Robot robot does not eat dog The IMF assessed the impact of automation on the labor market. Automation is good for growth and bad for equality, said in a working paper of the International monetary Fund (IMF). Increased productivity due to robots in the short term leads to falling wages and a rising return on capital, both conventional and robotic assets. Further capital accumulation increases labor demand and leads to long-term real income growth, but this process may take more than half a century, and the peaceful coexistence of robots and humans should not wait, warns the IMF. The IMF decided to perform short-term and long-term impact of robotics on output growth and income distribution. The study’s authors, Andrew Berg, Edward Buffy and Luis Felipe Zanna, I think robots are a special kind of capital, different from the traditional interchangeability with human labor. Unlike the neoclassical model in which the
