How to Balance New Jobs and Creative Disappointment

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There's no dial for balance between new jobs. So what in practice would you suggest we could do to help people who are harmed by creative destruction? Great question for us. We have created a tax system that subsidizes people to do more automation and less of hiring workers, he says.

Economist and author Daron Acemoglu of MIT discusses his book Power and Progress with EconTalk host Russ Roberts. Acemoglu argues that the productivity and prosperity that results from innovation is not always shared widely across the population. He makes the case for the importance of regulating new technologies to ensure that the benefits of innovation are distributed equitably.