Alice Rivlin: Trade War Would Be 'Very Destructive'

The video discusses the implications of Trumponomics on the US economy, focusing on manufacturing and job growth. Concerns about potential trade wars and tariffs are raised, along with the challenges of retraining the workforce in the face of automation. The discussion also covers the impact of automation on employment, particularly in essential services, and concludes with an analysis of US taxation and government spending.

What is a major concern about Trumponomics as discussed in the video?

• It will decrease manufacturing jobs.

• It focuses too much on technology.

• It may result in a trade war due to tariffs.

• It will lead to increased global cooperation.

Why is the notion that manufacturing will be the future considered worrisome?

• Because it will lead to a decrease in technology jobs.

• Because other countries have better manufacturing capabilities.

• Because it ignores the need for diverse job creation.

• Because it will increase global trade.

What is a potential impact of driverless cars on the workforce?

• They will eliminate the need for truck drivers.

• They will reduce the need for internet scheduling.

• They will increase the demand for assembly line workers.

• They will create more truck driving jobs.

What is emphasized as important for essential service workers?

• Eliminating their jobs.

• Focusing on manufacturing roles.

• Increasing their training and pay.

• Reducing their wages.

How does US taxation compare to global standards according to the video?

• US taxes are lower than most countries.

• US taxes are not mentioned in the video.

• US taxes are the same as most countries.

• US taxes are higher than most countries.