The U-Shape of Automation

As we look ahead, we see these three trends not only accelerating but also evolving. For instance, new research by David Autor and David Dorn has put an interesting twist on the SBTC story. They find that the relationship between skills and wages has recently become U-shaped. In the most recent decade, demand has fallen most for those in the middle of the skill distribution. The highest-skilled workers have done well, but interestingly those with the lowest skills have suffered less than thos...