John Cassidy, a staff writer at the New Yorker and author of "Capitalism and Its Critics," dives into the current job market crisis. He discusses how AI is altering job recruitment and the emotional toll it takes on seekers. Cassidy also reflects on the historical evolution of capitalism, linking it to today's economic challenges and critiques. The conversation touches on the struggles over technological displacement, suggesting that while capitalism can drive progress, it also needs reform to address its exploitative tendencies.
30:32
forum Ask episode
web_stories AI Snips
view_agenda Chapters
menu_book Books
auto_awesome Transcript
info_circle Episode notes
question_answer ANECDOTE
Job Seeking Frustrations
Many job seekers report applying to hundreds of jobs with few responses.
Some see reposted jobs, leaving doubt about their true availability.
insights INSIGHT
AI's Impact on Hiring
AI has depersonalized the hiring process for both applicants and recruiters.
Automated systems screen resumes, causing frustration and disconnection.
volunteer_activism ADVICE
Network Beyond Applications
To improve job prospects, focus on meeting people in person and networking.
Clearly communicate your skills and how you can help potential employers.
Get the Snipd Podcast app to discover more snips from this episode
John Cassidy's sweeping narrative examines capitalism's evolution through the lens of its detractors, spanning from 19th-century Luddites to contemporary degrowth advocates. The book highlights both famous critics like Marx and Keynes, and lesser-known figures such as Trinidadian economist Eric Williams and Indian Gandhian economist J.C. Kumarappa, while addressing modern concerns about AI, inequality, and climate change.
Between rising unemployment and a shrinking supply of entry level jobs, it seems like the job market’s on everyone’s mind. On this week’s TLDR, how AI has changed the process of getting a job — and why no one seems too happy about it. Plus, over its 250 year history, industrial capitalism has offered humanity some huge advances — along with a huge number of critics. New Yorker writer John Cassidy, author of the new book Capitalism and Its Critics: A History: From the Industrial Revolution to AI, explains.
This episode was hosted by Devin Friedman, business reporter Sarah Rieger and former hedgefunder Matthew Karasz, with an appearance by journalist John Cassidy. Follow us on other platforms, or subscribe to our weekly newsletter: linkin.bio/tldr
The TLDR Podcast is offered by Wealthsimple Media Inc. and is for informational purposes only. The content in the TLDR Podcast is not investment advice, a recommendation to buy or sell assets or securities, and does not represent the views of Wealthsimple Financial Corp or any of its other subsidiaries or affiliates. Wealthsimple Media Inc. does not endorse any third-party views referenced in this content. More information at wealthsimple.com/tldr.
TLDR 