Tag: Robert Seamans

AI and the Economy

Robert Seamans and Jason Furman

Is artificial intelligence (AI) having a large effect on the economy?  A variety of statistics—including robotics shipments, AI startups, and patent counts—show a large increase in AI-related activity.  AI and robotics also have the potential to increase productivity growth but may cause labor market upheaval. This paper explores some strategies and policies for dealing with this upheaval.

Value Migration and Industry 4.0: Theory, Field Evidence, and Propositions

Susan Helper, Raphael Martins, Robert Seamans

This paper offers several predictions about how Industry 4.0 – the coordinated use of robots, sensors, AI, and other digitally-enabled technologies in manufacturing – will affect which firms and occupations capture value in manufacturing. Using in-depth interviews with manufacturers that are part of the automotive value chain, the authors find that value migration within firms likely affects whether and how value migration occurs across firms.