The Evolution of Banking Roles and the Future of Financial Advice | 3min snip from "Econ 102" with Noah Smith and Erik Torenberg

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AI, Software, and White-Collar Jobs

"Econ 102" with Noah Smith and Erik Torenberg

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CHAPTER

The Evolution of Banking Roles and the Future of Financial Advice

This chapter explores the transformation of bank tellers into service-oriented roles akin to financial advisors, emphasizing the need for advanced skills and knowledge. It also contemplates the future of financial advisory jobs in the face of AI advancements and the essential human attributes that may persist.

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In today's episode, Noah Smith and Erik Torenberg tackle pressing listener questions focused on the economic impact of AI, software, immigration, and more. They also cover the potential for economic development in poor countries and the evolving nature of industrial policy in the US and China.

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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co

LINKS:

Noahpinion: https://www.noahpinion.blog/

TIMESTAMPS:

(00:00) Intro

(00:32) Economic development in poor countries

(05:31) Role of Foreign Aid

(08:03) Universal Basic Income and parenting

(11:47) Software and inequality

(21:50) Impact of AI on employment

(25:55) Sponsors: Babbel | WorkOS

(28:22) Existing AI capabilities