⚡ Understand the issues that automation creates for the job market.

David Autor presenting his TED talk on whether automation will take away all our jobsWill automation take away all our jobs? | TED Talk by David Autor

An alternative, less gloomy look at the potential effects that automation might have on the job market. If you’re crapping yourself that a robot is going to take your job and leave you homeless, this might give you some hope.

He talks about previous periods where new technology has removed a ton of jobs (the main one being the industrial revolution getting rid of jobs in agriculture) and points out how the job market has survived by finding new jobs (kinda).

Main takeaways: the O-ring principle means that removing jobs via automation could make other more highly skilled jobs more important / increase in number. Take ATMs as an example (you need to watch the video for any of that to make sense…)

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