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.
Date of Completion
Bachelor of Science in Economics
Date of Award
Martin, Evelyn, "Racing the Machine: Automation-induced Inequality Through the Lens of the Fourth Industrial Revolution" (2021). Economics Theses. 113.