Houston Chronicle | June 19, 2013
Robots are stealing your bonus and stifling your salary, according to a research paper.
University of Chicago professors Loukas Karabarbounis and Brent Neiman found the global labor share, or the ratio of employee compensation to gross domestic product, has been on a steady decline since the 1980s.
The reason — at least in part — is robots and cheaper technology, researchers believe.
Those technological advancements are allowing companies to become more streamlined without the use of expensive and inefficient employees. The trend is most prevalent in highly efficient industries such as transportation, manufacturing and utilities.