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Previous research has predicted that technological progress will cause widespread unemployment by replacing human laborers with machines, while other more recent analyses stress that automation may lead to disruptions for some occupations but finds widespread destruction of jobs unlikely. This analysis examines automation’s potential risk to North Carolina’s labor market, finding that automation will disrupt employment in some occupations but machines are unlikely to replace large segments of human labor.
Does timing matter for college graduates entering the workforce? Beginning a career during an economic downturn can have long-term wage implications for graduates in the form of “recession scarring.” We find evidence wage scarring effects disappear over time and appear minimal for the class of 2020 due to tight labor market conditions.