If the Machines Are Taking our Jobs, They Are Hiding It from the Bureau of Labor Statistics

The NYT gave us yet another account of how the machines are taking our jobs. This one carries the warning that they are taking the jobs of highly educated workers as well, not just less-educated workers. This story apparently carries lot of appeal among elite types (i.e. people who write for the NYT) even if it has little basis in reality.

We have a very good way to measure the extent to which machines are taking our jobs. It's called "productivity growth." It means the extent to which we can...

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Published on April 19, 2015 03:21
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