Advantages and Drawback of Robot Tax
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Get it written →New technologies impact the task content of production mainly through two effects: on the one hand, by taking over tasks previously performed by labour, new machines have a displacement effect. On the other hand, by creating new tasks for labour or new forms of labour, they have a reinstatement effect. Acemoglu and Restrepo (2019) argue that, in the last 30 years, the displacement effect has been larger than the reinstatement effect, leading to a slowdown of productivity growth and labour demand growth. In light of these trends, discuss the potential benefits and drawbacks of imposing a robot tax.
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