Investment spending in manufacturing and in the rest of the economy has been lagging benchmark indicators such as output, GDP, and cash flows since the end of the dot-com bubble. Lagging investment is a puzzle economists are attempting to unravel; one explanation is the impact of increased uncert
Growth & Innovation, Strategic Planning, Strategy Development
At this still early stage, economic modeling and econometric evidence suggest that robots can have a positive and significant impact on productivity and growth. Concerns about labor market impacts should be centered on a skill bias, whereby robots negatively affect lower-skilled workers. Public investment in preparing the workforce for advancing automation will optimize domestic welfare and global competitiveness.