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Economist Podcasts
Bait the hook! Fishing in the global talent pool
Aug 14, 2024
Robert Guest, Deputy Editor at The Economist and immigration policy expert, joins Simon Rabinovich, U.S. economics editor, and Tom Standage, AI specialist, to dive into the complex landscape of global talent and labor. They discuss the barriers skilled immigrants face in the U.S. and the missed opportunities for innovation due to restrictive policies. Simon unpacks the rising trend of tipping culture, while Tom sheds light on the ethics of facial recognition technology used by law enforcement, addressing biases and implications for society.
25:25
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Quick takeaways
- The podcast highlights the challenges skilled immigrants face in the U.S. due to complex visa regulations, hindering potential talent retention.
- The discussion contrasts the approaches to facial recognition technology between the EU and U.S., emphasizing differing regulatory frameworks and public privacy concerns.
Deep dives
The Rise of Tipping Culture
The podcast discusses the increasing reliance on tips in the American service industry, leading to a phenomenon referred to as 'tip-flation.' Historically, tipping started at around 10% in the 1950s and has steadily risen to an expected baseline of 20% today. This has resulted in a system where a significant portion of service workers' income relies on tips, which has become a mandatory practice rather than a reward for good service. Surveys indicate that many Americans express dissatisfaction with the current tipping culture, feeling it has become excessive and burdensome.
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