What work can robots do today? And what might that imply for the structure of the economy in the years ahead?
New research from @rclegateyang and Maxim Massenkoff out today exploring these questions.
Robotics is advancing, but there are still many steps between where we are today and robot-driven automation.
We hope that our measure will remain a useful tool to identify the jobs most exposed to disruption, and to help the world prepare for potential disruption in a way that supports workers.
Read more here: https://t.co/1Cj3D2Ls2o
6/6
New report with @AnthropicAI: What work can robots do today?
We find that robots extend AI exposure far beyond digital work. Over 80% of working hours in the US are exposed to robots or LLMs, but robots are cost-competitive for just 0.3%.
If robot price declines follow past trends, it will take 40 years to reach 10%. 1/6
Rating exposure over the past 50 years shows how robots have advanced: each year, they have become able to do 2% of the physical work they previously could not.
We also find that robot-exposed jobs saw wages and employment fall compared to other jobs in the same industries. 5/6
Excited to share our new working paper: how much did the US standard of living really rise over the twentieth century — and when? With @bhwittenbrink
Using 5.1 million Sears catalog listings, we build a quality-adjusted price index for consumer goods, 1900–1990. Two headline findings: growth was much larger than official statistics imply, and its peak came before WWII, not after. (1/9)
Comparing the long-run predictive validity of surveys gauging school quality with that of conventional test score value-added models, from @metrics52, @instrumenthull, Russell Legate-Yang, @prof_parag, and @c_r_walt https://t.co/GgvsjNJwzc
Do school quality measures like test scores and survey responses predict long-term student outcomes?
New research by Blueprint Directors @metrics52 and @prof_parag, Affiliates @instrumenthull and @c_r_walt, and RA @rclegateyang explores this question: https://t.co/gUqCYvJakN
Excited to share: I'll begin a PhD @MITEcon this fall. I'm honored to received the @PDSoros Fellowship for New Americans and thrilled to join this community. I also received the @NSF GRF.
Thanks to my mentors and loved ones. Excited for the coming years! https://t.co/CVhmMR90uc
Russell Legate-Yang, AB’22, will pursue a PhD in economics at @MIT as a 2024 @PDSoros Fellow, continuing his research efforts to improve K-12 public school effectiveness. @UChicago_CCRF / @UChicagoAlumni
https://t.co/NlN92P2bzg
🎉 Drumroll, please! Meet the 2024 #PDSoros Fellows!
🗽 Selected from 2,300+ applicants, these 30 exceptional graduate students are changing the game in their respective fields. Click the link to get to know these trailblazers! #ImmigrantExcellence 🎓🎉
https://t.co/xuEgziTmwc