The next phase of automation is not a distant prospect but a live restructuring of how products are made, buildings are raised, and services are delivered. Across factories, construction sites, ...

Labor market policies shape firms' innovation dynamics. A new study shows for the first time that higher minimum wages for low-skill jobs drive firms to develop automation technologies. Rising wages ...

Does increasing wage pressure encourage automation? Economic theory suggests that it does. Rising wages drive innovation in automation technology as firms seek cost-saving innovations to replace ...