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...]
112: Your Retirement Depends On Robots
How productivity increases due to robots and other technology enhancements should lead to both higher wages and higher investment portfolio returns, allowing workers to save enough to eventually retire. Photo by julochka In this episode you'll learn: How industrialization led to a greater variety of jobs.Why the internet is the world's largest copy machine.What things are better than free.How is productivity measured and why is its growth slowing.What are the negative consequences … [Read more...]
72: Will A Robot Take Over Your Job?
How robots and information technology are changing the nature of employment and what humans can do about it. Photo by David Blackwell. Painting by Albert Cuyp In this episode you'll learn: How robots and other information technology are substituting for labor.How use of robots, automation and technology pushes down prices and wages.What humans can provide that machines never will.Why job skills will be most in demand in the coming years.How the level of academic … [Read more...]
