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Treasury Secretary Steve Mnuchin may not be concerned about losing American jobs to robots within the next fifty to one hundred years, but the phenomenon is already decades old. That's according to research published Monday by economists Daron Acemoglu and Pascual Restrepo who estimate that the U.S. has already lost between 360,000 and 670,000 jobs jobs to robots since 1990.

Expand chart
Data: National Bureau of Economic Research; Chart: Andrew Witherspoon / Axios

A growing problem: The pace of displacement is set to accelerate from here. Acemoglu and Restrepo say that if automation proceeds at predicted rates, millions of jobs could be lost while wage growth is reduced by up to 2.6% between 2015 and 2025.

Compounding inequality: The rise of automation has occurred at a time when more income is going towards ownership relative to labor than at any time since economists began widely collecting such data. If automation is partially to blame for this shift, the increasing use of robots will only worsen the problem.

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Illustration: Sarah Grillo/Axios

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Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.

Far-right figure "Baked Alaska" arrested for involvement in Capitol siege

Photo: Shay Horse/NurPhoto via Getty Images

The FBI arrested far-right media figure Tim Gionet, known as "Baked Alaska," on Saturday for his involvement in last week's Capitol riot, according to a statement of facts filed in the U.S. District Court in the District of Columbia.

The state of play: Gionet was arrested in Houston on charges related to disorderly or disruptive conduct on the Capitol grounds or in any of the Capitol buildings with the intent to impede, disrupt, or disturb the orderly conduct of a session, per AP.