James Manyika on Global Economic and Technological Trends

James Manyika, Chairman and Director of the McKinsey Global Institute, joins us to discuss the rapidly evolving landscape of the modern global economy and the role of technology in it.  Topics discussed in this episode include: -The modern social contract -Reskilling, wage stagnation, and inequality -Technology induced unemployment -The structure of the global economy -The geographic concentration of economic growth You can find the page for this podcast here: https://futureoflife.org/2021/09/06/james-manyika-on-global-economic-and-technological-trends/ Check out the video version of the episode here: https://youtu.be/zLXmFiwT0-M Check out the McKinsey Global Institute here: https://www.mckinsey.com/mgi/overview Have any feedback about the podcast? You can share your thoughts here: www.surveymonkey.com/r/DRBFZCT Timestamps:  0:00 Intro 2:14 What are the most important problems in the world today? 4:30 The issue of inequality 8:17 How the structure of the global economy is changing 10:21 How does the role of incentives fit into global issues? 13:00 How the social contract has evolved in the 21st century 18:20 A billion people lifted out of poverty 19:04 What drives economic growth? 29:28 How does AI automation affect the virtuous and vicious versions of productivity growth? 38:06 Automation and reflecting on jobs lost, jobs gained, and jobs changed 43:15 AGI and automation 48:00 How do we address the issue of technology induced unemployment 58:05 Developing countries and economies 1:01:29  The central forces in the global economy 1:07:36 The global economic center of gravity 1:09:42 Understanding the core impacts of AI 1:12:32 How do global catastrophic and existential risks fit into the modern global economy? 1:17:52 The economics of climate change and AI risk 1:20:50 Will we use AI technology like we've used fossil fuel technology? 1:24:34 The risks of AI contributing to inequality and bias 1:31:45 How do we integrate developing countries voices in the development and deployment of AI systems 1:33:42 James' core takeaway 1:37:19 Where to follow and learn more about James' work This podcast is possible because of the support of listeners like you. If you found this conversation to be meaningful or valuable, consider supporting it directly by donating at futureoflife.org/donate. Contributions like yours make these conversations possible.