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The Future of Work: Are the robots coming for the white collar worker?


The Future of Work: Are the robots coming for the white collar worker?
In the second part of our Future of Work series, we look at how automation could change everything for the middle class employee
26 April 2021 • 5:00am
About half of all the activities people are paid to do in the world’s workforce could potentially be automated
Credit: iLexx/Getty Images 
In America, Walmart has just announced it is building warehouses run by robots. “The technology is impressive,” the superstore boasts. “Equally impressive are the results.”
In Britain, your Ocado shop is already sorted by machines equipped with an astonishing array of grabbers, ready to pluck and pack everything from bananas to frozen food.  ....

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COVID-19 in the Americas: North-South differences and the labour market channel


Eduardo Levy Yeyati, Samuel Pienknagura
In 2020, GDP in Latin America and the Caribbean (LAC) is expected to contract by 8.1% compared to only 4.3% in the US. Relative to pre-pandemic expectations, downward revisions to growth in 2020 has been 3.5 percentage points higher in LAC than in the US. And this divergence is likely to endure: according to the IMF, “most countries [in LAC] will not go back to pre-pandemic GDP until 2023, and real income per capita until 2025,” whereas the US is expected to recover fully by 2022. 
What is behind the asymmetric consequences of COVID-19? 
Whereas differences in access to international capital and fiscal space may have played a part, most of the short-lived spike in Latin American sovereign spreads was offset by the flattening of international interest rates and rapidly reversed, with a neutral net effect in financing costs (Levy Yeyati and Valdés 2020). Instead, the nature of the labour market can help explain North-South d ....

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