Freakonomics Radio How to Stop Worrying and Love the Robot Apocalypse (Update)
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Nov 18, 2024 
David Autor, an MIT economist focused on labor markets, James Rosenman, CEO at Andrus on Hudson specializing in senior care robots, and Karen Eggleston, a Stanford economist researching robotic healthcare solutions in Asia, discuss the evolving role of robots in the workforce. They explore the balance between job displacement and the creation of new opportunities, the integration of cobots in nursing homes to enhance patient care, and the global perspectives on technological adaptation, particularly in Japan’s aging care landscape.
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Technology's Impact on Inequality
- Technology democratizes access to goods and services, benefiting consumers.
- However, much of the wealth generated by technology concentrates at the top, exacerbating inequality.
Low-Wage Job Abundance
- The U.S. labor market continues to generate numerous low-wage jobs.
- While plentiful, these jobs often lack quality and offer poor working conditions.
Automation's Two-Sided Nature
- Technology eliminates some jobs while creating new areas of expertise and demand.
- This process is productive, but those losing jobs aren't always the ones gaining new opportunities.
