# Pascual Restrepo

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Interview: Pascual Restrepo on Automation, Artificial Intelligence, and Inequality

Pascual Restrepo is a leading scholar studying automation, technology, and inequality. Along with Daron Acemoglu, he has co-authored some of the most impactful studies that attempt to understand the relationship between technological shocks and economic inequality 

Compelling new evidence that robots are taking jobs and cutting wages

In his final speech as US president, Barack Obama warned of the “relentless pace of automation that makes a lot of good, middle-class jobs obsolete.” Bill Gates, co-founder of Microsoft, has said that governments will need to tax robots to replace forgone revenue when human workers lose their jobs.…

When the Robots Take Your Job

Note:Economists typically think that labor and capital are complementary - more of the one makes the other more productive. But there’s a flourishing literature that looks at the consequences of capital that replaces, rather than augments, human workers. In this post, I want to talk about a very si…

Robots for the retired?

In this episode of Justified Posteriors, we examine the paper "Demographics and Automation" by economists Daron Acemoglu and Pascual Restrepo. The central hypothesis of this paper is that aging societies, facing a scarcity of middle-aged labor for physical production tasks, are more likely to inves…

Will Super-Intelligence's Opportunity Costs Save Human Labor?

In this episode, Seth Benzell and Andrey Fradkin read “We Won’t Be Missed: Work and Growth in the AGI World” by Pascual Restrepo (Yale) to understand what how AGI will change work in the long run. A common metaphor for the post AGI economy is to compare AGIs to humans and men to ants. Will the AGI …

Can Europe Catch Up on AI? with Carl Frey

I spoke to Carl Benedikt Frey, Professor at the Oxford Internet Institute and one of the most cited scholars on the political economy of technology. His new book How Progress Ends argues that technological progress is far from inevitable. In this conversation, we discuss the delicate choreography b…

Avi Goldfarb on Prediction Machines, O-Ring Tasks, and How AI is Reshaping Economics

This week, we’re joined by Avi Goldfarb, one of the leading economists of artificial intelligence and co-author of Prediction Machines. Avi has been thinking seriously about AI economics long before the ChatGPT shock, so we asked him what he thinks the earlier framework got right, what it missed, a…

Episode 126: Juan Vargas on the unintended consequences of an anti-drug policy in Colombia

Juan Vargas talks about the unintended consequences of an anti-drug policy in Colombia. "The Rise and Persistence of Illegal Crops: Evidence from a Naive Policy Announcement" by Mounu Prem, Juan F. Vargas, and Daniel Mejía. OTHER RESEARCH WE DISCUSS IN THIS EPISODE: “Inside the war on drugs: …

Ioana Marinescu on Insuring Workers for AI, Monopsony, and Philosophy

This week we’re joined by Ioana Marinescu, labor economist at the University of Pennsylvania’s School of Social Policy & Practice, former Principal Economist at the U.S. Department of Justice Antitrust Division, and a member of Anthropic’s Economic Advisory Board. Ioana is one of the people who put…

Daron Acemoglu on pro-worker AI and vibes based capital

We’re honored to host Daron Acemoglu, Institute Professor at MIT and 2024 Nobel laureate. Daron has spent a decade arguing that AI should be built to make human expertise more valuable rather than to replace it, most recently in “Building Pro-Worker AI” with David Autor and Simon Johnson, and in a …