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Economist Podcasts
The Intelligence: Workers of the world, delight!
Jan 4, 2024
Join Christian Ogendail, European Economics Editor at The Economist, Matthew Hullhouse, the publication's Britain correspondent, and Leo Marani, their India correspondent, as they dive into transformative labor market shifts from aging demographics to AI innovations. They dissect the political tension ahead of Britain’s 2024 elections, spotlighting the Labour Party's momentum against rising living costs. Plus, discover how India’s single malt whiskey industry is forging a place on the global stage amidst intense competition.
23:30
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Quick takeaways
- Demographics, policy changes, and technology are transforming the labor market, leading to labor scarcity, higher wages, and new job opportunities.
- Governments are supporting workers through policies like increasing minimum wages and investing in green transitions, creating high-pressure economies and reshaping the labor market.
Deep dives
Three Big Changes in the Labor Market
The labor market is undergoing three significant changes. First, demographics are causing labor scarcity and better wages. Second, policy changes favor workers with increased labor demand. Third, technology, especially artificial intelligence, enhances productivity and creates new job opportunities.
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