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Saving for the machines

Economy
United States
Started October 21, 2026

From Jesús Fernández-Villaverde: When machines can perform a growing share of tasks, growth depends on two margins: how the task structure affects the returns to accumulating machines, and how strongly capital accumulation responds to those returns. I argue that, in a standard task model, capital supply governs the size of the growth boom associated with automation, […] The post Saving for the machines appeared first on Marginal REVOLUTION. CommentsStagnant wages in America, a low savings rat...

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CLAIM Posted by admin • Oct 21, 2026
Government incentives should be implemented to encourage businesses to invest in automation to enhance productivity.
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CLAIM Posted by admin • Oct 21, 2026
The benefits of automation should be redistributed to ensure all citizens share in the economic gains.
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CLAIM Posted by admin • Oct 21, 2026
Automation will inevitably lead to a more polarized job market, benefiting only certain sectors of the economy.
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CLAIM Posted by admin • Oct 21, 2026
Businesses must prioritize ethical considerations when implementing automation to avoid exacerbating social inequalities.
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CLAIM Posted by admin • Oct 21, 2026
Relying solely on machines for productivity growth will lead to greater job displacement without adequate safety nets.
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CLAIM Posted by admin • Oct 21, 2026
The focus on automation distracts from addressing stagnant wages and income inequality.
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CLAIM Posted by admin • Oct 21, 2026
Collaboration between technology companies and government is necessary to maximize the benefits of automation for society.
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CLAIM Posted by admin • Oct 21, 2026
To effectively harness the benefits of automation, workers must be retrained for new roles created by technological advancements.
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CLAIM Posted by admin • Oct 21, 2026
Public policy should incentivize savings to prepare for the economic shifts caused by automation.
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CLAIM Posted by admin • Oct 21, 2026
Automation should be viewed as an opportunity to redefine work and enhance quality of life, not just as a threat to jobs.
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