Marina Krakovsky: People thought the Internet was going to kill off intermediaries. She says there are still plenty of cases where a middleman or actually a human being is providing a skill. Where do you think it's going? And what advice would you give to somebody who's worried about technology taking away their job?
Why would anyone want to hire a middleman, like a wedding planner, especially if you have time to take care of the planning yourself? Marina Krakovsky, author of The Middleman Economy talks with EconTalk host Russ Roberts about middlemen in the modern economy. Despite predictions that the internet would destroy the need for middlemen, Krakovsky argues they're more valuable than ever though their roles have changed. Krakovsky looks at the different roles middlemen play today and how their value added can justify their existence.