Labor-saving and labor-augmenting technological changes have different economic impacts
Economic and technological literature supports the premise that labor-saving and labor-augmenting technological changes generate distinct economic outcomes regarding factor shares, wages, and employment dynamics.
The retrieved literature contains direct theoretical and empirical studies (such as Acemoglu 2003 and related work on skill-biased technology) examining how different forms of technological change uniquely alter factor shares, labor demand, and transitional economic dynamics. No papers refute the claim.
Holger Gorg, Eric Strobl. Relative Wages, Openness and Skill-Biased Technological Change. 2002. https://doi.org/10.2139/ssrn.341521
Paper [0] illustrates how skill-biased technological change alters relative demand and wages for specific types of labor.
See more details
Daron Acemoglu. Labor- and Capital-Augmenting Technical Change. 2003. https://doi.org/10.2139/ssrn.372820
Paper [11] formally analyzes and distinguishes the different economic impacts and transitional dynamics of labor- and capital-augmenting technical changes.
The paper trail · every fact has a biography
Challenge the receipt
Citation formatting by citeproc-js (Frank Bennett) and the Citation Style Language project. Source and licenses.
Terms · Privacy · How verdicts work · Dispute this receipt