 Robotic systems work on a car at the Jaguar Land Rover factory in March in Solihull, England. (Leon Neal/Getty Images) By Jeff Guo Economists have long argued that automation, not trade, is responsible for the bulk of the six million jobs shed by the manufacturing sector over the last 25 years. Now, they have a put a precise figure on some of the losses. Industrial robots alone have eliminated up to 670,000 American jobs between 1990 and 2007, according to new research from MIT's Daron Acemoglu and Boston University's Pascual Restrepo. The number is stunning on the face of it, and many have interpreted the study as an indictment of technological change — a sign that "robots are winning the race for American jobs." But the bigger takeaway is that the nation has been ill-equipped to deal with the upheaval caused by automation. Read the rest on Wonkblog.
Number of the day $3.2 billion. That is the amount in cash federal drug-enforcement agents have seized from people not charged with crimes since 2007, according to a new report from the Justice Department's inspector general. Christopher Ingraham has more.
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