Daron Acemoglu on Innovation and Shared Prosperity

Daron Acemoglu, a renowned MIT economist and co-author of "Power and Progress," reveals how innovation can inadvertently widen economic disparities. He discusses the critical need for regulation to ensure technological benefits are distributed fairly. Acemoglu dives into the historical impacts of labor rights, competition, and the role of trade unions in wage distribution. He emphasizes the balance between automation and employment, advocating for ethical tech practices that protect workers while driving progress.