Long-term growth and persistence with obsolescence

From Immigrants to Robots: The Changing Locus of Substitutes for Workers

“…Absent information on the rate of depreciation of robots and on the rate of appreciation of robot efficacy over time, we calculated the i m p r o v i n g e m p l o y m e n t a n d e a r n i n g s r s f : t h e r u s s e l l s a g e f o u n d a t i o n j o u r n a l o f t h e s o c i a l s c i e n c e s 8. Ilaski Barañano and Diego Romero-Ávila (2015) provide some macroeconomic evidence of a positive relation between growth and depreciation. John Fisher and Robert Pry (1971) effects of robots under the simplifying neutrality assumption that the rate of depreciation and rate of appreciation roughly balance each other out.…”