Sharing the Gains of Automation: The Role of Fiscal Policy by Nikolay Gueorguiev and Ryota Nakatani published by IMF/Blog (11/2021).
“Careful calibration of spending and tax policies can reduce inequality caused by automation.
For many observers, automation has been responsible for both strong economic growth and rising inequality in many countries in recent decades. Automation raises productivity, but it can exacerbate inequality. This is because it replaces low-skilled workers and helps owners of capital earn bigger monopoly rents. And with the advent of next-level automation in the form of robots, the challenge is more pressing than ever…”
