Wage Effects Debate
James and Reid discuss the ongoing debate surrounding wage effects in an economy with increasing economic surpluses. They explore the role of automation, globalization, and the structure of the service sector in determining wages, highlighting the need for higher wage jobs in a service-driven economy.In this clip
From this podcast
Greymatter
Google's James Manyika | Social Intelligence
Related Questions
How does Universal Basic Income (UBI) affect employment?
Will there be job loss due to AI as discussed in the episode Does AI's Disruption Warrant UBI (Universal Basic Income) and the clip AI Industry Concerns?
Is AI going to take over jobs as discussed in the episode Paul Krugman: Economics of Innovation, Automation, Safety Nets & UBI | Lex Fridman Podcast #67 and the clip Automation and Jobs?