What is causing the shortage of goods and workers? What should we do about it? Topics covered include: How a tree pandemic killed billions of American Chestnut treesHow a massive increase in demand has crippled the global supply, leading to an eight-fold increase in shipping costsWhy there are so many job openings and people quitting their jobsWhy the free market doesn't work as well for child daycareHow stimulus payments during the pandemic reduced poverty ratesWhat is the lying flat … [Read more...]
184: Massive Job Losses Are Inevitable, But There Will Still Be Work
Why technology eliminates jobs but doesn't increase the level of unemployment even though for more than 50 years that has been the worry. Photo by Christopher Burns In this episode you’ll learn: How fear of technology destroying jobs has been around for decades. What is the relationship between GDP growth, employment and productivity. How more and more jobs are involved in services dealing with complexity. What types of jobs are less likely to be replaced Show … [Read more...]