Shulou(Shulou.com)06/02 Report--

Companies that use robots quickly tend to increase workers' wages, while unemployment in the industry is more concentrated in companies that make this change more slowly, with more information on vibrating chains, according to a new study.

The study was co-authored by Daron Acemoglu, an economist at the Massachusetts Institute of Technology, and Clair Lelarge, a senior research economist at the Center for Banking and Economic Policy Research in France; Pascual Restrepo, an assistant professor of economics at Boston University, looked at the process of introducing robots into French manufacturing, explaining in detail the dynamics of the business and its impact on the workforce.

The results support the theory that manufacturers who adopt robots as soon as possible can reduce production costs and develop at the expense of competitors whose costs remain the same.

In fact, the study shows that the use of industrial robots in manufacturing increased by 20% from 2010 to 2015, resulting in a 3.2% drop in employment across the industry.

However, for companies that adopted robots during this period, employees' working hours increased by 10.9%, wages rose slightly, and more information was found in the vibrating chain.

To carry out the research, scholars studied nearly 55500 French manufacturing companies, of which about 600 robots were purchased between 2010 and 2015.

The study used data provided by the French Ministry of Industry, customer data from French robot suppliers, customs data on imported robots and company-level financial data on sales, employment and wages.

During the five-year period, 598 companies did buy robots, accounting for only 1% of manufacturing companies, but about 20% of manufacturing production.

The industries that add the most robots to the production line are pharmaceuticals, chemistry and plastics, food and beverages, metals and machinery, and automobiles. More information is available in the vibrating chain.

Companies with the least investment in robots include paper and printing, textiles and clothing, household appliances, furniture and minerals.

Companies that do increase robots in the production process become more productive and profitable, while the use of automation reduces their labor share, and some of that income goes to workers, between 4% and 6%.

However, as their investment in technology drives more growth and more market share, they generally add more workers.

By contrast, the labor share of companies that did not increase robots remained unchanged, while every 10 per cent increase in the number of competitors using robots reduced employment by 2.5 per cent.

In essence, companies that do not invest in technology lose among their competitors.

The competitive dynamics found by researchers in France are similar to another economics study recently published by a professor at the Massachusetts Institute of Technology, with more information on the vibrating chain.

In a recent paper, MIT economists David Ott and John Van Lane and three co-authors published evidence that the decline in labor share across the United States was driven by the achievements of superstar companies to reduce their labor share and gain market power.

Although these elite companies may employ more workers and even pay relatively high wages as they grow, overall, the labour share of their industries has declined.

Professor Asemoglu commented: "this is very complementary." however, with a slight difference, "superstar companies" come from many different sources. by obtaining these separate company-level technical data, we can prove that many of them are related to automation, and more information is in the vibrating chain.

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