The Impact of Automation and Robotization on Income Distribution in Post-Industrial Countries: Who Are the Winners and What Steps Should Society Take?

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School of Business | Bachelor's thesis
Date
2017
Major/Subject
Mcode
Degree programme
Taloustiede
Language
en
Pages
22
Series
Abstract
In this thesis, I study the effects of automation and robotization on income distribution and their effects on the society from a literary review point of view. The main effects of automation and robotization seem to be the added output and production, but at the cost of a more polarized income distribution towards the haves and have-nots. This tectonic shift in the work landscape might be something similar to the revolutions before, but it seems to be happening at a faster rate than the previous ones and this time effecting people from more varied backgrounds, even the top echelons of the income distribution seem to be getting hit. The most often proposed solutions to these problems are the implementation of strong taxation policies and the adoption of some form of Universal Basic Income (UBI).
Description
Thesis advisor
Murto, Pauli
Mustonen, Mikko
Keywords
automation, robotization, income distribution, basic income, technological unemployment, computerization
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