The Federal Reserve Board Is Much More Likely to Take Your Job Than a Robot, so Naturally the Media Are Talking About Robots

Today's culprit is National Public Radio. The point here is extremely simple. We know how fast robots and other technologies are replacing workers. In fact the Bureau of Labor Statistics measures it quarterly, it's called "productivity growth."

Productivity growth has actually been very slow in the last decade, as in the opposite of robots stealing out jobs. But hey, why should news outlets be limited by data?

By contrast, if the Fed starts raising interest rates, it can prevent millions of p...