of this new technology could be the loss of jobs in the economy, that would be due to inept economic policy. What the article is describing is productivity growth. This is exactly what we should want...