2min chapter

Greymatter cover image

Google's James Manyika | Social Intelligence

Greymatter

CHAPTER

Globalization and Jobs on Wage Effects

Most of the things tha n people are saying are currently wage effects of automation, or more wage effects of globalization. The automaation is still very much coming and is important to focus on. But it's like thewll the robots are taking your jobs? Well, i'm not sure actuallf the question as yet. We know that when you have an economy that i service sector dominated, which most advanced economies are, ours certainly is. I mean, we can tall by manufacture all we want to day. Manufacturing is nine per cent of the us Labor force. Is not the dominant pieace. And so the dynamic going forward is less on wages, less about globalization.

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