Computers reshaping global job market, for better and worse: paper

(Reuters) - Automation and increasingly sophisticated computers have boosted demand for both highly educated and low-skilled workers around the globe, while eroding demand for middle-skilled jobs, according to research to be presented to global central bankers on Friday. "(W)hile computerization has strongly contributed to employment polarization, we would not generally expect these employment changes to culminate in wage polarization except in tight labor markets," Autor wrote. Any long-term strategy to take advantage of advances in computers should rely heavily on investments in human capital to produce "skills that are complemented rather than substituted by technology," he said. Recounting the long history of laborers vilifying technological advances, Autor argues that most such narratives underestimate the fact that computers often complement rather than replace the jobs of higher-skilled workers.

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