Abstract
By a News Reporter-Staff News Editor at Robotics & Machine Learning Daily News Daily News-Current study results on Robotics have been published. According to news reporting originating in Cambridge, Massachus etts, by NewsRx journalists, research stated, "Technological change, from the ad vent of robots to expanded trade opportunities, creates winners and losers." The news reporters obtained a quote from the research from the Massachusetts Ins titute of Technology, "How should government policy respond? We provide a genera l theory of optimal technology regulation in a second-best world, with rich hete rogeneity across households, linear taxes on the subset of firms affected by tec hnological change, and a non-linear tax on labour income. Our first set of resul ts consists of optimal tax formulas, with minimal structural assumptions, involv ing sufficient statistics that can be implemented using evidence on the distribu tional impact of new technologies, such as robots and trade."
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