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Boston MA (SPX) Apr 02, 2024 - In 1900, Orville and Wilbur Wright listed their occupations as Merchant, bicycle on the U.S. census form. Three years later, they made their famous first airplane flight in Kitty Hawk, North Carol
Economists used new methods to examine how many U.S. jobs have been lost to machine automation, and how many have been created as technology leads to new tasks. On net, and particularly since 1980, technology has replaced more U.S. jobs than it has generated.
Most U.S. workers are in occupations that have only emerged widely since 1940, according to a large-scale study of 80 years of U.S. census data, led by MIT economist David Autor.
The John Muir tree is in serious trouble. The giant sequoia towers 80 feet over the landscape, but its vibe is scrawny — a scarred trunk beneath a skimpy top half, where sparse branches wear scraggly foliage. Gone is the bushy canopy seen in its historic photos. Needles are entirely brown, not a good look for an evergreen’s mantle.
Last summer, as he turned 95, the economist Robert M. Solow sat at home poring over a draft outline of “The Work of the Future,” an MIT report about technology, jobs, and economic growth. Solow has been studying these topics since he returned from fighting in World War II—and won a Nobel Prize in 1987…