Home Politics Hutchins Roundup – Technology adoption, online education and more

Hutchins Roundup – Technology adoption, online education and more


By Elijah Asdourian, Alexander Conner, Nasiha Salwati, Louise Sheiner

What’s the latest thinking in fiscal and monetary policy? The Hutchins Roundup keeps you informed of the latest research, charts, and speeches. Want to receive the Hutchins Roundup as an email? Sign up here to get it in your inbox every Thursday.

Larger firms more likely to adopt advanced technologies

Using novel data on 300,000 firms from the Census Bureau’s Annual Business Survey over the 2016-2018 period, Daron Acemoglu of MIT and co-authors find that firms that adopt advanced technologies, such as artificial intelligence, robotics, and specialized software, tend to be larger and employ more workers compared to others in their industry. As a result, while only 2%-40% of U.S. firms adopt advanced technologies, they expose 12%-64% of U.S. employees to such technologies. The authors estimate that the use of advanced technologies is associated with 11.4% higher labor productivity and can explain 16%-30% of the labor productivity differences across small and large firms in a given industry. Smaller and older firms are less likely to adopt advanced technologies, likely reflecting the large fixed costs and organizational barriers associated with…

Read more…

Previous articleIf You’re An Creation Beginner, Right here’s How To Embrace The Wonderful Custom
Next articleMusk: Twitter will launch grey and gold checks along with a blue verified mark