The Congressional Budget Office Doesn't Believe Robots Will Take Our Jobs

The elite policy types in the United States are truly extraordinary in their ability to show great concern about completely contradictory possible states of the world. Floyd Norris shows one of the bases for serious hand wringing, higher future budget deficits, as projected by the Congressional Budget Office (CBO) in its latest outlook. Norris points out that the report assumes that the weak economic growth of recent years persists long into the future. (Norris notes CBO has badly erred befor...