Is the robot trying to take your job?
It all began in 1961 when General Motors introduced Unimate, the first industrial robot. Since the “dawn of the robot,” there has been talk of the American worker being replaced by machines.
“Most economists, cheered by 540,000 hires since Labor Day, say technology inevitably destroys some jobs even as it ultimately creates new ones. But with more than 20 million Americans still jobless or underemployed, others worry that something fundamental has changed,” notes Bloomberg’s Businessweek.
Reporter David Lynch examines the notion that Okun’s Law – the relationship between rising output and rising employment – is broken.