43sec snip

The Reith Lectures cover image

AI in the economy

The Reith Lectures

NOTE

The Direct Effects of Technology: Increasing Employment and Decreasing Demand

The direct effects of technology can work both ways./nTechnology can initially increase employment./nFurther increases in technology can lead to a decrease in employment./nThe economist James Besson coined the term "inverted u curve" to describe this phenomenon./nThe employment impact of technological advances is dependent on where one is on the curve.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode