Liveblogging: The Anglo-Saxon Chronicle: Origins of Wessex

Adopting robots may cost jobs, but not adopting robots appears to cost many more jobs: Wolfgang Dauth, Sebastian Findeisen, Jens Südekum, and Nicole Woessner: Robots and Firms: "Our study is based on firm-level data from Spain, a country with one of the highest robot density levels per worker in Europe. The data come from the Encuesta Sobre Estrategias Empresariales (ESEE), an annual survey of around 1,900 Spanish manufacturing firms.... We reveal significant job losses in non-adopting firms. Our estimates imply that 10% of jobs in non-adopting firms are destroyed when the share of sales attributable to robot-using firms in their industries increases from zero to one half. The same logic applies to changes in output and survival probabilities.... Aggregate productivity gains are partly driven by substantial intra-industry reallocation of market shares and resources following a more widespread diffusion of robot technology, and a polarization between high-productivity robot adopters and low-productivity non-adopters...