Abstract
This paper analyzes the scope and velocity of automation-induced inequality as a result of the Fourth Industrial Revolution. We find that, when left unchecked by intentional government policy, the direct impacts of inequality will affect virtually all demographic groups and occupational skill levels, as well as, be hastened by future recessions and noticeable skill biases. We find that unconditional cash transfers in the form of a universal basic income have the potential to address the aforementioned scope and velocity due to their cash transfer modality and universal qualities. As we are living through the start of the Fourth Industrial Revolution, the long-term and long run effects of automation-induced inequality are yet to have manifested; however, learning from previous government involvements in curbing the inequalities associated with technological disruptions is imperative.
First Advisor
Kate Stirling
Date of Completion
Fall 12-2021
Degree Type
Dissertation/Thesis
Rights
Degree Name
Bachelor of Science in Economics
Date of Award
Spring 5-2022
Recommended Citation
Martin, Evelyn, "Racing the Machine: Automation-induced Inequality Through the Lens of the Fourth Industrial Revolution" (2021). Economics Theses. 113.
https://soundideas.pugetsound.edu/economics_theses/113
Included in
Economic Policy Commons, Income Distribution Commons, Inequality and Stratification Commons, Political Economy Commons, Work, Economy and Organizations Commons