2min chapter

Think Like An Economist cover image

S E17: The Labor Market - Live to Work, or Work to Live?

Think Like An Economist

CHAPTER

The Demand for Capital Goods and Labor

If expresser machines become cheaper than is, baristes can make more coffees. Machines can also replace workers as they do away with making your drink. In high skill jobs, labor and capital goods are more likely to be complements. For example, specialists oft ware can help an engineer do their job more easily. High skilled jobs are a safer bet for the future because they usually require a lot of education.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode