Bloomberg on Impact Technology Has on Global Economy

The video discusses the impact of AI on job replacement and public perception, highlighting the benefits of better products at lower prices. It addresses income inequality and suggests taxation as a solution. The challenge of creating jobs in an automated world is explored, with retraining as a potential solution. Health and environmental concerns for workers, especially in coal mining, are discussed. The video predicts significant technological advancements in the next decade, emphasizing the need for adaptation.

What is one reason the public supports the use of AI and automation?

• It creates more jobs.

• It provides better quality products at lower prices.

• It reduces the need for education.

• It increases income inequality.

What is a major challenge in creating jobs in an automated world?

• Teaching everyone to code.

• Reducing the number of engineers.

• Increasing taxes on the poor.

• Eliminating all manual labor jobs.

What is one potential new job for retrained coal miners?

• Software developer

• Solar panel installer

• Data analyst

• AI researcher

Why might some companies be hesitant to hire former coal miners?

• They demand higher salaries.

• They are overqualified.

• They have health issues from pollution.

• They lack physical strength.

How does technology often get adopted easily by the public?

• By being presented in a familiar way.

• By being completely different from previous versions.

• By being more expensive.

• By requiring extensive training.