Cautionary Tales with Tim Harford RoboPod and the Perpetual Money Machine - Cautionary Questions 2
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Nov 22, 2024 Jacob Goldstein, host of 'What's Your Problem?' and author of 'Money: The True Story of a Made-Up Thing,' joins Tim Harford to dive into the roots of the 2008 financial crisis and the concept of shadow banking. They explore the societal implications of AI on job security and creativity, discussing how human innovation stands against machine-generated art. The conversation also touches on the lessons learned from past financial missteps and the NIMBY vs. YIMBY debates impacting housing policies.
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Retirement and Identity
- Karen, a retired policy advisor, shared her experience on finding fulfillment after retirement.
- She emphasized that work is not our entire identity and retirement allows other aspects of ourselves to emerge.
Retirement vs. Unemployment
- Retirement and unemployment differ significantly in terms of life satisfaction.
- A German study showed retirees are happy, while unemployed individuals experience lower life satisfaction, highlighting the impact of identity and societal expectations.
AI's Impact on All Job Levels
- Generative AI now threatens job security across income and education levels, not just lower-skilled jobs.
- This broader impact raises social implications about job status and how people perceive their self-worth, as employment is tied to social norms.
