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Disrupted Development and the Future of Inequality in the Age of Automation
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85 Abstract In this chapter, we conclude and identify areas for future research. We stress three points. First, automation is challenging any competitive advantage of low-cost labor of late developers. Second, due to low levels of skills, the labor force in many developing countries is vulnerable to replacement by labor-saving technology. Wage stagna- tion and premature deindustrialization are already unfolding鈥攈owever, unemployment is not (yet) the main problem of technological change. Third, we need to ask different policy and research questions and be concerned about the jobs impact of technology and the political econ- omy of automation rather than just automatability in principle. In that vein, the Lewis model and surplus labor theory could once more help us understand the dynamics of economic development and structural transformation. Keywords Public policy 路 Reserve army 路 Labor surplus 路 Disruption 路 Premature deindustrialization 路 Future research CHAPTER 7 Conclusions 漏 The Author(s) 2020 L. Schlogl and A. Sumner, Disrupted Development and the Future of Inequality in the Age of Automation, Rethinking International Development series, https://doi.org/10.1007/978-3-030-30131-6_7
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Disrupted Development and the Future of Inequality in the Age of Automation
Title
Disrupted Development and the Future of Inequality in the Age of Automation
Authors
Lukas Schlogl
Andy Sumner
Location
Wien
Date
2020
Language
English
License
CC BY 4.0
ISBN
978-3-030-30131-6
Size
15.3 x 21.6 cm
Pages
110
Category
Technik
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Disrupted Development and the Future of Inequality in the Age of Automation